There are plenty of quality options for income investors on the Australian share market.
In order to narrow things down, I have picked out a couple of ASX 200 dividend shares that analysts rate as buys. Here's what they are saying about them:
Centuria Industrial Reit (ASX: CIP)
The first ASX 200 dividend share that has been named as a buy is Centuria Industrial.
It is Australia's largest domestic pure-play industrial REIT and the owner of a portfolio of high-quality industrial assets situated in urban infill locations throughout Australia.
UBS is a fan of the company. The broker believes it is well-placed to benefit from the strong demand for space from logistics tenants. In addition, it expects industrial segments to be the preferred sub-sector for many years to come.
As for dividends, its analysts are expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.17, this represents yields of 5% in both financial years.
The broker has a buy rating and a $3.68 price target on its shares.
Westpac Banking Corp (ASX: WBC)
Another ASX 200 dividend share that has been named as buy is banking giant Westpac.
Goldman Sachs is positive on the bank despite the recent removal of its cost reduction target. That's because the broker believes that Westpac's cost base will remain largely flat, which is a great result in this inflationary environment. It is for this reason that Goldman believes Westpac will still outperform peers when it comes to costs in the near term.
The broker expects this to underpin fully franked dividends per share of 140 cents in both FY 2023 and FY 2024. Based on the current Westpac share price of $21.43, this will mean yields of 6.5% in both years.
Goldman currently has a buy rating and a $24.67 price target on the bank's shares.
