Experts name 200 ASX dividend shares to buy with big fully franked yields

A smiling woman with a handful of $100 notes, indicating strong dividend payments

A smiling woman with a handful of $100 notes, indicating strong dividend payments

Looking for dividend shares to buy in June? Then have a look at the two listed below that have been given buy ratings and tipped to pay big dividends.

Here’s what you need to know about these dividend shares:

Australia and New Zealand Banking Group (ASX: ANZ)

The first ASX 200 dividend share to look at is banking giant, ANZ.

It could be a dividend share to buy given the positive outlook for interest rates in Australia and its solid performance so far in FY 2022. The latter saw ANZ recently reveal its half-year cash earnings from continuing operations of $3,113 million. This was a 4% increase over the prior corresponding period.

The team at Citi was pleased with its results and is expecting this positive earnings growth to continue in the coming years. As a result, it has put a buy rating and $30.75 price target on the bank’s shares.

As for dividends, the broker is forecasting fully franked dividends per share of 147 cents in FY 2022 and then 170 cents in FY 2023. Based on the current ANZ share price of $24.97, this implies yields of 5.9% and 6.8%, respectively.

South32 Ltd (ASX: S32)

Another high yielding ASX 200 dividend share to look at is mining giant, South32.

Thanks to its diverse mining operations and exposure to in demand green metals, South32 has been tipped to generate bumper free cash flows in the coming years.

It is for this reason that the team at Morgans currently has an add rating on South32’s shares with a $6.10 price target.

Morgans also expects the company’s bumper free cash flow to underpin very big dividends in the coming years. It has pencilled in fully franked dividends per share of ~26 cents in FY 2022 and ~35 cents in FY 2023. Based on the current South32 share price of $4.98, this will mean yields of 5.2% and 7%, respectively.

The post Experts name 200 ASX dividend shares to buy with big fully franked yields appeared first on The Motley Fool Australia.

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*Returns as of January 12th 2022

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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 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.

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