Brokers say Telstra and this ASX 200 dividend shares are buys

Are you looking for ASX 200 dividend shares to buy? If you are, you may want to check out the two buy-rated shares listed below that have been tipped to provide attractive yields.

Here’s what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

This agribusiness company could be an ASX 200 dividend share to buy right now.

That’s the view of analysts at Goldman Sachs, which believe that recent share price weakness has created a buying opportunity for investors. The broker highlights that “the fundamentals of this company remain unchanged, and strong in our view.” It also believes that “ELD is very well positioned to grow through the cycle.”

The broker has a conviction buy rating and $18.40 price target on the company’s shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 53 cents in FY 2023 and 57 cents in FY 2024. Based on the current Elders share price of $8.51, this will mean yields of 6.2% and 6.7%, respectively.

Telstra Corporation Ltd (ASX: TLS)

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

Analysts at Morgans are very positive on the telco giant due to its successful turnaround via the T22 strategy, its new growth strategy, the recently approved restructure, and positive industry conditions.

The broker highlights that “telco has the strongest tailwinds in a decade with an increasingly rational market, price rises across the majors and the criticality of telco increasingly recognised.”

In respect to dividends, Morgans is expecting Telstra to pay fully franked 17 cents per share dividends in both FY 2023 and FY 2024. Based on the current Telstra share price of $4.22 this equates to yields of 4%.

Morgans has as an add rating and $4.70 price target on the company’s shares.

The post Brokers say Telstra and this ASX 200 dividend shares are buys appeared first on The Motley Fool Australia.

(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}

setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

• Here are the 3 most heavily traded ASX 200 shares on Monday
• 7 ASX 200 stocks smashing new 52-week highs on Monday
• Why did the Telstra share price beat the ASX 200 in March?
• For $400 in monthly passive income, buy 28,236 shares of this ASX 200 stock
• The latest Telstra dividend is being paid today. Here’s the lowdown

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 Telstra Group. The Motley Fool Australia has recommended Elders. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

from The Motley Fool Australia https://ift.tt/OvpRHBq