Experts name 2 ASX 200 dividend shares to buy now

Here are a couple of dividend shares to buy..

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for ASX 200 dividend shares to buy? If you are, then check out the two listed below that have been named as buys by experts.

Here's why they rate them highly right now:

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

Image source: Getty Images

Australia and New Zealand Banking Group Ltd (ASX: ANZ)

The first ASX 200 dividend share that could be a buy is ANZ Bank. It is of course largest financial institutions in the region and one of the big four banks.

Analysts at Citi are very positive on the bank. Last week the broker retained its buy rating with an improved price target of $29.25.

Citi was pleased with ANZ's FY 2022 results and has boosted its earnings and dividend estimates to reflect higher net interest margins.

In respect to dividends, the broker is now forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current ANZ share price of $25.56, this will mean yields of 6.5% and 6.9%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share that has been named as a buy is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.

The team at Goldman Sachs is positive on the company and currently has a buy rating and $4.50 price target on its shares.

Its analysts "believe the potential headwinds are factored into the share price and see SGP as attractively valued." This is particularly the case given its recently refreshed corporate strategy and the sale of its low returning Retirement division.

As for dividends, the broker is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.60, this will mean yields of 7.7% and 7.9%, 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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Buy Macquarie and this ASX 200 passive income share: analysts

These could be the shares to buy if you want a passive income boost.

Read more »

ATM with Australian hundred dollar notes hanging out.
Dividend Investing

4 ASX 200 shares trading ex-dividend on Wednesday

These ASX 200 shares will be rewarding their shareholders with dividends very soon.

Read more »

A woman wearing glasses and a black top smiles broadly as she stares at a money yarn full of coins representing the rising JB Hi-Fi share price and rising dividends over the past five years
Dividend Investing

Buy these ASX dividend shares with big yields today: experts

These ASX shares could give your passive income a major boost during the cost of living crisis.

Read more »

Two male ASX 200 analysts stand in an office looking at various computer screens showing share prices
Dividend Investing

3 ASX 200 shares trading ex-dividend on Tuesday

Expect to see these 3 ASX 200 shares drop tomorrow

Read more »

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.
Dividend Investing

Buy these ASX dividend shares right now for income: analysts

Here's why analysts say these could be top options for income investors this month...

Read more »

A woman smiles widely while using an old fashioned hand set telephone with dial.
Dividend Investing

Here's how much I'd need to invest in Telstra shares to generate a $200 monthly income

Telstra has grown its dividends again in 2023.

Read more »

A sophisticated older lady with shoulder-length grey hair and glasses sits on her couch laughing while looking at her phone
Dividend Investing

I reckon these are 2 of the best ASX income stocks to buy in March

These look like two winners for income to me.

Read more »

Woman holding $50 notes and smiling.
Dividend Investing

Analysts name 2 ASX dividend shares to buy with 4%+ yields

These ASX dividend shares good be quality options for income investors right now.

Read more »