Expect 6%+ dividend yields from these ASX 200 shares: analysts

Looking for ASX 200 dividend shares to buy for your income portfolio? If you are, then you may want to check out the two listed below that have been named as buys and tipped to offer big yields.

Here’s what analysts are saying about them:

ANZ Group Holdings Ltd (ASX: ANZ)

The first ASX 200 dividend share that has been named as a buy is ANZ Bank. It is of course one of the big four banks in the Australian market.

The team at Citi is bullish on the banking giant due to its belief that its net interest margin (NIM) will improve thanks to rising interest rates, boosting its top line. In addition, its analysts expect core earnings momentum to be supportive of dividend growth in the coming years.

For example, Citi is forecasting fully franked dividends of $1.66 per share in FY 2023 and then $1.76 per share in FY 2024. Based on the current ANZ share price of $25.92, this will mean yields of 6.4% and 6.8%, respectively.

Citi has a buy rating and $29.25 price target on the bank’s shares.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics and office real estate property manager.

The team at Morgan Stanley is positive on the company despite the softening trading conditions in the property market.

Its analysts currently have an overweight rating and $4.30 price target on Stockland’s shares.

In addition, the broker is forecasting dividends per share of 26.7 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $3.91, this will mean yields of 6.8% in both financial years.

The post Expect 6%+ dividend yields from these ASX 200 shares: analysts appeared first on The Motley Fool Australia.

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More reading

• ANZ share price falls on Q1 update
• Invest $20,000 in ASX 200 shares and get $1,500 each year without lifting a finger
• NAB shares: A top tip for passive income?
• ANZ share price slips amid $50m acquisition
• ANZ shares have been on a roll in 2023. Can it last?

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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