Analysts say these ASX 200 dividend shares are top buys

Analysts think that income investors should be snapping up these shares in a hurry.

| More on:
Broker looking at the share price on her laptop with green and red points in the background.

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 want to make some additions to your income portfolio this month, then it could be worth checking out the ASX 200 dividend shares listed below.

That's because analysts are currently tipping them as buys and forecasting attractive yields. Here's what they are saying about them:

Endeavour Group Ltd (ASX: EDV)

The team at Goldman Sachs thinks that drinks giant Endeavour could be an ASX 200 dividend share to buy.

The broker likes the company due to its industry-leading position and attractive valuation following recent weakness. It highlights that its shares trade "at an attractive 16.9x FY24 P/E vs 5.2% EPS 23-26e CAGR for a staple with clear market leading position."

In respect to dividends, Goldman is forecasting fully franked dividends of 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $4.96, this equates to yields of 4.2% and 4.6%, respectively.

Goldman has a buy rating and a $6.40 price target on the company's shares.

Healthco Healthcare and Wellness REIT (ASX: HCW)

Another ASX 200 dividend share that analysts have named as a buy is Healthco Healthcare and Wellness REIT. It is a leading health and wellness-focused real estate investment trust.

Morgans is positive on the company and has an add rating and a $1.67 price target on its shares.

As for income, it is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.38, this will mean yields of 5.8% for both years.

Transurban Group (ASX: TCL)

A final ASX 200 dividend share that analysts are tipping as a buy is toll road giant Transurban.

Citi is a fan of the company and believes it is well-placed for growth thanks to inflation-linked price increases and its defensive qualities. The broker has a buy rating and a $15.90 price target on its shares.

As for income, Citi is expecting dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $11.94, this will mean yields of 5.3% and 5.4%, 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 Transurban 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 Share Market News

Multi-ethnic people looking at a camera in a public place and screaming, shouting, and feeling overjoyed.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors continued yesterday's momentum on the markets this session.

Read more »

A woman sprints with a trail of fire blazing from her body.
52-Week Highs

ASX mining shares on fire! New 52-week highs today

PLS Group, Liontown, IGO, Mineral Resources, Newmont, and South32 are among today's surging mining stocks.

Read more »

Disappointed man with his head on his hand looking at a falling share price his a laptop.
Share Fallers

Why Endeavour, GQG Partners, Kingsgate, and Super Retail shares are dropping today

These shares are having a poor session on Tuesday. But why?

Read more »

A woman weraing a stripy t-shirt winks as she points to the decorative gold crown on her head.
Share Market News

As CBA shares struggle, is BHP set to retake the biggest ASX stock crown?

With BHP shares rallying as CBA shares struggle, the battle for biggest stock on the ASX is back on!

Read more »

Man drawing an upward line on a bar graph symbolising a rising share price.
Share Gainers

Why EOS, Elevra, Lynas, and New Murchison Gold shares are pushing higher today

These shares are having a strong session on Tuesday. Let's see why investors are buying them.

Read more »

A man has a surprised and relieved expression on his face.
Broker Notes

Bell Potter says this ASX 300 stock is dirt cheap with 30%+ upside

The broker thinks the market is under-appreciating this stock.

Read more »

a woman wearing a sparkly strapless dress leans on a neat stack of six gold bars as she smiles and looks to the side as though she is very happy and protective of her stash. She also has gold fingernails and gold glitter pieces affixed to her cheeks.
Gold

Up 450% in a year, ASX All Ords gold stock leaping higher again today on exploration results

Investors are piling into this ASX All Ords gold share again on Tuesday. Let’s see why.

Read more »

Woman thinking in a supermarket.
Opinions

Forget Coles shares, I'd buy this roaring retailer instead

Here's the retailer I'd be buying this year.

Read more »