Fortunately for income investors, there are plenty of dividend stocks to choose from on the ASX 200.
Two that have recently been rated as buys are named below. Here's why analysts think these ASX 200 dividend stocks are top options for income investors:
Rio Tinto Ltd (ASX: RIO)
The first ASX 200 dividend stock that could be a buy is Rio Tinto.
This mining giant produces the metals and minerals found everywhere in everyday life. This includes aluminium for cars, copper for renewable energy technologies, iron ore for steel, and lithium for electric vehicles.
Goldman Sachs thinks its shares are in the buy zone, noting its "compelling relative valuation." The broker currently has a buy rating and a $126.90 price target on the miner's shares.
As for income, Goldman is expecting fully franked dividends per share of US$3.49 (A$5.44) in FY 2023 and then US$4.05 (A$6.32) in FY 2024. Based on the latest Rio Tinto share price of $104.82, this will mean dividend yields of 5.2% and 6%, respectively.
Transurban Group (ASX: TCL)
Another ASX 200 dividend stock that could be a buy for income investors this week is Transurban.
It is a leading toll road operator that builds and operates important roads in Melbourne, Sydney and Brisbane, as well as in Greater Washington, United States and Montreal, Canada.
Citi is feeling positive about the company and its outlook. In respect to the latter, the broker expects a "strong EBITDA growth outlook (c.12% CAGR between Fy24-FY26)." As a result, it currently has a buy rating and a $15.90 price target on its shares.
The broker is also forecasting dividends per share of 63 cents in FY 2024 and then 65 cents in FY 2025. Based on the current Transurban share price of $13.18, this will mean yields of 4.8% and 4.9%, respectively.
