There are lots of dividend stocks to choose from on the local share market.
In fact, there's so much choice that it can often be hard to decide which ones to buy over others.
To narrow things down, I have picked out three dividend options that analysts have recently named as buys and tipped to offer good dividend yields.
Here's what you need to know about these ASX 200 dividend stocks:
Aurizon Holdings Ltd (ASX: AZJ)
Aurizon could be an ASX 200 dividend stock to buy right now. Across a network spanning thousands of kilometres, it transports commodities, including mining, agricultural, industrial and retail products for a diverse range of customers across Australia.
Ord Minnett thinks it would be a great option for investors. Particularly given its belief that Aurizon could be in a position to boost its dividend nicely next year.
The broker is forecasting partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the current Aurizon share price of $3.72, this will mean dividend yields of 5% and 6.5%, respectively.
Ord Minnett has an accumulate rating and $4.70 price target on its shares.
Charter Hall Retail REIT (ASX: CQR)
Another ASX 200 dividend stock that could be a good option for income investors is the Charter Hall Retail REIT.
It is a property company with a focus on supermarket anchored neighbourhood and sub-regional shopping centre markets.
Citi rates the company highly due partly to its inflation-linked rental increases. It is expecting this to underpin some big dividend yields in the near term.
The broker is 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 $3.34, this will mean a very large yield of 8.4%.
Citi has a buy rating and $4.00 price target on its shares.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX 200 dividend stock that could be a buy is insurance giant QBE.
Morgans is very positive on the company. This is due to the strong rate increases that are still flowing through its insurance book and further cost-out benefits. It also highlights that its shares look relatively inexpensive at current levels.
As for income, the broker expects dividends per share of ~99 cents in FY 2024 and then ~108 cents in FY 2025. Based on the current QBE share price of $18.08, this will mean yields of 5.5% and 6%, respectively.
Morgans has an add rating and $20.00 price target on the insurance giant's shares.
