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2 quality ASX 200 dividend shares with attractive fully franked yields

The ASX 200 shares have attractive yields…
The post 2 quality ASX 200 dividend shares with attractive fully franked yields appeared first on The Motley Fool Australia. –

If you’re building an income portfolio, then you may want to look at the ASX shares listed below.

Both ASX dividend shares offer attractive yields and have been named as buys by analysts. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

The first ASX 200 dividend share to consider buying is this mining giant. BHP has a collection of world class operations across a number of regions and commodities.

The latter includes Petroleum, Potash, Copper, Iron ore, Coal and Nickel. Though, the company is in the process of spinning out its petroleum assets via a merger with Woodside Petroleum Limited (ASX: WPL).

Based on current commodity prices, BHP looks well-placed to generate strong free cash flows again in FY 2022. This is expected to lead to generous dividend payments in the near future.

Morgans, for example, is forecasting fully franked dividends of $3.40 per share in FY 2022 and $2.44 per share in FY 2023. Based on the current BHP share price of $42.38, this will mean yields of 8% and 5.75%, respectively.

Its analysts have an add rating and $45.70 price target on the company’s shares.

Telstra Corporation Ltd (ASX: TLS)

Another ASX 200 dividend share to consider is this telco giant.

Thanks to the success of its T22 strategy and the very promising T25 strategy that will replace it this year, Telstra looks well-placed for growth at long last.

The team at Goldman Sachs believe this will be the case and are even pencilling in dividend increases in the near future. Goldman expects 16 cents per share dividend for FY 2022 and FY 2023 before an increase to 18 cents per share in FY 2024 and then 19 cents per share in FY 2025.

Based on the current Telstra share price of $4.21, this will mean fully franked yields of 3.8% and then 4.3% and 4.5%, respectively.

Goldman has a buy rating and $4.40 price target on its shares.

The post 2 quality ASX 200 dividend shares with attractive fully franked yields appeared first on The Motley Fool Australia.

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More reading

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5 things to watch on the ASX 200 on Tuesday

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 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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