There are good number of options to choose from on the Australian share market.
So much so, it can be hard to decide which ASX 200 dividend shares to buy.
To narrow things down, I have picked out three that have been named as buys. Here's what you need to know about them:
ANZ Group Holdings Ltd (ASX: ANZ)
The first ASX 200 dividend share that could be a buy is big four bank ANZ.
The team at Goldman Sachs is very positive on the bank and has a buy rating and a $27.25 price target on its shares. It likes the bank due to the "improving the profitability of its Institutional business."
Its analysts expect this to support fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.18, 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. Its national rail and road network connects miners, primary producers, and industry with international and domestic markets.
Macquarie is bullish on the company and has an outperform rating and a $4.04 price target on its shares.
As for dividends, the broker is forecasting partially franked dividends of 19.1 cents per share in FY 2024 and then 24.5 cents per share in FY 2025. Based on the latest Aurizon share price of $3.44, this will mean yields of 5.5% and 7.1%, respectively.
Telstra Group Ltd (ASX: TLS)
Finally, Telstra could be another ASX 200 dividend share to buy.
That's the view of analysts at Goldman Sachs, which have a buy rating and a $4.70 price target on the company's shares. They "believe the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive."
In respect to dividends, the broker is forecasting fully franked dividends per share of 18 cents in FY 2024 and 20 cents in FY 2025. Based on the current Telstra share price of $3.79, this will mean yields of 4.75% and 5.3%, respectively.
