Analysts rate these dividend shares highly…
The post 2 buy-rated ASX 200 dividend shares with attractive yields appeared first on The Motley Fool Australia. –
Are you interested in making some additions to your income portfolio? if you are, then below are two options to consider.
Here’s why these ASX 200 dividend shares have been rated as buys:
Australia and New Zealand Banking GrpLtd (ASX: ANZ)
The first ASX 200 dividend share to consider is ANZ. It could be a top option due to the increasingly positive outlook for the big four banks. This is being driven by improving trading conditions and cost reductions.
For example, during the first half of FY 2021, ANZ reported a statutory profit after tax of $2,943 million and cash earnings from continuing operations of $2,990 million. This was up 45% and 28%, respectively, on the second half of FY 2020. More of the same is expected with its third quarter update next month.
Analysts at Morgans are positive on the company and have an add rating and $34.50 price target on its shares.
As for dividends, the broker is forecasting fully franked dividends of $1.45 per share in FY 2021 and then $1.65 per share in FY 2022. Based on the latest ANZ share price of $27.75, this represents yields of 5.2% and 5.9%, respectively.
Sonic Healthcare Limited (ASX: SHL)
Another ASX 200 dividend share to look at is Sonic Healthcare. It is one of the world’s leading healthcare providers, with operations in Australasia, Europe and North America.
Sonic has been a very strong performer in FY 2021. This has been driven by growth across the business, but particularly from its COVID-19 testing business. And with the Delta strain proving hard to control, testing volumes look likely to remain elevated for some time to come. This bodes well for its performance in FY 2022.
Analysts at Credit Suisse expect its growth to continue. In light of this, last week the broker retained its outperform rating and lifted its price target to $43.50.
Credit Suisse is also forecasting partially franked dividends per share of 99 cents in FY 2021 and then 102 cents in FY 2022. Based on the latest Sonic share price of $40.22, this implies potential yields of 2.45% and 2.55%, respectively, over the next couple of years.
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Returns As of 15th February 2021
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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 recommended Sonic Healthcare Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.