If you're in the market for some ASX 200 dividend stocks, then it could be worth taking a look at the two listed below.
Here's why brokers have tipped them as buys:
Centuria Industrial Reit (ASX: CIP)
The first ASX 200 dividend stock that has been given the seal of approval by brokers is Centuria Industrial.
It is Australia's largest domestic pure play industrial REIT. It owns a portfolio of high-quality industrial assets that are situated in urban infill locations throughout Australia. This includes distribution centres, logistic hubs, data centres, manufacturing hubs, and cold storage facilities.
The team at Macquarie is positive on the company and has an outperform rating and $3.41 price target on its shares.
As for income, the broker is expecting dividends per share of 16 cents in both FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $3.18, this represents yields of 5% and 5.2%, respectively.
Deterra Royalties Ltd (ASX: DRR)
Another ASX 200 dividend stock that could be a buy according to brokers is mining royalty company Deterra Royalties.
Its primary focus is on bulks, base metals, and battery metals. This includes the lucrative Mining Area C iron ore operation, which is co-owned by mining behemoth BHP Group Ltd (ASX: BHP).
Morgan Stanley is feeling positive about the company thanks to high iron ore prices. It has an overweight rating and $5.65 price target on its shares.
As for dividends, it is forecasting fully franked dividends per share of 40.3 cents in FY 2024 and 30.1 cents in FY 2025. Based on the current Deterra Royalties share price of $5.38, this will mean yields of 7.5% and 5.6%, respectively.
