If youâre an income investor, then you might want to read on. Listed below are two ASX dividend shares that have just been rated as buys by experts.
Hereâs what they are saying about these top ASX 200 dividend shares:
Deterra Royalties Ltd (ASX: DRR)
The first ASX 200 dividend share to look at is Deterra Royalties.
It operates a royalty business model which involves the management and growth of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals.
This includes the Mining Area C (MAC) iron ore operation which is co-owned with mining giant BHP Group Ltd (ASX: BHP). It is located 120 kilometres north-west of Newman in the Pilbara region of Western Australia on the Traditional lands of the Banjima people. It consists of open-cut mines, three ore handling plants and one train load-out facility.
Goldman Sachs is bullish and has a buy rating and $4.70 price target on its shares.
As for dividends, it is expecting fully franked dividends per share of 31.5 cents in FY 2023 and 26.2 cents in FY 2024. Based on the current Deterra Royalties share price of $4.21, this will mean yields of 7.5% and 6.2%, respectively.
Stockland Corporation Ltd (ASX: SGP)
Another ASX 200 dividend share that has been tipped as a buy is Stockland.
Stockland is a residential and land lease developer and retail, logistics, and office real estate property manager.
Goldman Sachs is a fan of the company. It stated that it believes “the potential headwinds are factored into the share price and see SGP as attractively valued.â
Goldman currently has a buy rating and $4.50 price target on its shares.
In respect to dividends, the broker is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.30, this will mean yields of 8.4% and 8.6%, respectively.
The post Analysts name 2 ASX 200 dividend shares to buy this month 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 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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