Brokers say Telstra and this ASX 200 dividend shares are buys

These dividend shares could be top options for investors right now.

| More on:
A couple working on a laptop laugh as they discuss their ASX share portfolio.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for ASX 200 dividend shares to buy? If you are, you may want to check out the two buy-rated shares listed below that have been tipped to provide attractive yields.

Here's what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy right now.

That's the view of analysts at Goldman Sachs, which believe that recent share price weakness has created a buying opportunity for investors. The broker highlights that "the fundamentals of this company remain unchanged, and strong in our view." It also believes that "ELD is very well positioned to grow through the cycle."

The broker has a conviction buy rating and $18.40 price target on the company's shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $8.51, this will mean yields of 6.2% and 6.7%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be in the buy zone is Telstra.

Analysts at Morgans are very positive on the telco giant due to its successful turnaround via the T22 strategy, its new growth strategy, the recently approved restructure, and positive industry conditions.

The broker highlights that "telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised."

In respect to dividends, Morgans is expecting Telstra to pay fully franked 17 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.22 this equates to yields of 4%.

Morgans has as an add rating and $4.70 price target on the company's shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

4 excellent ASX dividend shares to buy in May

Analysts have put buy rating on these stocks and are forecasting attractive dividend yields.

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Dividend Investing

Buy NAB and these ASX 200 dividend stocks

Analysts have recently slapped buy ratings on these income options.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Dividend Investing

Here's the Wesfarmers dividend forecast through to 2028

Want to know how big the Wesfarmers dividends might be? Let’s find out…

Read more »

A young female investor sits in her home office looking at her ipad and smiling as she sees the QBE share price rising
Dividend Investing

3 ASX dividend stocks that brokers rate as buys

Should income investors be buying these stocks this week?

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Looking for passive income? These 2 ASX All Ords shares trade ex-dividend next week!

With ex-dividend dates fast approaching, passive income investors will need to act soon.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Buy these ASX dividend shares for their 4% to 6.6% dividend yields

Analysts are tipping big yields from these buy-rated stocks.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
ETFs

Here's the current ASX dividend yield on the Vanguard Australian Shares ETF (VAS)

How much passive income can one expect from this popular index fund?

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Dividend Investing

NAB stock: Should you buy the 4.7% yield?

Do analysts think this banking giant is a buy for income investors?

Read more »