Buy these ASX 200 dividend shares for 6%+ yields

Analysts think these shares would be great options for income investors. But why?

| More on:

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're looking for a passive income boost, then you may want to check out the ASX 200 dividend shares listed below.

These shares have been tipped as buys and could provide their shareholders with attractive dividend yields in the coming years. Here's what they are forecasting:

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.

Image source: Getty Images

Eagers Automotive Ltd (ASX: APE)

Bell Potter thinks that this auto retailer could be an ASX 200 dividend share to buy.

Its analysts were pleased with the company's performance in the first half of FY 2024. They note that its "1H2024 underlying operating PBT of $182.5m was 2% ahead of our forecast of $178.8m and 3% ahead of the guidance of c.$177m."

In response, Bell Potter has put a buy rating and $13.00 price target on its shares.

It is also now forecasting fully franked dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.11, this will mean dividend yields of 6.6% and 7.2%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

Analysts at Morgans say that HomeCo Daily Needs could be an ASX 200 dividend share to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

Morgans believes management's shift in focus from large format retail to daily needs positions it nicely for growth over the coming years.

It has put an add rating and $1.36 price target on its shares.

As for income, the broker is expecting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.30, this will mean yields of 6.5% and 6.7%, respectively.

IPH Ltd (ASX: IPH)

The team at Goldman Sachs thinks that this intellectual property solutions company could be an ASX 200 dividend share to buy.

It was happy with IPH's performance in FY 2024. The broker highlights that "IPH delivered a solid FY24 result as organic growth sequentially improved across the business, despite continued softness in filing volumes in ANZ and Asia, demonstrating IPH's ability to drive margin to protect earnings."

This led to Goldman putting a buy rating and $8.25 price target on IPH's shares.

And the broker is now forecasting fully franked dividends of 37.4 cents per share in FY 2025 and then 39.9 cents per share in FY 2026. Based on its current share price of $6.05, this will mean dividend yields of 6.2% and 6.6%, 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. The Motley Fool Australia has recommended Eagers Automotive Ltd, HomeCo Daily Needs REIT, and IPH. 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

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Broker Notes

Are CBA shares still a good buy for passive income?

A leading analyst delivers his verdict on CBA’s passive income appeal.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

2 defensive ASX dividend stocks for reliable income

I'd have these two defensive dividend shares in my portfolio to help hedge against sharemarket volatility.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

21 ASX shares going ex-dividend over the school holidays

Shares going ex-dividend include Myer and Washington H. Soul Pattinson & Company.

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

$500 buys 148 shares in this 11% yielding ASX income stock!

I'd add this ASX income stock to my portfolio.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Dividend Investing

Looking for long-term passive income? Try one of these ASX shares

These businesses are on track to provide investors with ultra-long-term income.

Read more »

A man in a business suit stands on top of an office chair in a sea of murky water with shark fins circling.
Dividend Investing

Thinking of buying WAM Capital shares for the 9% dividend yield? Read this first

Look before you leap into this dividend stock.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Dividend Investing

1 ASX dividend share and 1 ASX growth stock to buy in April

These ASX shares deliver a one-two punch: income now, growth later.

Read more »

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

2 ASX shares with dividend yields above 8%

These high-yield ASX dividend shares have a lot to like.

Read more »