2 buy-rated ASX 200 dividend shares with top yields

Are you looking for dividend shares to buy? If you are, then you might want to look at the shares listed below that have been named as buys by analysts.

Here’s why these ASX 200 dividend shares could be worth considering right now:

National Australia Bank Ltd (ASX: NAB)

The first ASX 200 dividend share that could be in the buy zone is NAB. This is due to its strong position in business banking, the positive outlook for interest rates, and its acquisition of Citi’s Australian consumer business. The latter will fill a gap in its offering and support its future growth.

Bell Potter is very positive on NAB and has a buy rating and $32.50 price target on its shares.

The broker is also expecting attractive yields in the coming years, with fully franked dividends per share of 132.5 cents in FY 2022 and 134.5 cents in FY 2023. Based on the current NAB share price of $29.94, this will mean yields of 4.4% and 4.5%, respectively, over the next couple of years.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share to look at is Australia’s largest telecommunications company, Telstra.

It could be a quality option for income investors due to its increasingly positive outlook. This follows years of earnings declines and dividend cuts brought about by the rollout of the NBN.

The key to its positive outlook will be the T25 strategy, which has management targeting solid and sustainable growth in the coming years. Combined with 5G and rational industry competition, some analysts are tipping Telstra to soon increase its dividend for the first time in almost a decade.

In the meantime, the team at Morgans is expecting fully franked 16 cents per share dividends in FY 2022 and FY 2023. Based on the current Telstra share price of $3.84, this will mean yields of 4.2%.

Morgans has an add rating and $4.56 price target on its shares.

The post 2 buy-rated ASX 200 dividend shares with top yields appeared first on The Motley Fool Australia.

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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 owns and has recommended Telstra Corporation Limited. 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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