If you're an income investor on the lookout for dividends, then you may want to consider the two ASX shares listed below.
Both ASX 200 dividend shares have been rated as buys and tipped to provide investors with attractive yields.
Here's what you need to know about these shares:
Charter Hall Group (ASX: CHC)
The first ASX 200 dividend share that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
The team at Citi remains positive on the company due to its attractive valuation, which it feels offsets some risks. It said:
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 cents in FY 2024 and 48 cents in FY 2025. Based on the current Charter Hall share price of $10.25, this will mean yields of 4.4% and 4.7%, respectively.
Citi has a buy rating and a $14 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
Another ASX 200 dividend share that could be a buy is Super Retail. It is the retail group behind popular brands such as Macpac, Rebel, and Super Cheap Auto.
Goldman Sachs is feeling very positive on the retailer and believes investors should be buying its shares ahead of fellow discretionary retailer Premier Investments Limited (ASX: PMV). This is due to the resilience of its offering and its wide-reaching loyalty program. It explains:
We continue to prefer SUL (Buy) over PMV (Sell). This is premised on 1) auto and outdoor categories are likely to be more resilient in demand vs mass-market apparel and cyclical normalization of sleepwear; and 2) precision execution leveraging consumer data to become more important, and SUL had this advantage given >70pct of its sales comes from members.
Goldman is expecting this to support fully franked dividends per share of 62 cents in FY 2024 and then 64 cents in FY 2025. Based on the current Super Retail share price of $12.19, this will mean yields of 5% and 5.1%, respectively.
The broker has a buy rating and a $14.40 price target on its shares.
