The great news for income investors is that there are plenty of quality ASX 200 dividend shares trading on the local share market. But which ones could be in the buy zone right now for investors?
Three that analysts are tipping as buys this month are listed below. Here's what you need to know about them:
APA Group (ASX: APA)
Analysts think that APA Group could be an ASX 200 dividend share to buy. It is an energy infrastructure business that owns, manages, and operates a diverse portfolio of gas, electricity, solar and wind assets.
Macquarie is very positive on the company and believes it is well-positioned to continue its long run of dividend increases.
The broker is forecasting dividends per share of 56 cents in FY 2024 and 57.5 cents in FY 2025. Based on the current APA Group share price of $8.39, this equates to 6.7% and 6.85% dividend yields, respectively.
Macquarie has an outperform rating and $9.40 price target on the company's shares.
BHP Group Ltd (ASX: BHP)
Another ASX 200 dividend share that analysts think could be in the buy zone this month is BHP. It is one of the world's largest miners with a high-quality portfolio of assets and operations across iron ore and a number of other commodities.
Goldman Sachs sees value in the mining giant's shares at the current levels and is forecasting attractive dividend yields from its shares in the near term.
The broker is forecasting fully franked dividends of approximately ~$2.19 per share in FY 2024 and then ~$1.95 per share in FY 2025. Based on the current BHP share price of $45.52, this equates to dividend yields of 4.8% and 4.3%, respectively.
Goldman Sachs has a buy rating and a $49.20 price target on the miner's shares.
Centuria Industrial REIT (ASX: CIP)
A third ASX 200 dividend share that could be a buy according to analysts this month is Centuria Industrial.
It is Australia's largest domestic pure-play industrial property investment company. It is the owner of a portfolio of high-quality, fit-for-purpose industrial assets across the country.
The team at UBS is feeling very positive about the company and its outlook. Its analysts believe Centuria Industrial is well-placed to provide investors with attractive yields in the near term.
The broker is currently expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.30, this represents dividend yields of 4.8% in both years.
UBS currently has a buy rating and a $3.71 price target on its shares.
