Brokers says these top ASX 200 dividend shares are buys this week

The Australian share market is home to a large number of quality dividend shares for income investors to choose from.

Two that brokers are very positive on are listed below. Here’s why these ASX 200 dividend shares have been tipped as buys:

Charter Hall Social Infrastructure REIT (ASX: CQE)

The first ASX 200 dividend share that has been tipped as a buy is the Charter Hall Social Infrastructure REIT.

Goldman Sachs is a fan of this social infrastructure focused property company and has a conviction buy rating and $4.13 price target on its shares. This is due to its belief that the company is well-placed despite the challenging macroeconomic backdrop.

The broker highlights the company’s exposure to the childcare sector, noting that “childcare fundamentals are solid.” Overall, its analysts expect its “resilient underlying cash flows” to support above-average dividend yields in the coming years.

Goldman is forecasting dividends of 17.3 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 share price of $3.38, this will mean yields of 5.1% and 5.3%, respectively.

Wesfarmers Ltd (ASX: WES)

Another ASX 200 dividend that could be in the buy zone is Wesfarmers.

The team at Morgans is positive on the conglomerate and has an add rating and $55.60 price target on its shares. This is due its belief that the company is well-placed for the long term thanks to its “quality retail portfolio” and “highly regarded management team.”

The broker is expecting this to underpin the payment of attractive fully franked dividends this year and next year.

It has pencilled in fully franked dividends per share of $1.82 in FY 2023 and $1.89 in FY 2024. Based on the current Wesfarmers share price of $47.57, this will mean yields of 3.8% and 4%, respectively.

The post Brokers says these top ASX 200 dividend shares are buys this week appeared first on The Motley Fool Australia.

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More reading

• If you’d bought $10,000 worth of Wesfarmers shares in January, this is how much you’d have earned in dividends
• Which stocks are in the Vanguard Australian Shares Index ETF (VAS) right now?
• How to have your ASX 200 dividend cake and eat it too
• 3 passive ASX income machines to help fund your retirement
• Income investor? Analysts say these are 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 positions in and has recommended Wesfarmers 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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