If you’re looking for dividend shares to add to your income portfolio, then it could be a good idea to check out the two named below.
These two ASX 200 dividend shares have been rated as buys by analysts at Morgans. Hereâs what they are saying about them right now:
QBE Insurance Group Ltd (ASX: QBE)
The first ASX 200 dividend share that Morgans has named as a buy for investors is insurance giant QBE. Its analysts currently have an add rating and $14.89 price target on its shares.
Morgans revealed that it is expecting “QBE’s earnings profile to improve strongly over the next few years.”
Its analysts expect this to be driven by “strong rate increases still flowing through QBE’s insurance book, and further cost-out benefits.”
In respect to dividends, the broker is forecasting a 42 cents per share dividend in FY 2022 and then a 90 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.88, this equates to yields of 3.25% and 7%, respectively.
Santos Ltd (ASX: STO)
Another ASX 200 dividend share that Morgans rates highly is this leading energy producer. The broker currently has an add rating and $9.00 price target on its shares.
Morgans likes Santos due to its âgrowth profile and diversified earnings base” which it feels leaves the company âwell placed to outperform against a backdrop of a broader sector recovery.â
The broker is expecting this to allow the company to pay dividends per share of 23 cents in FY 2022 and then 24.4 cents in FY 2023. Based on the current Santos share price of $7.06, this will mean yields of 3.25% and 3.45%, respectively, for income investors.
The post Morgans names 2 ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.
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More reading
- 5 things to watch on the ASX 200 on Tuesday
- 5 things to watch on the ASX 200 on Monday
- How are ASX 200 energy shares tracking in the first week of trade?
- Why BHP, Core Lithium, Santos, and Winsome shares are charging higher
- Is the party over for these ASX 200 energy shares in 2023?
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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