Analysts say these top ASX 200 dividend shares are buys

Income investors might want to check out these buy-rated shares.

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There are plenty of ASX 200 dividend shares to choose from on the Australian share market.

Three that analysts believe are buys are listed below. Here's what they are saying about them:

Endeavour Group Ltd (ASX: EDV)

The first ASX 200 dividend share that could be a buy is drinks giant Endeavour.

That's the view of analysts at Goldman Sachs, which believe its valuation is cheap given its "clear market leading position."

As for dividends, the broker 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 $5, this will mean dividend yields of 4.2% and 4.6%, respectively.

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

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX 200 dividend share that has been given the thumbs up by analysts is HomeCo Daily Needs.

Morgans is a fan of the property company, which invests in neighbourhood retail, large format retail, and health and services.

In respect to income, the broker is forecasting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.13, this will mean yields of 7.3% and 7.5%, respectively.

Morgans has an add rating and a $1.50 price target on its shares.

Suncorp Group Ltd (ASX: SUN)

A final ASX 200 dividend share that could be a buy is Suncorp.

Goldman Sachs is bullish on the insurance giant and believes it is well-positioned for growth in the current environment thanks to "the tailwinds that exist in the general insurance market."

The broker expects this to underpin fully franked dividends per share of 75 cents in FY 2024 and 80 cents in FY 2025. Based on the current Suncorp share price of $14.00, this will mean yields of 5.35% and 5.7%, respectively.

Goldman currently has a buy rating and a $15.13 price target on its shares.

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 recommended HomeCo Daily Needs REIT. 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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