Buy these ASX 200 dividend shares right now: analysts

Analysts are expecting some attractive yields from these dividend shares.

| More on:

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 boost your income portfolio this week, then it could be worth checking out the ASX 200 dividend shares listed below that analysts rate as buys.

Here's why they are feeling bullish on them:

Man holding out Australian dollar notes, symbolising dividends.

Image source: Getty Images

Stockland Corporation Ltd (ASX: SGP)

This residential and land lease developer and retail, logistics and office real estate property manager could be an ASX 200 dividend share to buy according to analysts at Citi.

The broker likes Stockland due to its "strong medium-term growth outlook and cheap valuation." Citi has a buy rating and a $5 price target for its shares.

In addition, its analysts are forecasting some big very attractive dividend yields in the near term. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.99, this will mean yields of 6.8% in both years.

Transurban Group (ASX: TCL)

Citi also thinks that Transurban is an ASX 200 dividend share to buy right now.

Transurban manages and develops urban toll road networks in Australia and North America.

Citi likes the company due to its inflation-linked price increases and its defensive qualities, which it believes will underpin "strong EBITDA growth outlook (c.12% CAGR between Fy24-FY26)."

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 63.4 cents in FY 2024 and 64.6 cents in FY 2025. Based on the current Transurban share price of $12.99, this will mean yields of 4.9% and 5%, respectively.

Westpac Banking Corp (ASX: WBC)

Ord Minnett believes that Westpac could be an ASX 200 dividend share to buy. Its analysts see significant upside in the bank's shares at current levels.

Earlier this month, the broker put an accumulate rating and $28 price target on its shares.

In respect to dividends, it is expecting fully franked dividends per share of $1.45 in FY 2024 and $1.51 in FY 2025. Based on the current Westpac share price of $21.10, this will mean dividend yields of ~6.9% and 7.15%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. 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 Dividend Investing

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

My top ASX passive income picks for April

Passive income takes time to build, but I think starting with the right mix of assets can make a big…

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

Own ASX IOZ or other iShares ETFs? Here is your next dividend

BlackRock has announced the next round of distributions for a range of its ASX iShares ETFs.

Read more »

A woman looks excited as she holds Australian dollars in the air.
Dividend Investing

ASX passive income: How much do I need to invest in to earn $1,000 per week?

It's more achievable than you'd think.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These businesses offer an exceptionally high dividend yield for investors.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

3 top ASX dividend shares for income investors to buy

Let's see why these shares could be worth considering for an income portfolio.

Read more »

A woman is excited as she reads the latest rumour on her phone.
Dividend Investing

$1,000 buys 102 shares in this 6% yielding income stock

This is one of the most reliable dividend stocks on the ASX.

Read more »

Retired couple hugging and laughing.
Dividend Investing

How I'd invest $100,000 for retirement income on the ASX right now

This is a durable portfolio delivering retirement income today for Australian retirees.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

2 ASX dividend stocks that could pay you a passive income for years

Not all dividend-paying stocks are equal. Some offer a far more reliable payout than others.

Read more »