Thankfully for income investors, there are plenty of ASX 200 dividend stocks to choose from on the local share market.
But which ones could be in the buy zone for investors in September?
Three that analysts are tipping as top buys are listed below. Here's what they are saying about them:
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Coles Group Ltd (ASX: COL)
Analysts at Citi think supermarket giant Coles could be an ASX 200 dividend stock to buy.
In response to its results release this week, the broker has retained its buy rating with an improved price target of $21.00. This implies potential upside of 11% for investors over the next 12 months.
As for income, Citi is forecasting fully franked dividends per share of 73 cents in FY 2025 and then 85.5 cents in FY 2026. Based on its current share price of $18.88, this equates to dividend yields of 3.9% and 4.5%, respectively.
Elders Ltd (ASX: ELD)
Citi also thinks that agribusiness company Elders could be an ASX 200 dividend stock to buy right now. It has a buy rating and $9.65 price target on its shares, which suggests that modest upside of 5.5% is possible for investors between now and this time next year.
The broker notes that trading conditions are subdued at present. However, it expects things to improve and support solid growth in FY 2025 and FY 2026.
Citi expects this to underpin the payment of fully franked dividends of 36 cents per share in FY 2024 and then 38 cents per share in FY 2025. Based on the current Elders share price of $9.15, this will mean yields of 3.9% and 4.15%, respectively.
Super Retail Group Ltd (ASX: SUL)
Analysts at Morgans are feeling positive about Super Retail following its results release. So much so, the broker feels that the owner of popular store brands BCF, Supercheap Auto, Macpac, and Rebel could be a top ASX 200 dividend stock to buy right now.
Last week, its analysts put an add rating and $19.79 price target on the retailer's shares. This implies potential upside of approximately 12% for investors over the next 12 months.
As for dividends, its analysts are expecting Super Retail to pay fully franked dividends per share of 97 cents in FY 2024 and then 103 cents in FY 2025. Based on its current share price of $17.70, this will mean yields of 5.5% and 5.8%, respectively.
