Are you looking for dividend shares to buy?
If you are, you may want to look at the two listed below that have been forecast to provide big yields.
Here's what you need to know about these buy-rated ASX dividend shares:
Image source: Getty Images
Elders Ltd (ASX: ELD)
The first high yield ASX 200 dividend share that could be a buy is Elders. It is an Australian agribusiness company that provides a range of services to rural and regional customers.
Goldman Sachs is a fan of the company due to its belief that the Australian agricultural environment is structurally strong and Elders is uniquely placed to benefit. The broker also highlights that farmer balance sheets and industry data hint at strong intentions for investment and expanded production in response to a tightening global agricultural market.
In respect to dividends, the broker is expecting 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 $8.30, this will mean yields of 6.4% and 6.9%, respectively.
Goldman Sachs currently has a buy rating and $18.40 price target on the company's shares.
Stockland Corporation Ltd (ASX: SGP)
Another ASX 200 dividend share that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.
The team at Citi is positive on the company and recently upgraded its shares to a buy rating with a $4.60 price target. Its analysts believe the market is too negative on the company and don't expect property prices to fall as much as feared.
In fact, the broker is so positive it has made Stockland its top pick in the sector.
Citi is also forecasting some big dividend yields. It expects dividends per share of 26.6 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.20, this will mean yields of 6.3% in both financial years.
