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

A woman standing in a blue shirt smiles as she uses her mobile phone.
Dividend Investing

The ASX shares I'd buy for passive income in April and beyond

I think passive income is not just about yield. It is about building a reliable stream of dividends over time.

Read more »

Two people climb to the summit and raise their arms in success as the sun rises brightly over the mountains.
Dividend Investing

2 ASX dividend shares yielding 7% or more

If you're looking for dividend shares which pay around 7%, these are two of my picks.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Broker Notes

Why this quality ASX dividend share is tipped to surge 55%

A leading broker expects this ASX stock could rocket 55% atop paying two annual dividends.

Read more »

Happy dad watching tv with kids, symbolising passive income.
Dividend Investing

3 ASX dividend shares I'd buy for reliable passive income

I think building income from ASX shares starts with choosing the right types of businesses.

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

Is this one of the best ASX passive income stocks to buy right now?

This business is paying a great level of income…

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

1 ASX dividend stock down 43% I'd buy right now

This business is a leading idea for passive income!

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

$1,000 buys 100 shares in an incredibly reliable ASX 200 dividend stock

This business has been very resilient and still looks like a great buy.

Read more »

Woman holding $50 notes with a delighted face.
Dividend Investing

Why this ASX dividend share is a retiree's dream

This stock can offer investors everything they want in retirement.

Read more »