Are you looking for some dividend shares to buy this month? 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)
This banking giant could be an ASX 200 share to buy. It recently released its full year results to much fanfare. In FY 2021, 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 was driven by a significant reduction in provisions compared to the prior corresponding period, tightly managed expenses, and profit growth in the Australia Retail and Commercial segments.
Morgans was pleased with ANZ’s performance and remains positive on its outlook. Its analysts have an add rating and $31.00 price target on the company’s shares. As for dividends, Morgans is forecasting fully franked dividends of 147 cents per share in FY 2022 and 164 cents per share in FY 2023.
Based on the current ANZ share price of $27.47, this will mean yields of 5.3% and 6%, respectively, for investors.
South32 Ltd (ASX: S32)
If you’re not averse to investing in the resources sector, then another ASX 200 dividend share to look at is this mining giant. It could be a top option for income investors due to its attractive valuation, strong free cash flow generation, and its extremely generous dividend yield forecast.
Thanks to its exposure to a number of in-demand commodities such as aluminium, the team at Goldman Sachs believe South32’s shares will provide investors with big fully franked dividend yields in the coming years. In fact, based on the latest South32 share price of $3.82, Goldman expects yields greater than 10% per annum for the next five years.
Goldman has a conviction buy rating and $4.40 price target on its shares.
The post 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.
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More reading
- These 3 ASX 200 shares are topping the volume charts on Friday
- Brokers name 3 ASX shares to buy today
- 5 things to watch on the ASX 200 on Friday
- Could rumours over a Westpac (ASX:WBC) mega-merger ever become facts?
- Why Morgans upgraded South32 (ASX:S32) shares to a buy rating
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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