The good news for income investors is that the Australian share market is home to plenty of dividend-paying shares. This makes it a great place to generate passive income.
But which ASX 200 passive income shares could be good options in September?
Four that brokers rate as buys are named below:
Endeavour Group Ltd (ASX: EDV)
The first ASX 200 passive income share that could be a buy is drinks giant Endeavour.
That's the view of analysts at Goldman Sachs, which believe its valuation is cheap given its "clear market leading position."
As for dividends, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2025 and 24 cents per share in FY 2026. Based on the current Endeavour share price of $4.98, this will mean dividend yields of 4.4% and 4.8%, respectively.
Goldman has a buy rating and $6.20 price target on the company's shares.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX 200 passive income share that has been named as a buy is insurance giant QBE.
Morgans is positive on the company and believes it is well-placed to benefit from rising premiums and significant cost cutting.
As for dividends, Morgans expects QBE to pay dividends per share of 80 cents in FY 2024 and 90 cents in FY 2025. Based on the latest QBE share price of $16.12, this equates to yields of 5% and 5.6%, respectively.
Morgans has an add rating and $18.73 price target on QBE's shares.
Super Retail Group Ltd (ASX: SUL)
A third ASX 200 passive income share that could be a buy is Super Retail. It is the retail group behind popular brands BCF, Macpac, Rebel, and Super Cheap Auto.
Citi rates the retailer as a buy. It has a buy rating and $20.00 price target on its shares.
As for income, the broker is expecting fully franked dividends per share of $1.23 in FY 2025 and then $1.31 in FY 2026. This includes special 50 cents per share dividends in both years. Based on the current Super Retail share price of $18.11, this will mean yields of 6.8% and 7.25%, respectively.
Transurban Group (ASX: TCL)
A final ASX 200 passive income share that has been named as a buy is Transurban. It is one of the world's leading toll road operators with roads across Australia and North America. It also has a number of projects under development or delivery to drive further growth.
Citi is also positive on Transurban and has a buy rating and $14.30 price target on its shares.
In respect to dividends, its analysts are forecasting dividends per share of 65 cents in FY 2025 and then 71.9 cents in FY 2026. Based on the current Transurban share price of $13.61, this will mean yields of 4.8% and 5.3%, respectively.
