Brokers says these ASX 200 dividend shares are buys

These could be top options for income investors right now.

| More on:
Man holding out Australian dollar notes, symbolising dividends.

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

Are you looking for some ASX dividend 200 shares to buy for an income boost?

If you are, then you may want to look at the two named below that have recently been tipped as buys.

Here's why brokers rate these dividend shares highly right now:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 200 dividend share that could be a buy is Aurizon. Its vast rail network connects miners, primary producers, and industry with international and domestic markets.

The team at Macquarie is positive on Aurizon and is forecasting big dividend yields in the coming years.

It is forecasting partially franked dividends of 19.1 cents per share in FY 2024 and then 24.5 cents per share in FY 2025. Based on the latest Aurizon share price of $3.60, this will mean yields of 5.3% and 6.8%, respectively.

The broker has an outperform rating and a $4.04 price target on its shares.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share for income investors to consider buying is Stockland. It is a leading residential developer in Australia and is focused on delivering a range of masterplanned communities and medium density housing in growth areas across the country.

Citi has named Stockland as its top pick in the industry. It notes that: "SGP has been our preferred exposure among the residential landlords given our view of a better-than-market expected residential cycle, and strong growth in the non-residential portions of the business."

The broker is expecting this to underpin dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.95, this will mean sizeable yields of 6.8% in both financial years.

Citi currently has a buy rating and a $5 price target on its shares.

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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Aurizon. 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

piggy bank at end of winding road
Dividend Investing

If I invest $10,000 in Transurban shares, how much dividend income will I receive?

Transurban is considered a defensive stock, particularly in an inflationary economy.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

2 safe ASX dividend shares that have paid income for decades

I think these two stocks are about as safe as it gets for dividend income.

Read more »

A happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Energy Shares

Own Woodside shares? Today is payday!

Woodside is set to reward passive income investors today.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

5 excellent ASX dividend stocks to buy in April

Analysts have put buy ratings on these income options recently.

Read more »

Woman with $50 notes in her hand thinking, symbolising dividends.
Dividend Investing

Should ASX investors buy Metcash stock for its 5.7% dividend?

Here's my take on Metcash's current dividend yield.

Read more »

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

These ASX 300 dividend shares offer yields of 5% to 8%

Analysts think big yields could be coming for owners of these shares.

Read more »

Excited woman holding out $100 notes, symbolising dividends.
Dividend Investing

Passive income investors, beat the ASX with this cash-gushing dividend stock!

I believe this top ASX dividend stock will continue to offer ASX beating passive income.

Read more »

a hand reaches out with australian banknotes of various denominations fanned out.
Dividend Investing

Here are the top five ASX 200 stocks in Macquarie's model income portfolio

Income investors might want to check out this model portfolio.

Read more »