Here are 3 ASX 200 dividend shares analysts love

These dividend shares have been given the thumbs up by analysts.

| 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

Are you on the lookout for some new additions to your income portfolio?

If you are, then it could be worth checking out the three ASX 200 dividend shares named below that analysts have rated as buys.

Here's what sort of yields they are forecasting from these shares:

Businessman smiles with arms outstretched after receiving good news.

Image source: Getty Images

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 200 dividend share that analysts rate highly is Aurizon. It is a national rail and road network operator which connects miners, primary producers, and industry with export and domestic markets.

The team at Macquarie is positive on Aurizon and has an outperform rating and $4.04 price target on its shares.

The broker also expects some attractive dividend yields. 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 $3.78, this will mean yields of 5% and 6.5%, respectively.

NIB Holdings Limited (ASX: NHF)

Another ASX 200 dividend share that analysts have named as a buy by analysts is private health insurer, NIB.

Goldman Sachs likes NIB because it "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trend."

It expects this to underpin the payment of fully franked dividends per share of 29 cents in FY 2024 and 33 cents in FY 2025. Based on the current NIB share price of $7.55, this will mean 3.85% and 4.4%, respectively.

The broker currently has a buy rating and $8.40 price target on its shares.

Telstra Group Ltd (ASX: TLS)

A third ASX 200 dividend share that analysts are bullish on is Australia's largest telecommunication company, Telstra.

Goldman Sachs is particularly positive on the company due to its "low risk earnings (and dividend) growth." It has a buy rating and $4.70 price target on its shares.

As for income, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.91, this equates to fully franked yields of 4.6% and 4.85%, respectively.

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 Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group, NIB Holdings, and Telstra 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

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

These 3 ASX shares will deliver better than 5% dividend yields, Macquarie says

Looking for a steady income stream? Look no further.

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

These 2 ASX dividend shares are great buys right now

Economic conditions have turned these businesses into great opportunities, in my view.

Read more »

A happy couple looking at an iPad.
Dividend Investing

3 strong ASX dividend shares for retirees to buy

If you are building a retirement portfolio, then it could be worth considering these shares.

Read more »

Flying Australian dollars, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These stocks could be some of the best options for unlocking strong income.

Read more »

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

Are Woolworths shares a good buy for passive income?

The supermarket giant's shares have been volatile this year but its defensive nature means it can still pay a dividend…

Read more »

A man closely watches a clock.
Dividend Investing

15 ASX shares going ex-dividend before EOFY

Champion Iron, Select Harvests, and Tower are among the ASX shares with ex-dividend dates in June.

Read more »

A bemused woman holds two presents of different sizes and colours and tries to make a choice.
Dividend Investing

Forget BHP shares! Buy these ASX dividend shares instead for passive income

I’d much prefer to buy these stocks rather than BHP for dividends.

Read more »

Animation of a man measuring a percentage sign, symbolising rising interest rates.
Dividend Investing

Forget term deposits and buy these ASX dividend shares in June

Let's see why these shares could be top options for income investors.

Read more »