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

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.
Dividend Investing

Forget term deposits! I'd buy these ASX dividend shares instead!

These businesses have a lot to offer for income-focused investors.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

I'd buy 11,651 shares of this ASX stock to aim for $100 a month of passive income

This business can provide investors with an impressive level of dividends.

Read more »

ATM with Australian hundred dollar notes hanging out.
Dividend Investing

3 top ASX dividend shares for retirement income in 2026

These companies have strong market positions and offer yields of up to 11%.

Read more »

Smiling elderly couple looking at their superannuation account, symbolising retirement.
Dividend Investing

The ASX dividend stocks I'd buy for a retirement portfolio

For income-focused investors, consistency matters. These three ASX shares could help deliver that over time.

Read more »

Accountant woman counting an Australian money and using calculator for calculating dividend yield.
Dividend Investing

How much would I need to invest in ASX shares to earn $1,000 in passive income every month?

Here's a quick calculation for you to work out exactly what you'd need to invest.

Read more »

Three business people join hands in strength and unity.
Dividend Investing

The reliable ASX dividend shares I'd buy with $10,000

Building passive income starts with the right foundations. Here are three ASX shares I would consider today.

Read more »

Smiling man holding Australian dollar notes, symbolising dividends.
Bank Shares

Here's the dividend forecast out to 2028 for NAB shares

Can NAB shareholders bank on dividend growth in the coming years?

Read more »

Woman smiling with her hands behind her back on her couch, symbolising passive income.
Dividend Investing

1 ASX dividend stock down 22% I'd buy right now

It could be a great time to invest in this leading business.

Read more »