Analysts name 2 blue chip ASX 200 dividend shares to buy

These ASX 200 dividend shares could be buys…
The post Analysts name 2 blue chip ASX 200 dividend shares to buy appeared first on The Motley Fool Australia. –

If you’re looking to bolster your income portfolio with some blue chip ASX 200 dividend shares, then you may want to check out the ones listed below.

Here’s why analysts rate these dividend shares as buys:

Telstra Corporation Ltd (ASX: TLS)

The first ASX 200 dividend share that could be in the buy zone is Telstra.

After a decade of struggles, the telco giant is back and has solid and sustainable growth in its sights. This is being underpinned by the successful execution of its transformative T22 strategy and the impending growth-focused T25 strategy.

The team at Morgans has been pleased with its turnaround and saw a lot to like in the telco giant’s half year results in February.

It commented: “TLS’s 1H22 result showed the second consecutive half of underlying growth, with underlying EBITDA up 5%, underlying EPS up substantially and the DPS flat yoy. Mobile was the star performer. Performance is tracking in the right direction and FY22 guidance was re-iterated.”

Morgans has an add rating and $4.56 price target on its shares and expects fully franked dividends per share of 16 cents in FY 2022 and FY 2023. Based on the current Telstra share price of $3.98, this will mean yields of 4%.

Woolworths Group Ltd (ASX: WOW)

Another ASX 200 dividend share that could be in the buy zone is this retail giant.

Woolworths has just released its third-quarter update, which went down well with the team at Goldman Sachs. In response, the broker has retained its buy rating and lifted its price target to $41.70.

Goldman commented: “WOW reported 3Q22 sales +9.7% YoY and slightly ahead of GSe (+2.6%) and Visible Alpha Consensus Data (+0.6%).

“Management noted that WOW gained market share both from value and volume perspective during the quarter. Additionally, outlook commentary on the investor call was cautiously optimistic, with a good 4Q start to strong Easter trading and DC service levels are expected to recover to 95% by end 4Q22.”

As for dividends, Goldman Sachs is forecasting fully franked dividends per share of 96 cents in FY 2022 and $1.18 in FY 2023. Based on the current Woolworths share price of $38.25, this will mean yields of 2.5% and 3.1%, respectively.

The post Analysts name 2 blue chip 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 over ten 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 January 12th 2022

More reading

5 things to watch on the ASX 200 on Wednesday
Why did the Telstra share price beat the ASX 200 in April?
Here’s how some of the biggest ASX 200 shares are responding to the RBA’s rate rise
Here are the 3 most heavily traded ASX 200 shares on Tuesday
Rates are up! Expert names 2 ASX shares for a global downturn

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 positions in 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 Scott Phillips.

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.

  • This field is for validation purposes and should be left unchanged.

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 - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US & HK* Trades. Click Here!