2 ASX 200 dividend shares that could be strong buys this month

If you’re on the lookout for above-average dividend yields, then look no further.

Listed below are two ASX 200 dividend shares that have been named as buys and tipped to offer generous yields.

Here’s what you need to know:

QBE Insurance Group Ltd (ASX: QBE)

Goldman Sachs is a big fan of QBE and sees it as an ASX 200 dividend share to buy now.

QBE was formed in Townsville back in 1886 and is now an international insurer and reinsurer with a local presence in 27 countries.

Clearly, QBE has been through many cycles during its time. And right now, Goldman Sachs thinks the company is going through a very positive point in its current cycle thanks to premium increases.

It expects this to support the payment of dividends per share of 62 US cents in FY 2024 and 61 US cents in FY 2025. This equates to dividend yields of 5.5% and 5.45%, respectively.

The broker also sees room for its shares to continue climbing. It has a buy rating and $18.52 price target on them.

Transurban Group (ASX: TCL)

Another ASX 200 dividend share that could be a buy this month is toll road operator Transurban.

It operates 22 roads in Australia and North America, including CityLink, Cross City Tunnel, and the East Distributor. It also has four projects currently in development or delivery.

Due to population growth and urbanisation, Transurban has been tipped to continue its growth long into the future.

The team at Citi expects this to underpin the payment of dividends per share of 63 cents in FY 2024, 65 cents in FY 2025, and 68 cents in FY 2026. Based on the current Transurban share price of $13.36, this will mean yields of 4.7%, 4.85%, and 5.1%, respectively.

Citi has a buy rating and $15.60 price target on its shares.

The post 2 ASX 200 dividend shares that could be strong buys this month appeared first on The Motley Fool Australia.

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• Key takeouts for ASX shares this earnings season: CBA analysis
• 3 all-star ASX dividend stocks I’d own in retirement to combat falling interest rates
• It’s not too late to buy these 2 rocketing ASX 200 stocks
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• 5 ASX 200 shares that boosted their dividends this earnings season

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 Goldman Sachs Group and Transurban Group. 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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