5 ASX 200 dividend shares to buy for passive income

Analysts are tipping these stocks as buys for income investors. Let's see what they are saying about them.

If you're looking for a passive income boost, then it could be worth checking out the ASX 200 dividend shares listed below.

That's because these buy-rated shares have been tipped to provide investors with attractive dividend yields. Here's what you need to know about these income options:

A smiling woman with a handful of $100 notes, indicating strong dividend payments

Image source: Getty Images

Charter Hall Group (ASX: CHC)

Morgan Stanley thinks that Charter Hall could be another ASX 200 dividend share to buy. It is a property fund manager and developer across the office, retail, industrial and residential sectors. The broker currently has an overweight rating and $14.95 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $12.53, this will mean yields of 3.6% and 3.8%, respectively.

Coles Group Ltd (ASX: COL)

UBS thinks that this supermarket giant could be a top ASX 200 dividend share to buy. The broker currently has a buy rating and $19.50 price target on its shares.

In respect to income, it is expecting Coles to pay fully franked dividends of 70 cents per share in FY 2024 and 74 cents per share in FY 2025. Based on the current Coles share price of $18.43, this implies yields of approximately 3.8% and 4%, respectively.

NIB Holdings Limited (ASX: NHF)

A third ASX 200 dividend share that could be a buy is private health insurer NIB. Goldman Sachs is a fan and has a buy rating and $8.10 price target on its shares.

The broker highlights that NIB offers "defensive exposure to the private health insurance sector which is experiencing favourable operating trends." It expects this to support the payment of fully franked dividends per share of 31 cents in FY 2024 and FY 2025. Based on the current NIB share price of $7.39, this would mean dividend yields of 4.2%.

Telstra Group Ltd (ASX: TLS)

Goldman Sachs also thinks that telco giant Telstra could be an ASX 200 dividend share to buy. It has a buy rating and $4.35 price target on its shares.

The broker believes that the company is well-placed to grow its dividend in the coming years. It is forecasting fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.96, this equates to yields of 4.8% and 5%, respectively.

Transurban Group (ASX: TCL)

Finally, UBS also thinks that toll road giant Transurban is an ASX 200 dividend share to buy. It has a buy rating and $14.60 price target on its shares.

As for income, its analysts are expecting dividends per share of 65 cents in FY 2025 and 69 cents in FY 2026. Based on the current Transurban share price of $13.43, this will mean yields of 4.8% and 5.1%, respectively.

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 positions in and has recommended Coles Group, NIB Holdings, and Telstra Group. 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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