Analysts name 2 ASX 200 dividend shares to buy

Investors looking for income options might want to check out the two ASX 200 dividend shares listed below.

Both of these shares have just been tipped as buys with attractive forecast dividend yields. Here’s what analysts are saying about them:

Bank of Queensland Limited (ASX: BOQ)

The first ASX 200 dividend share that has been tipped as a buy is Bank of Queensland.

This big four bank challenger is the owner of a number of banking brands including the eponymous Bank of Queensland, ME Bank, and Virgin Money Australia.

The team at Citi is positive on Bank of Queensland. Although its analysts suspect that the bank’s revenue growth could slow if rising rates impact lending volumes, it expects cost synergies from the ME Bank acquisition to support earnings and dividend growth.

In respect to the latter, the broker is forecasting fully franked dividends per share of 46 cents in FY 2022 and then 50 cents per share in FY 2023. Based on the current Bank of Queensland share price of $6.99, this will mean yields of 6.6% and 7.15%, respectively.

Citi has a buy rating and $8.75 price target on the bank’s shares.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX 200 dividend share that has been tipped as a buy is insurance giant QBE.

It provides a broad range of insurance products to personal, business, corporate and institutional customers. This includes everything from car and home insurance, to tailored business packages and specialist cover for industries such as aviation and farming.

Morgans is positive on the company and believes that its earnings profile will improve materially in the coming years. This is thanks to strong rate increases still flowing through QBE’s insurance book, investment yields improving, and further cost-out benefits.

As for dividends, its analysts are expecting a 41.5 cents per share dividend in FY 2022 and then a 76.5 cents per share dividend in FY 2023. Based on the latest QBE share price of $12.51, this equates to yields of 3.3% and 6.1%, respectively

Morgans has an add rating and $14.93 price target on its shares.

The post Analysts name 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• ‘Sweet spot’: Citi names 2 ASX 200 shares that are ‘inexpensive’ right now
• Here’s what a top broker is saying about the Bank of Queensland share price
• Savings or dividends? What these 3 ASX bank shares are offering for income
• Here are the top 10 ASX 200 shares today
• Top brokers name 3 ASX shares to buy today

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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