Are you looking to bolster your passive income with some new dividend shares this month?
If you are, you may want to look at the two listed below that have been forecast to provide attractive yields by Citi. Here's what you need to know about these buy-rated ASX 200 dividend shares:
ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX 200 dividend share that Citi has named as a buy is banking giant ANZ Bank.
The broker was pleased with ANZ's recent first-half results, which were in-line with expectations. And while it acknowledges that the bank is facing the same competitive pressures on both sides of its balance sheet as the other big banks, it continues to believe ANZ is the top pick in the sector.
This is because it sees "ANZ's unique capabilities as set to deliver relative outperformance in the current market conditions."
As for dividends, Citi is forecasting fully franked dividends of $1.64 per share in FY 2023 and then $1.66 per share in FY 2024. Based on the current ANZ share price of $23.54, this will mean yields of 7% and 7%, respectively.
Citi has a buy rating and $26.50 price target on the bank's shares.
Stockland Corporation Ltd (ASX: SGP)
Another ASX 200 dividend share that Citi rates as a buy is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.
Citi believes it could be a top option for income investors right now. Particularly given how it sees a recent "sharp pickup in residential enquiries in 3Q23 (up c. 50% from 1H23 run-rate and inline with pre-Covid levels) as an early sign of a recovery in demand."
All in all, the broker believes this positions Stockland to pay dividends per share of 27 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.48, this will mean yields of 6% in both years.
Citi has a buy rating and $4.70 price target on Stockland's shares.
