Thankfully for income investors, there are plenty of ASX 200 dividend stocks to choose from on the local market.
But which ones could be in the buy zone right now? Three that brokers are tipping as top buys are listed below. Here's what they are saying about them:
Centuria Industrial REIT (ASX: CIP)
The first ASX 200 dividend stock that brokers are bullish on is Centuria Industrial. It is Australia's largest domestic pure play industrial property investment company.
The team at UBS is positive on the company's outlook and believes some good dividend yields are on the way in the near term.
The broker is forecasting Centuria Industrial to pay dividends per share of 16 cents in FY 2025 and then 17 cents in FY 2026. Based on the current Centuria Industrial share price of $3.37, this represents dividend yields of 4.75% and 5%, respectively.
It currently has a buy rating and $3.55 price target on its shares.
Eagers Automotive Ltd (ASX: APE)
Over at Bell Potter, its analysts think that this auto retailer could be an ASX 200 dividend stock to buy now.
The broker was pleased with Eagers Automotive's performance during the first half of FY 2024, noting that its "1H2024 underlying operating PBT of $182.5m was 2% ahead of [Bell Potter's] forecast of $178.8m and 3% ahead of the guidance of c.$177m."
Bell Potter is 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 $10.61, this will mean dividend yields of 6.25% and 6.9%, respectively.
The broker has a buy rating and $13.00 price target on its shares.
Nickel Industries Ltd (ASX: NIC)
Bell Potter also thinks that Nickel Industries could be an ASX 200 dividend stock to buy right now. It is a low-cost downstream nickel miner and processor that produces nickel for the stainless steel industry and electric vehicle supply chain from its Indonesian operations.
The broker feels that its shares are undervalued by the market. It highlights its "undemanding valuation multiples" and "long-life assets with demonstrated ability to make money through the nickel price cycle."
It expects these assets to support 5 cents per share dividends in both FY 2024 and FY 2025. Based on its current share price of 85 cents, this would mean dividend yields of 5.9%.
Bell Potter has a buy rating and $1.47 price target on its shares.
