If you’re looking for dividend shares to buy, then you could do a lot worse than the ASX 200 shares listed below.

Both of these shares have been named as buys with above-average forecast dividend yields. Here’s what you need to know:

QBE Insurance Group Ltd (ASX: QBE)

The first ASX 200 dividend share that has been named as a buy is insurance giant QBE.

Analysts at Morgans are positive on the company. This is due partly to its belief that “strong rate increases [are] still flowing through QBE’s insurance book.” In addition, the broker highlights that the insurer’s shares are trading on lower than average multiples and appear “inexpensive” at current levels.

As for dividends, Morgans expects QBE to pay an 82 cents per share dividend in FY 2023 and then a 93 cents per share dividend in FY 2024. Based on the latest QBE share price of $14.89, this equates to yields of 5.5% and 6.25%, respectively.

Morgans has an add rating and $16.96 price target on QBE’s shares.

Rio Tinto Ltd (ASX: RIO)

Another ASX 200 dividend share for income investors to consider buying is mining giant Rio Tinto.

Goldman Sachs believes it is a great option for investors that are looking for mining sector exposure. This is due to its “compelling valuation” and “return to production growth in 2023.”

The broker expects the latter to underpin fully franked dividends per share of US$5.39 in FY 2023 and then US$4.76 in FY 2024. Based on current exchange rates and the latest Rio Tinto share price of $123.19, this will mean yields of 6.5% and 5.8%, respectively.

Goldman Sachs has a buy rating and lifting its price target to $138.30.

The post 2 ASX 200 dividend shares to buy now: brokers appeared first on The Motley Fool Australia.

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More reading

• The latest Rio Tinto dividend is being paid today. Here’s what you need to know
• Why are ASX 200 mining shares like Fortescue smashing the index today?
• Here’s how much I would need to invest in Rio Tinto shares to generate a $100 monthly income
• Leading brokers name 3 ASX shares to buy today
• Lithium, iron ore, and copper: Experts say these ASX 200 mining shares are buys

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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