If you're an income investor looking for dividends to boost your income, then you may want to consider the ASX shares listed below.
Both of these ASX 200 dividend stocks have been rated as buys and tipped to provide investors with attractive yields in the coming years. Here's what you need to know about these shares:
Stockland Corporation Ltd (ASX: SGP)
The first ASX 200 dividend stock that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.
Citi remains positive on the company's outlook. Particularly given its belief that property prices won't fall as much as feared. In light of this and "a recovering resi backdrop", its analysts "prefer SGP over MGR."
As for dividends, the broker expects dividends per share of 27 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.12, this will mean sizeable yields of 6.55% in both financial years.
Citi currently has a buy rating and $4.70 price target on its shares.
Suncorp Group Ltd (ASX: SUN)
Another ASX 200 dividend stock that has been tipped as a buy is Suncorp. It is one of Australia's leading insurance and banking companies.
Morgans is a fan of the company due to its efficiency program, attractive valuation, and generous yield. It commented that "[w]ith SUN trading on 11.5x FY24F earnings and a 6% dividend yield, we see it as reasonable value at current levels."
At present, the broker is forecasting fully franked dividends per share of 77.7 cents in FY 2023 and 87.8 cents in FY 2024. Based on the current Suncorp share price of $12.99, this will mean yields of 6% and 6.75%, respectively.
Morgans currently has an add rating and $14.44 price target on its shares.
