Analysts name 2 ASX 200 dividend shares to buy and hold for a decade

A man points at a paper as he holds an alarm clock.

A man points at a paper as he holds an alarm clock.

Do you want a long term passive income boost? If you do, then the ASX 200 dividend shares listed below that analysts rate as a buy could be the way to do it.

Here’s why these could be dividend shares to buy now:

Domino’s Pizza Enterprises Ltd (ASX: DMP)

The first ASX 200 dividend share for investors to consider for the long term is Domino’s.

This pizza chain operator’s shares have been sold off this year after tough trading conditions and inflationary pressures weighed on its performance.

While this is disappointing, Morgans remains positive on the company despite its troubles. In fact, it recently said that it believes that “now is the best time to consider an investment in a quality business like DMP that is facing headwinds that will reverse in time.”

And while the company’s dividend yield is lower than average, it has the potential to increase materially in the future thanks to management’s plan to double its store network.

For now, the broker is forecasting partially franked dividends per share of $1.36 in FY 2023 and $1.62 in FY 2024. Based on the current Domino’s share price of $51.30, this will mean yields of 2.65% and 3.15%, respectively.

Morgans has an add rating and an $70.00 price target on the company’s shares.

Transurban Group (ASX: TCL)

Another ASX 200 dividend share that could be a top buy and hold option for income investors is Transurban.

It is one of the world’s leading toll road operators and the proud owner of a world-class collection of roads across several locations.

While times were hard during the pandemic, its roads have recovered so strongly that it achieved record volumes during the first half. Combined with its development pipeline and inflation-linked price increases, the future looks very bright for Transurban.

That may be why UBS is bullish on the company and has a buy rating and $15.45 price target on its shares.

In addition, the broker is forecasting dividends per share of 57 cents in FY 2023 and then 61 cents in FY 2024. Based on the current Transurban share price of $14.73, this will mean yields of 3.9% and 4.15%, respectively.

The post Analysts name 2 ASX 200 dividend shares to buy and hold for a decade appeared first on The Motley Fool Australia.

Looking to buy dividend shares to help fight inflation?

If you’re looking to buy dividend shares to help fight inflation then you’ll need to get your hands on this… Our FREE report revealing 3 stocks not only boasting inflation-fighting dividends…

They also have strong potential for massive long-term returns…

See the 3 stocks
*Returns as of April 3 2023

(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

Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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/Ac3EGjB

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s