Are you looking for ASX 200 dividend shares to buy for a second income? If you are, then you may want to check out the two listed below that have been named as buys.
Hereâs why they could help you in your second income quest:
Harvey Norman Holdings Limited (ASX: HVN)
Goldman Sachs believes that recent weakness in the Harvey Norman share price could have created a buying opportunity for investors. Especially for those searching for big dividend yields!
The broker believes the market is undervaluing Harvey Norman and highlights that its shares are trading at just 6x FY 2024 estimated earnings ex-property. This is notably cheaper than its rivals.
Goldman currently has a buy rating and $4.70 price target on the retailerâs shares.
As for dividends, the broker is expecting fully franked dividends per share of 36 cents in FY 2023 and then 30 cents in FY 2024. Based on the current Harvey Norman share price of $3.71, this will mean yields of 9.7% and 8.1%, respectively.
Macquarie Group Ltd (ASX: MQG)
Morgans is a fan of this investment bank and is tipping it as a buy.
The broker believes Macquarie is well-placed for the long term thanks thanks to its âexposure to long-term structural growth areas such as infrastructure and renewables.” It also highlights its potential to âbenefit from recent market volatility through its trading businesses.â
In respect to dividends, the broker is expecting Macquarie to pay partially franked dividends of $8.28 per share in FY 2023 and $7.64 per share in FY 2024. Based on the current Macquarie share price of $171.32, this implies yields of 4.8% and 4.45%, respectively.
Morgans has an add rating and $222.80 price target on Macquarieâs shares.
The post Buy these ASX 200 dividend shares for a second income: analysts appeared first on The Motley Fool Australia.
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More reading
- 5 ASX shares I’d buy if there is panic selling
- $72m and counting: ASX 200 director’s massive share buy-up continues
- Want high income right now? These are the ASX dividend shares I would buy
- Here are the top 10 ASX 200 shares today
- Guess which ASX 200 director has bought $50m worth of shares in a fortnight?
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 positions in and has recommended Harvey Norman. The Motley Fool Australia has positions in and has recommended Harvey Norman and Macquarie Group. 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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