Buy NAB and these ASX 200 dividend stocks

Analysts are saying good things about these income options.

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If you want some new additions to your income portfolio, then it could be worth looking at the ASX 200 dividend stocks listed below.

That's because analysts are currently tipping them as buys and forecasting attractive dividend yields.

Here's what they are saying about them:

Coles Group Ltd (ASX: COL)

The first ASX 200 dividend stock that could be a buy is Coles. It is one of the big two supermarket operators in Australia.

Citi is bullish on the company. It believes concerns over rising levels of theft are overdone because Coles is rolling out technology that "should address ~70% of its theft exposure." In light of this, the broker believes "the drag from theft on gross margin will begin to materially reverse in 2H24."

In respect to dividends, the broker is forecasting fully franked dividends of 64 cents per share in FY 2024 and 70 cents per share in FY 2025. Based on the current Coles share price of $15.33, this will mean yields of 4.2% and 4.55%, respectively.

Citi currently has a buy rating and a $17.50 price target on its shares.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 dividend stock that could be a buy is Endeavour.

That's the view of analysts at Goldman Sachs. They highlight 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 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 4.7%, respectively.

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

National Australia Bank Ltd (ASX: NAB)

A final ASX 200 dividend stock that could be a buy is big four bank, NAB.

Goldman Sachs is also very positive on the bank and believes it is well-positioned in the current environment. It analysts see "volume momentum over the next 12 months as favouring commercial volumes over housing volumes, and believe NAB provides the best exposure to this thematic."

Goldman expects this to support fully franked dividends of $1.62 per share in both FY 2024 and FY 2025. Based on the current NAB share price of $28.40, this implies dividend yields of 5.7%.

Goldman has a buy rating and a $30.52 price target on its shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. The Motley Fool Australia has positions in and has recommended Coles Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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