Here are the ASX 200 dividend shares to buy: analysts

Are you looking for dividend shares to buy? If you are, then the two listed below could be quality options.

Analysts have recently rated these ASX 200 dividend shares as buys. Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share that analysts rate as a buy is supermarket operator Coles.

The team at Morgans is very positive on the company and has an add rating and $19.60 price target on its shares.

Morgans believes Coles’ shares are attractively priced given its defensive characteristics and favourable tailwinds. The broker explained:

Trading on 22.5x FY24F PE and 3.6% yield, we continue to see COL as offering good value with the company’s healthy balance sheet and defensive characteristics putting it in a good position to navigate through a weaker economic environment. In our view, the unwinding of local shopping trends should continue to be a tailwind and further trading down from consumers will also be positive given COL’s strong Own Brand offering. Add rating retained.

As for dividends, Morgans is forecasting a 66 cents per share dividend in both FY 2023 and FY 2024. Based on the current Coles share price of $18.00, this will mean yields of 3.65% in both years.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that has been tipped as a buy is Super Retail. It is the retail conglomerate behind brands such as Macpac, Rebel, and Super Cheap Auto.

Goldman Sachs is positive on the company and has a buy rating and $14.60 price target on its shares.

The broker likes Super Retail due to its strong position in the outdoor category, its high-quality loyalty program, and its omni-channel capabilities. It recently said:

SUL is our preferred pick in discretionary apparel/footwear space given outdoor/functional category resilience as well as the company’s focus on driving consumer experience via loyalty (~70% of sales) and unique omni-channel experience.

In respect to dividends, Goldman is forecasting fully franked dividends per share of 67 cents in FY 2023 and 63 cents in FY 2024. Based on the latest Super Retail share price of $13.30, this will mean yields of 5% and 4.7%, respectively.

The post Here are the ASX 200 dividend shares to buy: analysts appeared first on The Motley Fool Australia.

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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 Super Retail Group. The Motley Fool Australia has positions in and has recommended Coles Group and Super Retail 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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