If you're in the market for some ASX 200 dividend shares, then it could be worth taking a look at the two listed below.
Here's why brokers have just tipped them as buys:
Image source: Getty Images
Lottery Corporation Ltd (ASX: TLC)
The first ASX 200 dividend share that has been named as a buy is Lottery Corp.
It is Australia's leading lotteries company, which spun out of Tabcorp Holding Limited (ASX: TAH) last year.
Citi is positive on the company due to its defensive qualities and recent price increases and commission reductions. It believes "the market underestimates the uplift to the contribution margin following the increase in the commission rate and cut to third party digital commissions."
As for dividends, the broker is forecasting a 15 cents per share dividend in FY 2023 and 18 cents per share dividend in FY 2024. Based on the current Lottery Corp share price of $5.11, this will mean fully franked yields of approximately 3% and 3.5%, respectively.
Citi has a buy rating and a $5.70 price target on its shares.
Transurban Group (ASX: TCL)
Another ASX 200 dividend share that has been named as a buy is Transurban.
It is one of the world's leading toll road operators with a portfolio of roads across key locations. This includes CityLink in Melbourne, the Cross City Tunnel in Sydney, and AirportlinkM7 in Brisbane.
It has returned to form in FY 2023 and reported record traffic volumes during the first half. This is likely to be good news for the future given its inflation-linked price increases. This will be supported by Transurban's large development pipeline.
UBS is positive on the company and is forecasting dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.44, this will mean yields of 4% and 4.2%, respectively.
The broker currently has a buy rating and a $15.45 price target on its shares.
