Looking for ASX 200 shares to buy? If you are, then you could check out the two listed below that are forecast to grow their dividends in the future.
Here's what brokers are saying about these shares:
Suncorp Group Ltd (ASX: SUN)
The first ASX 200 dividend share that has been tipped as a buy is Suncorp.
It is one of Australia's leading insurance and banking companies. In respect to the former, it owns brands including AAMI, Apia, Bingle, GIO, Shannons, Suncorp, and Vero.
Morgans is positive on the company. It likes Suncorp due to its efficiency program, attractive valuation, and generous dividend yield.
Speaking of which, 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 $13.49, this will mean yields of 5.75% and 6.5%, respectively.
Morgans has an add rating and a $14.44 price target on its shares.
Transurban Group (ASX: TCL)
Another top ASX 200 share that could be a buy is Transurban.
It is a toll road operator with 22 roads across Australia and North America. It also has four projects currently in development or delivery, which are designed to improve connections within cities.
It appears well-placed for growth in the coming years thanks to strong traffic volumes, favourable trends such as urbanisation, and its inflation-linked price increases.
UBS expects this to underpin dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.25, this will mean yields of 4% and 4.3%, respectively.
The broker currently has a buy rating and a $15.45 price target on its shares.
