2 ASX 200 dividend giants to buy now

Check out these dividend giants that analysts are bullish on.

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Are you in the market for some high-quality ASX 200 dividend shares? Well, I have good news if you are.

Two giants have recently been named as buys and tipped to provide investors with attractive yields. Here's what you need to know:

Macquarie Group (ASX: MQG)

The team at Morgans believe that Macquarie could be an ASX 200 dividend share to buy right now. It has an add rating and a $182.80 price target on its shares.

The broker believes Macquarie is well-placed to benefit from structural growth areas over the long term. It explains:

We continue to like MQG's exposure to long-term structural growth areas such as infrastructure and renewables. The company also stands to benefit from recent market volatility through its trading businesses, while it continues to gain market share in Australian mortgages.

As for income, Morgans is forecasting dividends per share of $6.71 in FY 2024 and $7.01 in FY 2025. Based on the current Macquarie share price of $167.16, this will mean yields of 4% and 4.2%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy is telco giant Telstra.

That's the view of analysts at Goldman Sachs, which recently reaffirmed their buy rating on the company's shares with a $4.70 price target.

The broker believes that Telstra's shares are good value, particularly in an uncertain economic environment. It explains:

Although at a headline level, Telstra valuation appears relatively full (vs. peers and vs. 10Y yield), we note: (1) Adjusting out NBN recurring payments (a unique asset), Telstra trades at a much more compelling multiple; (2) Although its yield spread is compressed vs. history, when factoring dividend growth this is more attractive. Hence in an uncertain 2023 we rate Telstra Buy.

Speaking of dividend growth, Goldman is expecting dividends per share of 18 cents in FY 2024 and 19 cents in FY 2025. Based on the current Telstra share price of $3.79, this will mean yields of 4.75% and 5%, 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 and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group and Telstra 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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