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Analysts name 2 top ASX 200 dividend shares to buy right now

Here are a couple of top dividend shares that could be buys…
The post Analysts name 2 top ASX 200 dividend shares to buy right now appeared first on The Motley Fool Australia. –

If you’re looking to boost your income portfolio in June, then you may want to look at the shares listed below.

Here’s why these ASX dividend shares could be worth considering right now:

Bank of Queensland Limited (ASX: BOQ)

The first ASX dividend share that could be a top option for income investors is big four challenger Bank of Queensland.

This regional bank has been tipped as a buy by analysts at Morgans with an $11.00 price target. This is due to the early success of its transformation program, its above-system growth, and cost synergies from the recent ME Bank acquisition.

As well as decent upside, Morgans is expecting the bank’s shares to provide investors with big dividends in the coming years.

The broker is forecasting fully franked dividends per share of 49 cents in FY 2022 and then 54 cents per share in FY 2023. Based on the current Bank of Queensland share price of $7.51, this will mean yields of 6.5% and 7.2%, respectively.

Telstra Corporation Ltd (ASX: TLS)

Another ASX dividend share that has been rated as a buy is Telstra.

This is due to optimism over the telco giant’s outlook thanks to the successful execution of its transformative T22 strategy and the upcoming growth focused T25 strategy.

Telstra is expecting the latter to support mid-single digit underlying EBITDA and high-teens underlying earnings per share compound annual growth rates (CAGR) from FY21 to FY25.

Ord Minnett is positive on the company and recently put a buy rating and $4.85 price target on the company’s shares. The broker believes that the company is well-placed to achieve the aforementioned growth targets thanks partly to the recently announced mobile plan increases.

The broker continues to expect the telco to pay fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this implies yields of 4.1%.

The post Analysts name 2 top ASX 200 dividend shares to buy right now appeared first on The Motley Fool Australia.

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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.

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More reading

What’s the outlook for the Telstra share price in June?
Is the Telstra share price in the buy zone after the telco giant’s mobile plan increases?
Why did the Bank of Queensland share price fall 7% in May?
What’s dragging on ASX 200 bank shares like NAB on Thursday?
Here are the top 10 ASX shares today

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.

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