If you’re wanting some ASX 200 dividend shares to boost your income, then you may want to check out the two listed below.
Here’s why these dividend shares have been rated as buys recently:
Rio Tinto Limited (ASX: RIO)
The first ASX 200 dividend share to look at is Rio Tinto. This mining giant could be a top option thanks to the huge dividends it is being tipped to pay in the coming years.
This is being underpinned by booming commodity prices. With iron ore, aluminium, and copper prices all trading at sky high levels, Rio Tinto is expected to generate bumper free cash flow again in the near term.
Analysts at Goldman Sachs expect this to lead to Rio Tinto’s shares providing investors with yields in the region of 10% in both FY 2022 and FY 2023.
The broker also sees room for the mining giant’s shares to rise further from here. It has a buy rating and $131.50 price target on the company’s shares.
Super Retail Group Ltd (ASX: SUL)
Another ASX 200 dividend share that could be in the buy zone is Super Retail. It is the retail conglomerate behind the BCF, Macpac, Rebel, and Supercheap Auto brands.
The team at Morgans is very positive on the company and believes its recent share price weakness is a buying opportunity. Particularly with the broker forecasting some very big fully franked dividends in the coming years and significant upside potential for its shares.
Morgans has an add rating and $13.80 price target on its shares. As for dividends, it is expecting fully franked dividends of 59 cents per share in FY 2022 and 61 cents per share in FY 2023. Based on the current Super Retail share price of $10.38, this will mean yields of 5.7% and 5.9%, respectively.
The post 2 ASX 200 dividend shares analysts rate as buys appeared first on The Motley Fool Australia.
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More reading
- What drove the Rio Tinto share price higher on Friday?
- 5 things to watch on the ASX 200 on Friday
- ASX 200 commodities players were the major winners in March. Take a look
- What sent ASX mining shares flaming higher in March?
- Analysts name 2 ASX dividend shares with 5%+ yields to buy this week
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. owns and has recommended Super Retail Group Limited. The Motley Fool Australia owns and has recommended Super Retail Group 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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