Insights

2 blue chip ASX 200 dividend shares named as buys

These blue chip ASX 200 dividend shares could be in the buy zone…
The post 2 blue chip ASX 200 dividend shares named as buys appeared first on The Motley Fool Australia. –

If you’re looking to add some blue chip ASX 200 dividend shares to your portfolio, then the two listed below might be ones to consider.

Here’s what you need to know about them:

Coles Group Ltd (ASX: COL)

The first blue chip ASX 200 dividend share to consider buying is Coles. It is of course one of the big two supermarket operators. In addition to its 800+ supermarkets, the company has a network of over 900 liquor retail stores and over 700 Coles express stores.

Coles has been growing at a solid rate for decades and shows no signs of stopping any time soon. Particularly given its Refresh Strategy, which is aiming to leverage technology to cut costs and boost its online sales.

Part of this strategy has seen the company invest almost $1 billion in a couple of fully automated distribution centres. These centres will be the key to supply chain optimisation and are expected to be operational in 2023.

In the meantime, Goldman Sachs believes the company is well-placed to grow both its earnings and dividends. In respect to the latter, the broker has pencilled in dividends per share of 62 cents in FY 2021, 67 cents in FY 2022, and 73 cents in FY 2023.

Based on the latest Coles share price of $18.40, this will mean fully franked yields of 3.35%, 3.6%, and 4%, respectively.

Goldman has a buy rating and $19.40 price target on its shares.

Westpac Banking Corp (ASX: WBC)

Another blue chip ASX 200 dividend share to consider is banking giant Westpac.

Australia’s oldest bank could be a top option for income investors due to its improved performance and its increasing positive outlook. The latter is being underpinned by favourable trading conditions and its very strong capital position.

Goldman Sachs is also a fan of Westpac. It currently has a buy rating and $29.03 price target on its shares.

Over the next three financial years, its analysts are forecasting fully franked dividends per share of $1.16, $1.23, and $1.32, respectively.

Based on the latest Westpac share price of $26.16, this will mean yields of 4.4%, 4.7%, and 5%.

The post 2 blue chip ASX 200 dividend shares named as buys appeared first on The Motley Fool Australia.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a brand-new FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Returns As of 15th February 2021

More reading

It’s been a good month so far for the Westpac (ASX:WBC) share price
2 buy-rated ASX dividend shares with very attractive yields

Should you buy Coles (ASX:COL) shares in August for the dividend yield?
Westpac (ASX:WBC) share price lags the big banks’ after NZ ‘formal warning’
Is now a good time to buy Bendigo and Adelaide Bank (ASX:BEN) shares?

Motley Fool contributor James Mickleboro owns shares of Westpac Banking Corporation. 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!