If you're an income investor looking for new investments, then you may want to consider the ASX 200 dividend shares listed below.
Both of these shares have been rated as buys and tipped to provide investors with attractive dividend yields. Here's what you need to know about them:
Charter Hall Group (ASX: CHC)
The first ASX 200 dividend share that could be a buy is Charter Hall.
It is a property fund manager and developer with a suite of institutional, wholesale, and retail unlisted property funds in which it holds investments.
Although the property sector is going through a reasonably tough period, Citi remains positive on the company. In fact, it was pleased with Charter Hall's recent update. It said:
Positive readthrough from recent revaluations and asset sales We see potential upside to CHC's shares and reiterate Buy with peer revaluations and transaction evidence suggesting a slower and a smaller amount of asset value decline, than implied in listed market pricing.
As for dividends, the broker is forecasting dividends per share of 43 cents in FY 2023 and 45 cents in FY 2024. Based on the current Charter Hall share price of $10.65, this will mean yields of 4% and 4.2%, respectively.
Citi has a buy rating and a $14.60 price target on its shares.
Suncorp Group Ltd (ASX: SUN)
Another ASX 200 dividend share that has been named as a buy is Suncorp.
It is one of Australia's leading insurance companies and the owner of brands including AAMI, Apia, Bingle, GIO, Shannons, Suncorp, and Vero. And while Suncorp also has banking operations, it is in the process of divesting this side of the business.
Morgans is a fan of Suncorp and believes it is well-placed for the future. It said:
SUN management continue to execute well and appear on track to deliver key FY23 strategic priorities. Strong price rises remain supportive of margins near term, and SUN appears well positioned for when the headwinds of inflation and bad weather ease, in our view.
At present, the broker is forecasting fully franked dividends per share of 77.7 cents in FY 2023 and 87.8 cents in FY 2024. Based on the current Suncorp share price of $13.48, this will mean yields of 5.75% and 6.5%, respectively.
Morgans currently has an add rating and a $14.44 price target on its shares.
