Buy Rio Tinto and these ASX 200 dividend shares

Analysts think these shares would be great options for income investors.

Investors that are on the lookout for some ASX 200 dividend shares to buy for their income portfolio may want to consider the three listed below.

They have been named as buys and tipped to offer above-average dividend yields in the near term. Here's what you need to know about them:

Excited woman holding out $100 notes, symbolising dividends.

Image source: Getty Images

IPH Ltd (ASX: IPH)

The first ASX 200 dividend share to look at is IPH. It is an international intellectual property (IP) services group with a network of member firms working throughout ten IP jurisdictions and servicing clients in more than 25 countries.

The team at Goldman Sachs is positive on the company. It believes it has a positive outlook thanks to organic growth and defensive earnings.

Its analysts are expecting this to support the payment of fully franked dividends per share of 34 cents in FY 2024 and 37 cents in FY 2025. Based on the current IPH share price of $6.11, this represents yields of 5.55% and 6%, respectively.

Goldman has a buy rating and $8.70 price target on its shares.

Rio Tinto Ltd (ASX: RIO)

Another ASX 200 dividend share that could be a buy right now according to Goldman Sachs is Rio Tinto.

It is, of course, one of the world's largest miners. It produces metals and minerals that are found everywhere in everyday life. This includes aluminium for cars, copper for renewable energy technologies, iron ore for steel, and lithium for electric vehicles.

Goldman Sachs sees value in the miner's shares at current levels and expects some great dividend yields.

In respect to the latter, the broker is expecting fully franked dividends per share of US$4.29 (A$6.42) in FY 2024 and then US$4.55 (A$6.81) in FY 2025. Based on the latest Rio Tinto share price of $130.39, this will mean yields of approximately 4.9% and 5.2%, respectively.

Goldman has a buy rating and a $138.90 price target on its shares.

Transurban Group (ASX: TCL)

A third ASX 200 dividend share that could be a buy is Transurban.

It is one of the world's leading toll road operators, building and operating toll roads in Melbourne, Sydney and Brisbane, as well as in North America. This includes CityLink, Cross City Tunnel, and AirportlinkM7.

Citi is feeling positive about the company and is expecting some good yields from its shares in the near term. It is forecasting dividends per share of 63.6 cents in FY 2024 and then 65.1 cents in FY 2025. Based on the current Transurban share price of $12.48, this will mean yields of 5.1% and 5.2%, respectively.

Citi has a buy rating and a $15.50 price target on Transurban's 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 and Transurban Group. The Motley Fool Australia has recommended IPH. 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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