The good news for income investors is that there are a large number of ASX 200 dividend shares that share their profits with shareholders.
This makes the Australian share market a great place to generate passive income.
But which ASX 200 dividend shares would be good options right now? Two that brokers have recently rated as buys are named below:
BHP Group Ltd (ASX: BHP)
For income investors that don't mind investing in the mining sector, then BHP could be a top ASX 200 dividend share to buy. Especially after the recent share price weakness.
That's the view of analysts at Morgans, which reiterated their add rating and $51.00 price target on the Big Australian's shares last week.
As well as a decent upside, the broker expects some attractive dividend yields in the near term. It is forecasting fully franked dividends per share of ~$2.58 in FY 2023 and then ~$2.55 in FY 2024. Based on the current BHP share price of $43.69, this implies yields of 5.9% and 5.8%, respectively.
Super Retail Group Ltd (ASX: SUL)
Goldman Sachs believes that Super Retail is an ASX 200 dividend share to buy. It is the retail group behind popular brands BCF, Macpac, Rebel, and Super Cheap Auto.
The broker was pleased with the company's performance in FY 2023. It notes that "SUL reported FY23/2H23 results with 2H23 beat largely at CODB line, and the first 6 weeks sales run-rate above GSe."
In light of this, it has put a buy rating and $14.40 price target on its shares.
As for dividends, Goldman is expecting fully franked dividends per share of 62 cents in FY 2024 and then 64 cents in FY 2025. Based on the current Super Retail share price of $12.78, this will mean yields of 4.85% and 5%, respectively.
