There are a lot of ASX 200 dividend shares to choose from on the Australian share market.
To narrow things down, I have picked out three that brokers are tipping as buys. Here's what you need to know about them:
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Elders Ltd (ASX: ELD)
Elders could be an ASX 200 dividend share to buy according to analysts at Bell Potter. It is a leading agribusiness company that provides expert advice and services to Australian farmers across a wide range of agricultural products.
Bell Potter sees a lot of value in its shares at current levels. Particularly given its positive outlook. It highlights that "executing on existing initiatives and leverage to cattle prices are expected to drive double digit EPS growth through to FY27e."
In addition, it is expecting attractive dividend yields in the near term. The broker is forecasting fully franked dividends of 36 cents per share in FY 2025 and then 43 cents per share in FY 2026. Based on the current share price of $6.31, this would mean dividend yields of 5.7% and 6.8%, respectively.
Bell Potter has a buy rating and $9.10 price target on its shares.
Harvey Norman Holdings Limited (ASX: HVN)
Another ASX 200 dividend share that could be a buy according to brokers is Harvey Norman. It is one of Australia's leading retailers.
Bell Potter is a fan of the company and is expecting "improving sales trends in key markets assisted by a sizable upside from the AI driven upgrade cycle/replacement & spend shift to tech."
As for income, the broker expects fully franked dividends of 25.4 cents per share in FY 2025 and 28.1 cents per share in FY 2026. Based on its current share price of $5.37, this will mean dividend yields of 4.7% and 5.2%, respectively.
Bell Potter currently has a buy rating and $6,00 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
Finally, over at Morgans, its analysts think that Treasury Wine could be an ASX 200 dividend share to buy right now. It is the wine giant behind popular brands such as Penfolds, Wolf Blass, and 19 Crimes.
While Morgans acknowledges that trading conditions have been tough, it believes its shares have been oversold. So much so, the broker feels that "TWE's trading multiples look far too cheap (FY25 PE of only 14.2x)."
As for dividends, the broker expects this to underpin partially franked dividends of 39.5 cents per share in FY 2025 and then 45 cents in FY 2026. Based on its current share price of $7.93, this would mean dividend yields of 5% and 5.7%, respectively.
Morgans currently has a buy rating and $11.06 price target on its shares.
