3 ASX 200 dividend shares named as buys by brokers

These ASX 200 dividend shares are rated highly for a reason.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you want to boost your income portfolio this month, then it could be worth checking out the ASX 200 dividend shares listed below that analysts rate as buys.

Here's what they are saying about them:

ATM with Australian hundred dollar notes hanging out.

Image source: Getty Images

ANZ Group Holdings Ltd (ASX: ANZ)

The first ASX 200 dividend share that could be a buy is banking giant ANZ. Goldman Sachs is positive on the bank due to its institutional business, which it expects to perform positively in the current environment. The broker has a buy rating and a $27.38 price target on its shares.

As for dividends, Goldman is forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.35, this will mean dividend yields of 6.4%.

Aurizon Holdings Ltd (ASX: AZJ)

Another ASX 200 dividend share that could be a buy is Aurizon. It is Australia's largest rail freight operator. Macquarie is a fan of the company and has an outperform rating and a $4.12 price target on its shares.

In respect to dividends, the broker expects partially franked dividends of 14.8 cents per share in FY 2023 and then 19.3 cents per share in FY 2024. Based on the latest Aurizon share price of $3.75, this will mean yields of 3.95% and 5.15%, respectively.

Transurban Group (ASX: TCL)

A final ASX 200 dividend share that analysts are positive on is Transurban. It manages and develops urban toll road networks in Australia and North America. Citi likes the company and believes it is well-placed thanks to inflation-linked price increases and its defensive qualities. The broker has a buy rating and a $16.20 price target on its shares.

As for income, Citi is expecting dividends per share of 58 cents in FY 2023 and 62 cents in FY 2024. Based on the current Transurban share price of $14.05, this will mean yields of 4.1% and 4.4%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Goldman Sachs Group and Transurban Group. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

3 children standing on podiums wearing Olympic medals.
Share Gainers

Here are the top 10 ASX 200 shares today

It was a lacklustre end to the trading week this Friday...

Read more »

Person pointing at an increasing blue graph which represents a rising share price.
Broker Notes

2 ASX 200 stocks that could rise 50%

Morgans thinks the market is undervaluing these shares.

Read more »

A financial expert or broker looks worried as he checks out a graph showing market volatility.
Technology Shares

I was going to buy these ASX tech stocks. Now, I'm not so sure

When the facts change, so should our buying...

Read more »

Contented looking man leans back in his chair at his desk and smiles.
Broker Notes

Brokers name 3 ASX shares to buy right now

Here's why brokers are feeling bullish about these three shares this week.

Read more »

Dollar sign in yellow with a red falling arrow in front of a graph, symbolising a falling share price.
Broker Notes

6 ASX 200 shares downgraded by brokers this week

Brokers have reduced their ratings on TechnologyOne, Macquarie, 4DMedical, and others this week.

Read more »

three young children weariing business suits, helmets and old fashioned aviator goggles wear aeroplane wings on their backs and jump with one arm outstretched into the air in an arid, sandy landscape.
Share Gainers

3 ASX 200 stocks storming higher in this week's sinking market

Investors sent these three ASX 200 stocks surging in this week’s tumbling market. But why?

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why Brainchip, Fortescue, IGO, and Life360 shares are tumbling today

These shares are ending the week in the red. But why?

Read more »

Five happy friends on their phones.
Share Market News

Why Newmont, PLS and Fortescue shares are grabbing headlines on Friday

Fortescue, PLS and Newmont shares are grabbing investor interest on Friday. But why?

Read more »