If you’re looking for dividend shares to buy for your income portfolio, then it could be worth checking 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 has been tipped as a buy by Morgans is insurance giant QBE.
The broker is very positive on the companyâs outlook. It expects âQBE’s earnings profile to improve strongly over the next few yearsâ thanks to strong rate increases and further cost-out benefits.
Morgans also highlights the companyâs robust balance sheet and believes its shares are ârelatively inexpensive.â
As for dividends, the broker expects QBE to pay a 76 cents per share dividend in FY 2023 and then an 85 cents per share dividend in FY 2024. Based on the latest QBE share price of $13.49, this equates to yields of 5.6% and 6.3%, respectively.
Morgans currently has an add rating and $15.05 price target on its shares.
Santos Ltd (ASX: STO)
Another ASX 200 dividend share that could be a buy is Santos.
It is a leading energy producer with a collection of high quality operations across several regions.
Morgans believes the company could be a top option in the current environment. This is thanks to its “growth profile and diversified earnings base,â which the broker believes leaves Santos “well placed to outperform against a backdrop of a broader sector recovery.”
In addition, Morgans highlights the companyâs strong cash flow generation and believes Santos âis positioned to flex its cash dividends and buybacks.â
It expects this to lead to fully franked dividends of 28 US cents (40 Australian cents) per share in FY 2023 and 30 US cents (42.7 Australian cents) per share in FY 2024. Based on the current Santos share price of $7.36, this will mean yields of 5.4% and 5.8%, respectively.
Morgans has an add rating and $8.75 price target on its shares.
The post Broker names 2 high yield ASX 200 dividend shares to buy now appeared first on The Motley Fool Australia.
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More reading
- Looking to energise returns with this pocket of undervalued ASX shares in 2023
- 5 things to watch on the ASX 200 on Tuesday
- Own Santos shares? Here’s why the ASX 200 company’s net-zero plan is taking heat
- 5 things to watch on the ASX 200 on Monday
- Top brokers name 3 ASX shares to buy next week
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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