If youâre looking to boost your income with some dividend shares, then the two listed below could be worth considering.
Analysts have recently named these ASX 200 dividend giants as buys. Hereâs what you need to know about them:
BHP Group Ltd (ASX: BHP)
The first ASX 200 dividend share that could be in the buy zone is BHP.
Thanks to its world class operations and favourable commodity prices, the Big Australian has been generating significant free cash flow again. And with this trend expected to continue, this could bode well for dividend payments in the coming years.
In fact, Goldman Sachs is forecasting fully franked dividends per share of US$3.50 in FY 2022 and then ~US$2.65 in FY 2023. Based on the current BHP share price of $42.76 and current exchange rates, this implies yields of 11.9% and 9%, respectively.
Goldman Sachs also sees plenty of value in the BHP share price at currently levels. Earlier this week the broker resumed coverage on its shares with a buy rating and $49.40 price target.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 200 share that could be in the buy zone is this telco giant.
It could be a top option due to its attractive valuation, strong free cash flow generation, and improving outlook. In respect to the latter, Telstra’s new T25 strategy has been designed to underpin solid earnings growth in the coming years. This could bode well for dividend payments.
For now, the team at Morgans is forecasting fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this will mean yields of 4.1%.
Morgans also sees decent upside for Telstraâs shares. It has an add rating and $4.56 price target on its shares.
The post Here are 2 top ASX 200 dividend shares to buy right now according to experts appeared first on The Motley Fool Australia.
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More reading
- What are brokers saying about the Telstra share price?
- Which ASX 200 mining share offers the best dividend yield for FY22?
- Own BHP shares? Here’s how the ASX 200 miner plans to slash emissions
- Optus plea to ACCC doing little to these ASX 200 telco shares today
- Why the BHP share price looks poised for a short-term boost: expert
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 positions in 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 Scott Phillips.
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