2 ASX 200 dividend stocks for income investors in October

Brokers are saying good things about these dividend stocks.

| More on:
Woman calculating dividends on calculator and working on a laptop.

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 an income investor looking for ASX 200 dividend stocks to buy, then you may want to check out the two named below.

That's because analysts are tipping these shares as buys for investors in October. They are as follows:

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 company. Management notes that its portfolio of high-quality industrial assets is situated in urban infill locations throughout Australia and is underpinned by a quality and diverse tenant base.

UBS is a fan of the company and feels that its resilient income profile is attractive in the current environment. The broker has a buy rating and a $3.71 price target on its shares.

As for income, UBS is forecasting dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.03, this represents dividend yields of 5.3% in both years.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 dividend stock that could be a buy in October is Endeavour Group. It is the owner of BWS and Dan Murphy's, as well as a large network of hotels.

Goldman Sachs is bullish on the company due to its "attractive valuation for a clear leader in a staples retailer." The broker has a buy rating and a $6.60 price target on the company's shares.

In respect to dividends, Goldman is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and 24 cents per share in FY 2025. Based on the current Endeavour share price of $5.28, this equates to yields of 4.2% and 4.5%, respectively.

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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 no position in any of the stocks mentioned. 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 »