Looking for some ASX 200 dividend shares for an income portfolio in September? If you are, then it could be worth checking out the two listed below.
These have been named as buys and tipped to offer attractive dividend yields in the coming years. Here's what you need to know about them:
Charter Hall Group (ASX: CHC)
The first ASX 200 dividend share that could be a buy for income investors in September is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
Citi is positive on the company. And while it sees some risks ahead, the broker feels that this is more than priced in. The broker commented:
There are some risks, but we do see the stock as cheap at these levels, especially given a strong portfolio and management track record, with the potential for stability in rates to kick-start market transaction activity and FUM growth.
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 $10.78, this will mean yields of 4.2% and 4.4%, respectively.
Citi has a buy rating and a $14 price target on its shares. It commented:
Westpac Banking Corp (ASX: WBC)
Another ASX 200 dividend share that could be a buy in September is Westpac.
Morgans believes that Australia's oldest bank would be a top option in the sector. Particularly given the pullback in its share price this year. It explains:
The share price performance is disappointing for existing WBC investors. However, for a new investor we think the current price offers potential returns of c.19% [now 12%] (including c.7% cash yield) even after allowing for the reduced target price.
As for income, Morgans expects Westpac to pay fully franked dividends per share of $1.46 in FY 2023 and $1.47 in FY 2024. Based on the current Westpac share price of $21.72, this will mean yields of 6.7% and 6.75%, respectively.
Its analysts have an add rating and a $23.02 price target on the bank's shares.
