Brokers name 4 ASX 200 dividend shares to buy

These stocks could be top options for income investors. Let's see what brokers are forecasting.

| More on:
Middle age caucasian man smiling confident drinking coffee at home.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you're looking for a dividend boost, then it could be worth checking out the ASX 200 dividend shares listed below.

They have all recently been named as buys and tipped to provide investors with attractive dividend yields.

Here's what you need to know about these income options:

Charter Hall Group (ASX: CHC)

Analysts at Macquarie think Charter Hall could be an ASX 200 dividend share to buy. It is a property fund manager and developer across the office, retail, industrial and residential sectors.

Macquarie currently has an outperform rating and $15.54 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $11.81, this will mean yields of 3.8% and 4.1%, respectively.

Coles Group Ltd (ASX: COL)

The team at Morgans thinks that this supermarket giant could be a quality ASX 200 dividend share to buy right now.

The broker currently has an add rating and $18.95 price target on its shares.

In respect to income, it is expecting Coles to pay fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $16.11, this implies yields of approximately 4.1% and 4.3%, respectively.

Deterra Royalties Ltd (ASX: DRR)

Morgan Stanley thinks that Deterra Royalties could be an ASX 200 dividend share to buy. It is a company focused on the management and growth of a portfolio of mining royalty assets.

The broker has an overweight rating and $5.60 price target on its shares.

As for dividends, Morgan Stanley is forecasting Deterra Royalties to provide some very big dividend yields in the near term. It is forecasting fully franked dividends per share of 32.7 cents in FY 2024 and 39 cents in FY 2025. Based on the current Deterra Royalties share price of $4.88, this will mean yields of 6.7% and 8%, respectively.

Transurban Group (ASX: TCL)

Finally, analysts at Citi think income investors should buy toll road giant Transurban.

The broker has a buy rating and $15.50 price target on its shares.

As for income, its analysts are expecting dividends per share of 63.6 cents in FY 2024 and 65.1 cents in FY 2025. Based on the current Transurban share price of $12.55, this will mean yields of 5.1% and 5.2%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 positions in and has recommended Macquarie Group and Transurban Group. The Motley Fool Australia has positions in and has recommended Coles Group and Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

Buy these ASX dividend shares with 5% and 7% yields

Looking for big yields? Analysts think investors should buy these shares.

Read more »

Happy man working on his laptop.
Dividend Investing

Forget Westpac shares and buy these ASX income stocks

Analysts think these stocks could be great alternatives to the banking giant.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Dividend Investing

2 of the best ASX dividend shares to buy in June

Bell Potter has these stocks on its favoured list for the month ahead.

Read more »

Two male ASX investors and executives wearing dark coloured suits sit at a table holding their mobile phones discussing the highest trading ASX 200 shares today
Dividend Investing

Telstra and these ASX 200 income stocks could be top buys this month

Income investors might want to check out these stocks that analysts rate as buys.

Read more »

A man wearing only boardshorts stretches back on a deck chair with his arms behind his head and a hat pulled down over his face amid an idyllic beach background.
How to invest

How to earn $1,900 in passive income with just $10,000 in savings

I think the ASX offers some world beating opportunities for passive income investors.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

4 top quality ASX dividend shares to buy in June

Brokers think these dividend shares are in the buy zone this month. What sort of yields could be coming?

Read more »

An Australian farmer wearing a beaten-up akubra hat and work shirt leans on a fence with livestock in the background and a blue sky above.
Dividend Investing

1 incredible ASX dividend stock to buy now and hold forever

I’ve been buying shares of this excellent passive income payer.

Read more »

A man looking at his laptop and thinking.
Dividend Investing

Are CBA shares losing their passive income credentials?

CBA shares have long been favoured by passive income investors.

Read more »