Boost your income with these ASX 200 dividend shares

These ASX dividend shares have been given the thumbs up by brokers.

| More on:
Woman holding $50 and $20 notes.

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 in the market for some ASX 200 dividend shares, then it could be worth taking a look at the two listed below.

Here's why analysts have just tipped them as buys for income investors:

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share that could be a buy is Centuria Industrial.

Australia's largest domestic pure-play industrial REIT owns a portfolio of high-quality industrial assets that are situated in urban infill locations throughout Australia.

This portfolio is overseen by a hands-on, active manager and aims to provide investors with income and an opportunity for capital growth.

Macquarie is positive on the company and has an outperform rating and a $3.41 price target on its shares.

As for income, the broker is expecting dividends per share of 16 cents in both FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $2.98, this represents yields of 5.35% and 5.5%, respectively.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 dividend share that could be a buy right now is Endeavour. It is the drinks giant behind the BWS and Dan Murphy's brands, as well as a huge network of hotels.

Goldman Sachs is a big fan of the company. So much so, the broker has it on its coveted conviction buy list with a $6.40 price target.

It highlights its "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, the broker is forecasting a fully franked dividend of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $4.93, this equates to yields of 4.25% and 4.65%, 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 and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie 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 »