Are you looking for ASX 200 dividend shares to buy? If you are, then you may want to check out the two listed below that have been named as buys.
Here's why analysts rate them highly right now:
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Australia and New Zealand Banking Group Ltd (ASX: ANZ)
ANZ Bank could be an ASX 200 dividend share to buy right now.
That's the view of analysts at Citi, which believe that the bank will experience a boost to its earnings and dividend in FY 2023 and FY 2024 thanks to cash rate rises.
In addition, Citi notes that ANZ has signed an agreement to acquire the banking operations of Suncorp Group Ltd (ASX: SUN) for $4.9 billion. The broker believes the deal meets a strategic objective and is being undertaken at a reasonable price.
As for dividends, Citi is forecasting fully franked dividends of $1.44 per share in FY 2022 and $1.65 per share in FY 2023. Based on the current ANZ share price of $22.87, this will mean yields of 6.3% and 7.2%, respectively.
Citi currently has a buy rating and $29.00 price target on the bank's shares.
Coles Group Ltd (ASX: COL)
This supermarket giant could be another ASX 200 dividend share to consider buying.
It could be a top option in the current environment thanks to its defensive qualities and positive exposure to inflation. This and the successful execution of trade plans, led to Coles reporting a 2% increase in sales revenue to $39,369 million and a 4.3% lift in net profit after tax to $1,048 million in FY 2022.
Since then, the company has announced a deal to sell its Coles Express business for $300 million.
The team at Morgans notes that this has freed up balance sheet capacity and allows the company to now focus on its core business, which has been losing market share to rivals.
Another positive is that the broker continues to forecast some attractive dividend yields in the coming years. It is forecasting fully franked dividends of 65 cents per share dividend in FY 2023 and a 66 cents per share dividend in FY 2024.
Based on the current Coles share price of $16.43, this will mean yields of 3.9% and 4%, respectively, for investors.
Morgans also sees plenty of upside for its shares with its add rating and $20.00 price target.
