If you're looking for dividends, then you might want to check out the ASX 200 dividend shares listed below.
Both of these shares have recently been named as buys by leading brokers. Here's what you need to know:
Macquarie Group Ltd (ASX: MQG)
The first ASX 200 dividend share that could be a buy is Macquarie.
Although the market didn't respond overly positively to the investment bank's full-year results this month, the team at Morgans remains a fan and appears to believe recent weakness has created a buying opportunity for investors.
In response to the result, Morgans has retained its add rating with a $201.80 price target. The broker commented:
MQG is a quality franchise, exposed to structural growth areas, and the company performed exceptionally well in a more difficult FY23 environment. With >10% share price upside to our price target, we continue to maintain our ADD recommendation.
As for dividends, the broker is expecting partially franked dividends of $6.33 per share in FY 2023 and $6.75 per share in FY 2024. Based on the current Macquarie share price of $177.43, this will mean yields of 3.55% and 3.8%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX 200 dividend share that has been named as a buy is insurance giant QBE.
Analysts at Citi are positive on the company. This is due to its top line momentum, improving yields, and attractive valuation. The broker has a buy rating and $16.20 price target on its shares. It explains:
Top line momentum and improving yields remain attractive QBE's FY22 result demonstrates strong top line momentum, a good part of which should continue into FY23E. Yields are also materially expanding and this should provide a strong boost to future earnings. […] With valuation still looking attractive too, we retain our Buy call, lifting our TP to A$16.20.
In respect to dividends, Citi expects QBE to pay a 61 cents per share dividend in FY 2023 and then a 71 cents per share dividend in FY 2024. Based on the latest QBE share price of $15.30, this equates to yields of 4% and 4.65%, respectively.
