Goldman Sachs says these high-yield ASX 200 dividend shares are buys

These dividend shares have been named as buys by brokers.

If you're in the market for some dividends, then look no further than the two ASX 200 dividend shares listed below.

Both have recently been named as buys by Goldman Sachs and tipped to offer very generous dividend yields. Here's what you need to know about these ASX 200 dividend shares:

$100 Australian notes on top of each other.

Image source: Getty Images

South32 Ltd (ASX: S32)

This mining giant could be an ASX 200 dividend share to buy according to the broker.

It likes the company due to its attractive valuation, the favourable outlook of key commodities, and the potential for big dividends in the near future.

In respect to the latter, the broker highlights that "S32 is on a supportive dividend yield of c. 5% in FY23, increasing to 14% in FY24." These will both be fully franked payouts.

Goldman has a buy rating and $4.80 price target on South32's shares.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that Goldman rates as a buy is Super Retail.

It is the retailer that own brands including Macpac, Rebel, and Super Cheap Auto.

Goldman is a big fan of the company due to the resilience of its businesses and impressive loyalty program. In respect to the latter, the broker highlights that it has a "competitive advantage of high loyalty (~10m active members accounting for >70% of sales) and this will be further bolstered in 2H23 as the company launches the Rebel loyalty program and continues to build personalisation capabilities."

As for dividends, Goldman Sachs is forecasting fully franked dividends per share of 74.1 cents in FY 2023 and then 62.6 cents in FY 2024. Based on the current Super Retail share price of $11.52, this will mean yields of 6.4% and 5.4%, respectively.

The broker has a buy rating and $14.90 price target on Super Retail'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 positions in and has recommended Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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