3 buy-rated ASX 200 dividend stocks with 5% to 8% yields

Analysts are saying good things about these income stocks. Here's what you need to know.

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If you're wanting to strengthen your income portfolio in May with some new additions, then it could be worth looking at the buy-rated ASX 200 dividend stocks named below.

Here's what brokers are forecasting from them in the near term:

Charter Hall Retail REIT (ASX: CQR)

The first ASX 200 dividend stock for income investors to consider buying is Charter Hall Retail REIT.

It is a property company operated by Charter Hall Group (ASX: CHC), which has a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.

The team at Citi is positive on the company. This is due partly to its inflation-linked rental increases, which it expects to underpin some big dividend yields.

Its analysts are forecasting dividends of 28 cents per share in both FY 2024 and FY 2025. Based on the current Charter Hall Retail REIT share price of $3.39, this will mean a very large yield of 8.25%.

Citi has a buy rating and a $4.00 price target on its shares.

Inghams Group Ltd (ASX: ING)

Another ASX 200 dividend stock that could be in the buy zone according to analysts is Australia's leading poultry producer, Inghams.

Morgans thinks that the company's shares are undervalued at the current level. Especially given its leadership position and attractive dividend yield. It also notes that the company is "leveraged to poultry – the affordable, healthy, sustainable and growth protein."

In respect to dividends, the broker is forecasting fully franked dividends of 22 cents per share in FY 2024 and then 23 cents per share in FY 2025. Based on the current Inghams share price of $3.82, this equates to dividend yields of 5.75% and 6%, respectively.

Morgans has an add rating and a $4.40 price target on the company's shares.

Super Retail Group Ltd (ASX: SUL)

Over at Goldman Sachs, its analysts think income investors should look at buying this ASX 200 dividend stock.

Super Retail is the company behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.

Goldman notes that through these brands, Super Retail is "building a competitive advantage through 11.1mn members and 76% sales to members." The broker expects this to "help drive sales in a more complex operating environment."

Its analysts believe this will 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 $13.81, this will mean dividend yields of 4.85% and 5.3%, respectively.

Goldman also sees plenty of upside for investors from current levels. It has a buy rating and $17.80 price target on its shares.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. The Motley Fool Australia has positions in and has recommended Super Retail Group. 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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