2 highly rated ASX 200 dividend shares with good yields

These dividend shares offer good yields…
The post 2 highly rated ASX 200 dividend shares with good yields appeared first on The Motley Fool Australia. –

If you’re wanting to overcome low interest rates, then you may want to look at the dividend shares listed below.

Both shares are expected to provide investors with generous yields in the coming years. Here’s what you need to know about these dividend shares:

South32 Ltd (ASX: S32)

The first ASX 200 dividend share to look at is South32. It is a diversified miner with operations spanning commodities such as alumina, aluminium, energy coal, metallurgical coal, manganese ore, nickel, silver, lead, and zinc.

The commodity that is expected to be the key driver of its growth in the coming years is aluminium. This is due to expectations for a significant deficit, which Goldman Sachs expects to lead to a strong rise in prices. In fact, the broker believes aluminium is in the early stages of a multi-year bull market.

Goldman is forecasting dividends per share of 6.9 US cents in FY 2021 and then 22.1 US cents in FY 2022. Based on the latest South32 share price of $2.98, this will mean yields of ~3.1% and ~10%, respectively, over the next two years.

The broker has a conviction buy rating and $3.80 price target on its shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share to look at is Telstra. While its shares have been on fire in 2021 due to its improving outlook, it may not be too late to invest.

According to a note out of Morgans from last week, its analysts have retained their add rating and lifted their price target on its shares to $4.34. The broker was pleased with Telstra’s first “clean” full year result in years and its earnings growth outlook.

Morgans continues to forecast fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.96, this will mean yields of 4%.

The post 2 highly rated ASX 200 dividend shares with good yields appeared first on The Motley Fool Australia.

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More reading

Here are 3 ASX 200 share investors can’t leave alone today

ASX 200 Weekly Wrap: New records just keep coming for the ASX 200

2 top ASX 200 dividend shares with very attractive yields

Top brokers name 3 ASX shares to buy next week

Brokers rate these ASX dividend shares as buys

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 Telstra Corporation Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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