Insights

Experts name 2 ASX 200 dividend giants to buy

Here are two dividend giants experts rate as buys…
The post Experts name 2 ASX 200 dividend giants to buy appeared first on The Motley Fool Australia. –

If you’re looking to boost your income with some dividend shares, then the two listed below could be worth considering.

Analysts have recently named these ASX 200 dividend giants as buys. Here’s what you need to know about them:

BHP Group Ltd (ASX: BHP)

BHP could be an ASX 200 dividend share to buy if you’re not averse to investing in the resources sector.

It is of course one of the world’s largest mining companies with a collection of world class operations across a number of commodities and geographies.

The team at Citi are very positive on BHP and have previously highlighted the significant free cash flow it is generating from its operations.

It expects this free cash to underpin fully franked dividends per share of $4.32 in FY 2022 and then $3.77 in FY 2023. Based on the current BHP share price of $38.68, this implies yields of 11.1% and 9.7%, respectively.

Citi also sees decent upside for the Big Australian’s shares. It currently has a buy rating and $44.50 price target on them.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share that could be a quality option for income investors is banking giant Westpac.

That’s the view of the team at Morgan Stanley which retained its outperform rating and $22.30 price target on the bank’s shares last week.

And while this price target means only minimal upside for the shares of Australia’s oldest bank, it doesn’t stop the dividends from being any less attractive.

Morgan Stanley is expecting Westpac to pay fully franked dividends per share of $1.25 in FY 2022 and $1.30 in FY 2023. Based on the current Westpac share price of $21.51, this will mean yields of 5.8% and 6%, respectively, over the next two years.

The post Experts name 2 ASX 200 dividend giants 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

See The 5 Stocks
*Returns as of July 7 2022

setButtonColorDefaults(“#43B02A”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#43B02A”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()

More reading

5 things to watch on the ASX 200 on Monday
‘Raises a whole lot of issues’: Which ASX 200 banks are still funding new fossil fuel projects?
Guess which ASX 200 bank has been revealed as the world’s longest dividend-paying share
Why is the BHP share price gaining ground today?
Why this ASX investment company dumped NAB for Westpac shares

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Westpac Banking Corporation. 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

Rebate Rewards

Level 2 Rebate

Deposit $2,000 and get $200 Rebate
$ 200 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $2,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $200 Rebate
Popular

Level 1 Rebate

Deposit $1,000 and get $100 Rebate
$ 100 Rebate
  • 3 Simple Steps
  • 1. Register Using The Link Below (Promo-Code: WEBREBATE)
  • 2. Deposit $1,000 and place one trade at any non-Austalian market within 30 calendar days
  • 3. Receive Your $100 Rebate

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, 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.

EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here To Get Started
EASY QUALIFICATION & LOW ENTRY
NEW CLIENT REBATE OFFER
EARN UP TO $200 CASH REBATE
Act Fast - Promotion Ends In
Click Here For More Info