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 a nest, symbolising a nest egg.
Broker Notes

Up 33%, are Woolworths shares still a good buy for passive income?

A leading analyst delivers his outlook for Woolworths surging shares.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Financial Shares

Buying IAG shares? Here's the dividend yield you'll get today?

Are IAG shares worth a look for dividends?

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

1 ASX dividend stock down 50% I'd buy right now

This impressive dividend stock is trading far too cheaply!

Read more »

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

Trading at 52-week lows, are Origin Energy shares a good passive income buy now?

With Origin Energy shares slipping to 52-week lows, is the ASX dividend stock now a passive income machine?

Read more »

A young woman with long brown hair opens her green eyes and mouth widely, expressing surprise.
Dividend Investing

The currency-hedged ASX ETFs magnifying dividends by up to 10x this season

Own IVV ETF, NDQ, or VGS? The currency-hedged versions are paying much more this season.

Read more »

A bland looking man in a brown suit opens his jacket to reveal a red and gold superhero dollar symbol on his chest.
Bank Shares

This is the ASX bank stock I would buy today for franked dividend income

Some ASX bank stocks are more equal than others.

Read more »

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

How to get started with a portfolio delivering $500 a week in passive income

Dividend shares are a popular way for investors to generate another source of income.

Read more »

Small girl giving a fist bump with a piggy bank in front of her.
Dividend Investing

How much passive income can I earn off a $100,000 portfolio?

Here's exactly what passive income you can earn, and the ASX shares to help you get there.

Read more »