Here are 2 ASX 200 dividend shares analysts rate as buys

Looking for dividend shares to buy this month? Then the two listed below that have been given buy ratings could be worth considering.

Here’s what you need to know about these ASX 200 dividend shares:

Australia and New Zealand Banking Group (ASX: ANZ)

The first ASX 200 dividend share to look at is ANZ. It is of course one of Australia’s big four banks.

ANZ could be a top option for income investors that don’t already have exposure to the banking sector. Particularly given its solid performance so far in FY 2022 and recent share price weakness.

In respect to the former, during the first half, ANZ reported cash earnings from continuing operations of $3,113 million. This was a 4% increase over the prior corresponding period.

As for the former, the ANZ share price has lost 19% of its value since the start of the year. This means that the potential yields on offer with its shares have now widened materially. For example, Citi 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 $22.80, this implies yields of 6.45% and 7.45%, respectively.

Citi also sees plenty of value in its shares and has put a buy rating and $30.75 price target on them.

Harvey Norman Holdings Limited (ASX: HVN)

Another ASX 200 dividend share to consider is retail giant Harvey Norman. It could be in the buy zone according to analysts at Goldman Sachs.

The broker remains positive on the retailer despite the tough operating environment. It prefers Harvey Norman due to its valuation and it having “more protection from online competition given higher regional and boomer exposure.”

Goldman Sachs is forecasting fully franked dividends per share of 42 cents in FY 2022 and 39 cents in FY 2023. Based on the current Harvey Norman share price of $3.89, this will mean yields of 10.8% and 10%, respectively.

The broker has a buy rating and $5.80 price target on its shares.

The post Here are 2 ASX 200 dividend shares analysts rate as buys appeared first on The Motley Fool Australia.

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More reading

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• ASX 200 midday update: Chalice Mining jumps, Zip sinks on bearish broker note
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• Why are ASX 200 bank shares responding positively to higher interest rates?

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 positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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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