Brokers name 2 ASX 200 dividend shares to buy with big fully franked yields

Looking for dividend shares to buy next week? Then have a look at the ones listed below that have been given buy ratings and tipped to pay big dividends.

Here’s what you need to know about these ASX 200 dividend shares:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share for income investors to look at is mining giant BHP.

Thanks to strong commodity prices, BHP’s world class portfolio of operations across the world are collectively generating significant free cash flow. Pleasingly, the majority of this free cash flow is likely to be returned to shareholders in the form of dividends or buybacks.

Citi is a fan of BHP and has a buy rating and $50.00 price target on its shares.

Its analysts expect BHP to pay fully franked dividends per share of ~$4.76 in FY 2022 and then ~$4.42 in FY 2023. Based on the current BHP share price of $46.22, this implies yields of 10.3% and 9.6%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy for income investors is Telstra.

Especially given its much-improved outlook, which has the company targeting mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY 2021 to FY 2025.

Morgans is positive on the company and currently has an add rating and $4.56 price target on its shares. The broker believes “sector dynamics look positive and value realisation is possible.”

Its analysts continue to expect the telco to pay fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.80, this implies yields of 4.2%.

The post Brokers name 2 ASX 200 dividend shares to buy with big fully franked yields appeared first on The Motley Fool Australia.

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More reading

• Is the BHP share price really trading on an 11% dividend yield right now?
• Are Telstra shares still ASX dividend heavyweights?
• Here are the 3 most traded ASX 200 shares on Thursday
• Broker tips 2 ASX 200 dividend shares with major upside AND juicy yields
• How is the BHP share price performing so far in June?

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 positions in and has recommended Telstra Corporation Limited. 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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