3 ASX 200 dividend stocks with big yields to buy now

Brokers reckon income investors should be buying these dividend shares.

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There are good number of options for income investors to choose from on the Australian share market. So much so, it can be hard to decide which ASX 200 dividend stocks to buy.

To narrow things down, I have picked out three dividend stocks that have been named as buys and tipped to offer attractive dividend yields.

Here's what you need to know about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 200 dividend stock that has been named as a buy is Aurizon. Its vast national rail and road network connects miners, primary producers, and industry with international and domestic markets.

Macquarie is bullish on the company and has an outperform rating and a $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 $3.54, this will mean yields of 5.2% and 7.1%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend stock that could be a buy is Stockland.

According to a note out of Citi, it likes the residential and land lease developer and retail, logistics and office real estate property manager due to its "strong medium-term growth outlook and cheap valuation."

Citi currently has a buy rating and a $4.60 price target for its shares.

The broker is also forecasting some big dividend yields. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.90, this will mean yields of 6.9% in both years.

Telstra Group Ltd (ASX: TLS)

Finally, Telstra could be another ASX 200 dividend stock to buy.

That's the view of analysts at Goldman Sachs, who believe the telco giant would be a great option due to its defensive earnings.

Goldman has a buy rating and a $4.80 price target on the company's shares.

In respect to dividends, the broker is forecasting fully franked dividends per share of 18 cents in FY 2024 and 20 cents in FY 2025. Based on the current Telstra share price of $3.84, this will mean yields of 4.7% and 5.2%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Aurizon. 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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