If you’re looking for ASX 200 dividend shares to buy, then you may want to check out the two listed below that Citi rates as buys.

Here’s why the broker says these are top options for income investors:

Charter Hall Retail REIT (ASX: CQR)

The first ASX 200 dividend share that Citi rates as a buy is Charter Hall Retail. It is a supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.

Citi highlights that the company has “defensive net property income growth despite rising interest rate profile.” It also like that “CQR’s convenience retail and convenience long WALE portfolio is effective at passing through higher inflation.”

The broker currently has a buy rating and $4.50 price target on its shares.

As for dividends, Citi is expecting the company to pay dividends of 26 cents per share in both FY 2023 and FY 2024. Based on the current Charter Hall Retail share price of $3.77, this will mean very generous 6.9% yields for investors.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend share that Citi has tipped as a buy is Super Retail. It is the retailer behind brands such as Rebel and Super Cheap Auto.

The broker currently has a buy rating and $14.50 price target on its shares.

Citi believes that “management’s continued investment in growing (e.g. rCX) and improving the business (e.g. analytics capability) together with the net cash balance sheet put it in good shape to navigate a more difficult consumer environment.”

In respect to dividends, the broker is forecasting fully franked dividends per share of 78 cents in FY 2023 and 72 cents in FY 2024. Based on the latest Super Retail share price of $13.31, this will mean yields of 5.85% and 5.4%, respectively.

The post Why Citi says these ASX 200 dividend shares are buys appeared first on The Motley Fool Australia.

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More reading

• Here are the ASX 200 dividend shares to buy: analysts
• Are these ASX All Ords shares ready to buy at fundamentally fire sale prices?
• 5 things to watch on the ASX 200 on Friday
• I’m looking for once-in-a-decade opportunities in the stock market recovery
• ‘Attractive valuations’: 2 ASX shares to buy now before they explode

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 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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