If you're an income investor on the lookout for new portfolio additions, then take a look at the ASX 200 dividend shares listed below.
They have recently been named as buys and tipped to provide generous dividend yields. Here's what you need to know:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 200 dividend share that has been named as a buy is Aurizon. It is Australia's largest rail freight operator, transporting more than 250 million tonnes of Australian commodities each year.
Macquarie sees the company as a top option for investors right now. It has an outperform rating and $4.04 price target on its shares.
As for dividends, the broker is forecasting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.60, this will mean yields of 5.1% and 7%, respectively.
Super Retail Group Ltd (ASX: SUL)
Another ASX 200 dividend share that has been named as a buy is retailer Super Retail. It owns a collection of popular brands such as Rebel and Super Cheap Auto.
Morgans is positive on the retailer, particularly after it delivered "better than expected margins" in FY 2023. This helped drive stronger-than-expected profits and has led to the broker boosting its forecasts for the coming years. Morgans has an add rating and a $15 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends per share of 89 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $11.75, this will mean generous yields of 7.6% and 6.2%, respectively.
Westpac Banking Corp (ASX: WBC)
A final ASX 200 dividend share that could be a buy is Westpac. That's the view of analysts at Morgans, which continue to see a lot of value in the banking giant's shares at the current level.
Its analysts have put an add rating and price target of $23.02 on its shares. This implies a potential upside of 9% from current levels.
As for dividends, the broker has pencilled in fully franked dividends of $1.46 per share in FY 2023 and then $1.47 per share in FY 2024. Based on the current Westpac share price of $21.17, this will mean ~6.9% yields in both years.
