Brokers say these ASX 200 dividend stocks with 5%+ yields are buys in September

Here's why these dividend shares are getting the thumbs up from analysts.

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If you're on the lookout for some ASX 200 dividend shares to buy in September, then it could be worth taking a look at the two listed below.

Here's why brokers are tipping them as buys:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend 200 stock that has been named as a buy is Centuria Industrial.

It is Australia's largest domestic pure-play industrial property investment vehicle with a portfolio of 89 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion. The company notes that these assets are situated in key in-fill locations and close to key infrastructure.

UBS is a fan of the company due to its resilient income profile in a tough environment. It has a buy rating and a $3.68 price target on its shares.

As for dividends, the broker is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.07, this represents dividend yields of 5.2% in both years.

Super Retail Group Ltd (ASX: SUL)

Another ASX 200 dividend stock that analysts are tipping as a buy is Super Retail. It is the diversified retail company behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.

Goldman Sachs is very positive on the company despite the difficult consumer backdrop. This is due to its belief that "SUL's topline will be more resilient vs discretionary peers due to investment in loyalty and format upgrades." Goldman has a buy rating and a $14.40 price target on its shares.

As for income, the broker is expecting 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 $11.99, this will mean yields of 5.2% and 5.3%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Super Retail Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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