If you're an income investor, then here are a couple of ASX 200 dividend shares that could be worth adding to your portfolio.
Here's what brokers are saying about these top stocks:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 200 dividend share that could be a buy is Aurizon.
It is Australia's largest rail freight operator. Each year, it transports more than 250 million tonnes of Australian commodities, connecting miners, primary producers, and industry with international and domestic markets.
Macquarie is positive on the company and has an outperform rating and a $4.04 price target on its shares.
In respect to dividends, the broker expects partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.62, this will mean yields of 5.1% and 6.9%, respectively.
Rio Tinto Ltd (ASX: RIO)
Another ASX 200 dividend share that could be a buy is Rio Tinto.
It is of course one of the world's largest miners with operations across a range of commodities. These metals and minerals are found everywhere in everyday life: aluminium for cars, copper for renewable energy technologies, iron ore for the steel, and lithium for electric vehicles.
Goldman Sachs is a fan of the company and believes it has a "compelling relative valuation" at current levels. As a result, the broker has a buy rating and a $126.90 price target on the miner's shares.
In respect to dividends, its analysts are forecasting fully franked dividends per share of US$3.49 (A$5.41) in FY 2023 and then US$4.05 (A$6.27) in FY 2024. Based on the latest Rio Tinto share price of $106.05, this will mean yields of 5.1% and 5.9%, respectively.