If you're looking for dividend shares to buy, then you could do a lot worse than the ASX 200 shares listed below.
Both of these shares have been named as buys with above-average forecast dividend yields. Here's what you need to know:
Image source: Getty Images
QBE Insurance Group Ltd (ASX: QBE)
The first ASX 200 dividend share that has been named as a buy is insurance giant QBE.
Analysts at Morgans are positive on the company. This is due partly to its belief that "strong rate increases [are] still flowing through QBE's insurance book." In addition, the broker highlights that the insurer's shares are trading on lower than average multiples and appear "inexpensive" at current levels.
As for dividends, Morgans expects QBE to pay an 82 cents per share dividend in FY 2023 and then a 93 cents per share dividend in FY 2024. Based on the latest QBE share price of $14.89, this equates to yields of 5.5% and 6.25%, respectively.
Morgans has an add rating and $16.96 price target on QBE's shares.
Rio Tinto Ltd (ASX: RIO)
Another ASX 200 dividend share for income investors to consider buying is mining giant Rio Tinto.
Goldman Sachs believes it is a great option for investors that are looking for mining sector exposure. This is due to its "compelling valuation" and "return to production growth in 2023."
The broker expects the latter to underpin fully franked dividends per share of US$5.39 in FY 2023 and then US$4.76 in FY 2024. Based on current exchange rates and the latest Rio Tinto share price of $123.19, this will mean yields of 6.5% and 5.8%, respectively.
Goldman Sachs has a buy rating and lifting its price target to $138.30.
