There are plenty of quality ASX 200 dividend shares to choose from on the Australian share market.
But which ones could be buys next month?
Three that have been tipped as buy in June are listed below. Here's why they could be worth a look:
Aurizon Holdings Ltd (ASX: AZJ)
Aurizon could be an ASX 200 dividend share to buy according to analysts. It is Australia's largest rail freight operator and each year transports more than 250 million tonnes of Australian commodities, connecting miners, primary producers and industry with international and domestic markets.
The team at Ord Minnett thinks income investors should be buying its shares. The broker has an accumulate rating and $4.70 price target on its shares.
As for dividends, Ord Minnett is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.70, this will mean dividend yields of 4.8% and 6.55%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX 200 dividend share for income investors to consider buying is Telstra.
Goldman Sachs remains positive on the telco giant despite being disappointed with its recent guidance update.
It notes that the "low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive." It also believes that the company "has a meaningful medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets".
Goldman expects fully franked dividends of 18 cents per share in FY 2024 and then 18.5 cents per share in FY 2025. Based on the current Telstra share price of $3.45, this equates to yields of 5.2% and 5.35%, respectively.
The broker has a buy rating and $4.25 price target on Telstra's shares.
Woodside Energy Group Ltd (ASX: WDS)
A final ASX 200 dividend share that could be in the buy zone this month is Woodside Energy. It is one of the globe's largest energy producers.
The team at Morgans thinks that investors should be taking advantage of recent share price weakness. Especially given the quality of its earnings and strong balance sheet.
In addition, recent share price weakness has boosted the yield on offer with its shares. Morgans is forecasting fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on the current Woodside share price of $27.93, this represents dividend yields of 4.5% and 5.6%, respectively.
Morgans has an add rating and $36.00 price target on its shares.
