There are a lot of ASX 200 dividend stocks to choose from on the Australian share market.
To narrow things down, let's take a look at three that have been given a big thumbs up from analysts at Goldman Sachs.
Here's what the broker is currently tipping as buys:
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Endeavour Group Ltd (ASX: EDV)
The first ASX 200 dividend stock that Goldman Sachs is bullish on is Endeavour. It thinks the owner of BWS and Dan Murphy's could be a good option for income investors right now. Particularly given its market leadership position and attractive valuation.
The broker currently has a buy rating and a $6.20 price target on the drinks giant's shares.
As for income, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and FY 2025. Based on the current Endeavour share price of $5.23, this will mean dividend yields of 4.2% for both years.
South32 Ltd (ASX: S32)
If you don't mind investing in the mining sector and you are willing to be a little patient, then South32 could be an ASX 200 dividend stock to buy.
That's because Goldman Sachs believes that the diversified miner's dividends are about to significantly increase thanks to the favourable outlook for copper, aluminium, zinc, and met coal prices.
The broker expects this to underpin fully franked dividends per share of 4 US cents in FY 2024, 12 US cents in FY 2025, and then 18 US cents in FY 2026. Based on its latest share price of $3.58 and current exchange rates, this will mean yields of 1.7%, 5%, and 7.5%, respectively.
Goldman has a buy rating and a $3.80 price target on South32's shares.
Super Retail Group Ltd (ASX: SUL)
Finally, Goldman Sachs thinks that Super Retail could be an ASX 200 dividend stock to buy.
It is the owner of popular retail brands BCF, Macpac, Rebel, and Super Cheap Auto.
The broker is very positive on Super Retail due to the strength of these brands and its huge loyalty program. It believes that "SUL is building a competitive advantage through 11.1mn members and 76% sales to members, which will help drive sales in a more complex operating environment."
Goldman expects this to support the payment of fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $13.84, this will mean good yields of 4.8% and 5.3%, respectively.
Goldman has a buy rating and a $17.80 price target on its shares.
