Are you looking for some dividend shares to buy in November?
If you are, then you might want to look at the ones listed below. Here’s why these ASX 200 dividend shares could be in the buy zone:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
If you don’t already have exposure to the banking sector, then it may be worth considering ANZ.
The banking giant has recently released its full year results and outperformed the market’s expectations. For the 12 months ended 30 September, the bank reported a 72% jump in statutory profit after tax to $6,162 million and a 65% increase in cash earnings from continuing operations to $6,198 million.
This strong profit growth was underpinned by a significant reduction in provisions compared to the prior corresponding period, tightly managed expenses, and profit growth in Australia Retail and Commercial.
The team at Morgans were pleased with the result and remain positive on its outlook. The broker has an add rating and $31.00 price target on the company’s shares. In addition, it is forecasting a 147 cents per share dividend in FY 2022 and a 164 cents per share dividend in FY 2023.
Based on the current ANZ share price of $28.14, this will mean yields of 5.2% and 5.8%, respectively, for investors.
DEXUS Property Group (ASX: DXS)
Another ASX 200 dividend share to look at is this Australian real estate company. DEXUS has a focus on owning, managing, and developing office, industrial and retail properties.
The company has recently added to its portfolio with the acquisition of $900 million of industrial assets. This includes a logistics facility leased to Australia Post and a majority stake in Jandakot airport.
Analysts at Macquarie were pleased with the acquisitions. In response, the broker retained its outperform rating and lifted its price target on the company’s shares to $11.90.
As for dividends, Macquarie is forecasting dividends per share of 53.7 cents in FY 2022 and 58.1 cents in FY 2023. Based on the current Dexus share price of $10.87, this will mean yields of 4.9% and 5.3%, respectively.
The post Brokers name 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.
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More reading
- Top ASX shares to buy in November 2021
- The ANZ share price is up 24% so far in 2021. Here’s why
- Top brokers name 3 ASX shares to buy next week
- Leading broker says ANZ (ASX:ANZ) share price is a buy
- 5 things to watch on the ASX 200 on Friday
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 Bruce Jackson.
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