There are a lot of ASX income stocks to choose from on the ASX 200.
But which ones could be buys right now?
Let's take a look at three that analysts at Goldman Sachs are tipping as top buys right now. They are as follows:
NIB Holdings Limited (ASX: NHF)
Goldman Sachs says that private health insurer NIB could be an ASX 200 income stock to buy right now.
It thinks that NIB "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trends."
The broker believes this will put the company in a position to pay fully franked dividends per share of 31 cents in FY 2024 and FY 2025. Based on the current NIB share price of $7.23, this would mean 4.3% dividend yields.
Goldman currently has a buy rating and $8.10 price target on NIB's shares.
Origin Energy Ltd (ASX: ORG)
The broker is also tipping this energy company as an ASX 200 income stock to buy right now.
There are a number of reasons why Goldman likes Origin. This includes its belief that its "APLNG earnings diversification to support strong FCF & returns."
Its analysts highlight that they "expect electricity markets will remain volatile where ~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield and 6% dividend yield."
Speaking of which, the broker is forecasting fully franked dividends per share of 48 cents in FY 2024 and then 62 cents in FY 2025. Based on its current share price of $10.55, this would mean dividend yields of 4.6% and 5.9%, respectively.
Goldman has a buy rating and $11.25 price target on its shares.
Telstra Group Ltd (ASX: TLS)
A final ASX 200 income stock that Goldman Sachs thinks could be a top option for investors is Telstra.
It is Australia's largest telco with 22.5 million retail mobile services and 3.4 million retail bundle and data services.
Goldman Sachs believes that recent price increases "highlight: (1) mobile market rationality remains (particularly when combined with the recent Optus increase); (2) TLS mobile earnings growth remains strong, driven by subscribers and ARPU."
It expects these increases to underpin fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.87, this equates to yields of 4.65% and 4.9%, respectively.
Goldman has a buy rating and $4.30 price target on Telstra's shares.
