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.

| More on:
Three excited business people cheer around a laptop in the office

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

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.

More on Dividend Investing

A young woman holds onto her crown as another moves to take it, indicating rival ASX shares
Resources Shares

Can BHP stock regain its dividend crown?

Let’s dig into the passive income potential of this company.

Read more »

Woman chooses vegetables for dinner, smiling and looking at camera.
Dividend Investing

Buy Coles and these ASX dividend stocks

Brokers think these shares are in the buy zone right now. But why?

Read more »

A woman looks questioning as she puts a coin into a piggy bank.
Dividend Investing

An ASX dividend giant I'd buy over ANZ shares for 2024

ANZ would not be my first pick for passive income.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

Analysts think these high-yield ASX dividend shares are buy in May

Income investors might want to check out these top stocks.

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

4 excellent ASX dividend shares to buy in May

Analysts have put buy rating on these stocks and are forecasting attractive dividend yields.

Read more »

A man in a suit smiles at the yellow piggy bank he holds in his hand.
Dividend Investing

Buy NAB and these ASX 200 dividend stocks

Analysts have recently slapped buy ratings on these income options.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Dividend Investing

Here's the Wesfarmers dividend forecast through to 2028

Want to know how big the Wesfarmers dividends might be? Let’s find out…

Read more »

A young female investor sits in her home office looking at her ipad and smiling as she sees the QBE share price rising
Dividend Investing

3 ASX dividend stocks that brokers rate as buys

Should income investors be buying these stocks this week?

Read more »