Buy BHP shares and these ASX 200 dividend giants: analysts

Here's what analysts are expecting from these dividend shares in the near term.

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If you're wanting to add some income options to your portfolio then it could be worth checking out BHP Group Ltd (ASX: BHP) and these ASX 200 dividend giants.

That's the view of brokers, which have recently tipped them all as buys. Here's what you need to know:

BHP Group

BHP could be an ASX 200 dividend share to buy according to analysts at Morgans, who describe it as "a miner for all seasons." The broker currently has an add rating and a $50 price target on the Big Australian's shares.

As for dividends, Morgans is expecting BHP to pay fully franked dividends per share of $2.87 per share in FY 2024 and $2.61 per share in FY 2025. Based on the latest BHP share price of $45.11, this will mean yields of 6.3% and 5.8%, respectively.

Coles Group Ltd (ASX: COL)

Another ASX 200 dividend share that has been named as a buy is supermarket giant Coles. Citi currently has a buy rating and a $17.50 price target on its shares.

In respect to income, the broker is forecasting fully franked dividends per share of 62 cents in FY 2024 and 70 cents in FY 2025. Based on the current Coles share price of $15.13, this would mean dividend yields of 4.1% and 4.6%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend share that could be a buy is Telstra. It is the BHP of the Australian telco market and has been tipped as a buy with a $4.70 price target by analysts at Goldman Sachs. It likes the company due to its "low risk earnings (and dividend) growth that Telstra is delivering across FY22-25."

As for dividends, Goldman 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 $3.80, this will mean yields of 4.7% and 5.25%, respectively, for investors.

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 recommended Telstra 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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