Brokers say these ASX 200 dividend shares are buys

Big dividend yields are expected from these income shares.

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Income investors who are on the lookout for some ASX 200 dividend shares to buy might want to check out the two named below.

That's because brokers have recently put buy ratings on their shares and are tipping very attractive yields. Here's what you need to know:

Smiling woman holding Australian dollar notes in each hand, symbolising dividends.

Image source: Getty Images

QBE Insurance Group Ltd (ASX: QBE)

The first ASX 200 dividend share that brokers are positive on is insurance giant QBE.

Goldman Sachs is tipping the company's shares as a buy with an $18.09 price target.

The broker believes that rates "earned over the next 12 months will like be well ahead of moderating inflation to offset reinsurance / perils cost pressure and likely support improving underlying trends."

In respect to dividends, the broker is forecasting payouts of 42 US cents per share in FY 2023, 60 US cents per share in FY 2024, and 62 US cents per share in FY 2025. Based on the current QBE share price of $15.09, this will mean dividend yields of 4.4%, 6.3%, and 6.5%, respectively.

Super Retail Group Ltd (ASX: SUL)

Analysts at Morgans think that Super Retail could be an ASX 200 dividend share to buy with a $15.00 price target.

The broker is positive on the Rebel and Super Cheap Auto owner and recently lifted its earnings estimates to reflect a better-than-expected margin performance in FY 2023.

As for income, the broker isn't ruling out another special dividend in FY 2024. It said: "SUL declared a 25c special dividend [in FY 2023], and at this stage we think it will declare another one this time next year."

The broker is forecasting fully franked dividends per share of 89 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $11.47, this will mean generous yields of 7.75% and 6.4%, respectively.

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. The Motley Fool Australia has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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