Buy these excellent ASX 200 dividend shares for very juicy yields

Income investors might want to check out these buy-rated shares according to analysts.

| More on:
a man sits at his computer screen scrolling with his fingers with a satisfied smile on his face as though he is very content with the news he is receiving.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

If you have space in your portfolio for some ASX 200 dividend shares, then it could be worth checking out the three named below.

That's because analysts think they are in the buy zone right now and could give an income portfolio a nice boost. Here's what they are expecting from them:

APA Group (ASX: APA)

The first ASX 200 dividend share for investors to look at is APA Group.

It is an energy infrastructure company that has a massive 15,000 kilometres of natural gas pipelines connecting sources of supply and markets across mainland Australia. At the last count, it was operating and maintaining networks connecting 1.4 million Australian homes and businesses to natural gas.

This network has supported growing dividends for almost two decades and the good news is that analysts at Macquarie believe this positive trend will continue.

It is for this reason that the broker has an outperform rating and $9.40 price target on its shares.

Macquarie is forecasting further increases in its dividends to 56 cents per share in FY 2024 and then 57.5 cents per share in FY 2025. Based on the current APA Group share price of $8.41, this equates to 6.7% and 6.8% dividend yields, respectively.

Aurizon Holdings Ltd (ASX: AZJ)

A second ASX 200 dividend share that has been named as a buy and tipped to provide attractive dividend yields is Aurizon. It is Australia's largest rail freight operator, transporting over 250 million tonnes of Australian commodities each year.

Ord Minnett continues to see plenty of value in its shares today. The broker currently has an accumulate rating and $4.70 price target on them.

As for dividends, 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 latest Aurizon share price of $3.64, this will mean yields of 5.1% and 6.7%, respectively.

Stockland Corporation Ltd (ASX: SGP)

A third ASX 200 dividend share with a juicy yield that could be a buy this month is Stockland.

Stockland is a leading residential developer with a focus on delivering a range of masterplanned communities and medium density housing in growth areas across Australia.

The team at Citi is bullish on the company. It has a buy rating and $5.10 price target on its shares.

In respect to income, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.41, this will mean yields of 5.9% and 6% yields, respectively.

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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group and Macquarie Group. The Motley Fool Australia has recommended Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Man smiling at a laptop because of a rising share price.
Dividend Investing

One ASX dividend machine I'd buy over Fortescue shares right now

When it comes to dividends, growth can be better than a high yield.

Read more »

Excited woman holding out $100 notes, symbolising dividends.
Dividend Investing

3 ASX dividend stocks with great yields to buy today

These dividend options have been given the thumbs up by analysts.

Read more »

two men in hard hats and high visibility jackets look together at a laptop screen that one of the men in holding at a mine site.
Dividend Investing

How big will the BHP dividend be in 2025?

Let's see if the mining giant will be rewarding shareholders with more generous dividends.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

Buy Woolworths and these ASX 200 dividend shares

Analysts think that income investors should be buying these stocks.

Read more »

Happy man holding Australian dollar notes, representing dividends.
Dividend Investing

Buy these ASX dividend shares for passive income

Analysts think these shares could be a good source of passive income.

Read more »

Woman calculating dividends on calculator and working on a laptop.
Dividend Investing

Analysts say these ASX dividend stocks are top buys

Looking for income? Analysts are saying good things about these shares.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

Here's one way to invest $20k to target an average 7% ASX dividend yield

Some businesses can provide high levels of dividend yield.

Read more »

Happy couple enjoying ice cream in retirement.
How to invest

I'd buy Woodside shares today to generate $1,000 of monthly passive income

At the current share price, I think Woodside can continue to deliver market-beating, long-term passive income.

Read more »