Insights

2 ASX 200 dividend shares to buy

These ASX 200 dividend shares could be in the buy zone…
The post 2 ASX 200 dividend shares to buy appeared first on The Motley Fool Australia. –

If you’re looking to boost your income portfolio with some dividend shares, then you may want to look at the ones listed below.

Here’s why these ASX 200 dividend shares are rated as buys:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend share to look at is Coles. Over a century after opening its first store in Collingwood, Coles has grown to become one of the big two supermarket operators with over 800 supermarkets. In addition, it has over 900 liquor retail stores and over 700 Coles express stores.

But it isn’t resting on its laurels. As well as growing its network further, the company is aiming to make its operations more efficient. This is through cost cutting and its focus on automation with Ocado.

Citi is a fan of the company and recently upgraded its shares to a buy rating with a $19.60 price target. It is also forecasting fully franked dividends per share of 64.5 cents in FY 2022 and 71.5 cents in FY 2023.

Based on the current Coles share price of $18.01, this implies yields of 3.6% and 4%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share for income investors to consider is NAB. While this banking giant’s shares may not have pulled back this month like some of the other big four banks’ shares have, they are still being tipped to provide strong total returns for investors in the coming years.

For example, the team at Bell Potter currently has a buy rating and $32.00 price target on the bank’s shares. Bell Potter was impressed with the company’s performance in FY 2021 and expects further growth in the next couple of financial years.

For example, the broker has pencilled in dividends per share of 132.5 cents in FY 2022 and then 134.5 cents in FY 2023. Based on the current NAB share price of $28.57, this equates to fully franked yields of 4.6% and 4.7%, respectively.

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

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for more than eight years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of August 16th 2021

More reading

3 ASX shares Goldman Sachs rates as conviction buys

Why is the NAB (ASX:NAB) share price outperforming the other big banks over the past month?

What’s going wrong for ASX 200 bank shares on Wednesday?

Macquarie warns the next ASX market downturn could come as soon as February

ASX 200 (ASX:XJO) midday update: Incitec Pivot and Mesoblast jump, NAB drops

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 owns shares of and has recommended COLESGROUP DEF SET. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;


To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.


An active and funded account with a positive trading balance is required to continue to have access to the tools;


Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;


Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!