Brokers name 2 ASX 200 dividend shares to buy

If you’re looking for dividend options, then you may want to check out the two that brokers rate as buys.

Here’s what analysts are saying about these ASX 200 dividend shares right now:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX 200 dividend share that brokers rate highly is the Charter Hall Social Infrastructure REIT.

As its name implies, it is a real estate investment trust that invests in social infrastructure properties such as bus depots, police and justice services facilities, and childcare centres.

Goldman Sachs is very bullish on the company and has a conviction buy rating and $4.13 price target on its shares. It was pleased with the recent purchase of a 25% stake in Geoscience Australia property in Canberra. Goldman commented:

In our view, the transaction demonstrates the fund is executing on its strategy to broaden its investments in social infrastructure and its ability to source quality, accretive assets leased to strong tenant covenants. Furthermore, despite the challenging macroeconomic backdrop, childcare fundamentals are solid, and we remain attracted to CQE’s resilient underlying cash flows.

In respect to dividends, Goldman is expecting dividends of 17.2 cents per share in in FY 2023 and then 18 cents per share in FY 2024. Based on the current Charter Hall Social Infrastructure REIT unit price of $3.51, this will mean yields of 4.9% and 5.1%, respectively.

South32 Ltd (ASX: S32)

Another ASX 200 dividend share that brokers are positive on is mining giant South32. It is a mining giant with a focus on metals that are critical to the transition to a low-carbon world.

Morgans is a fan of the company and has an add rating and $5.30 price target on the miner’s shares. It commented:

S32 has transformed its portfolio by divesting South African thermal coal and acquiring an interest in Chile copper, substantially boosting group earnings quality, as well as S32’s risk and ESG profile. Unlike its peers amongst ASX listed large-cap miners, S32 is not exposed to iron ore. Instead offering a highly diversified portfolio of base metals and metallurgical coal (with most of these metals enjoying solid price strength). We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.

As for dividends, the broker is expecting fully franked dividends per share of 22.7 cents in FY 2023 and 21.2 cents in FY 2024. Based on the current South32 share price of $3.72 this will mean yields of 6.1% and 5.7%, respectively.

The post Brokers name 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Down 28% in 5 months, is the South32 share price a bargain buy?
• Why is the South32 share price copping a caning today?
• Goldman Sachs says these are the ASX dividend shares to buy
• 2 ASX mining shares ready to rocket: experts
• Morgans names the ASX 200 dividend shares to buy

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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