Are you looking for some ASX 200 dividend stocks to buy for your income portfolio in October?
If you are, then it could be worth looking at the two buy-rated options named below. Here's what analysts are saying about them right now:
HomeCo Daily Needs REIT (ASX: HDN)
The team at Morgans continues to believe that HomeCo Daily Needs is an ASX 200 dividend stock to buy.
HomeCo Daily Needs is a property company with a focus on neighbourhood retail and large format retail assets. Its three largest tenants are currently retail giants Coles Group Ltd (ASX: COL), Wesfarmers Ltd (ASX: WES), Woolworths Group Ltd (ASX: WOW).
The broker is positive on the company due to favourable consumer trends and the growth potential of its development pipeline. It said:
The portfolio has resilient cashflows and continues to be a beneficiary of accelerating click & collect trends. +80% of tenants are national and ~75% of tenants offer click & collect reinforcing the importance of assets being able to support 'last mile logistics'. Sites are also in strategic locations with strong population growth (+80% metro). HDN offers an attractive distribution yield and the development pipeline provides growth opportunities.
Its analysts believe this will support the payment of dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the latest HomeCo Daily Needs share price of $1.24, this will mean dividend yields of 6.85% and 7%, respectively.
Morgans has an add rating and $1.36 price target on its shares.
Origin Energy Ltd (ASX: ORG)
Another ASX 200 dividend stock that has been given the thumbs up by analysts is Origin Energy.
It is a leading provider of electricity, gas, LPG, solar and internet to homes and businesses across Australia.
Goldman Sachs is feeling bullish about the company's outlook. This is partly due to the high-quality APLNG business. It explains:
We are Buy rated on ORG considering: APLNG earnings diversification to support strong FCF & returns: We expect electricity markets will remain volatile where ~50% of FY25E EBITDA from APLNG should reduce risk, while supporting a strong 9% FCF yield and 6% dividend yield.
Goldman believes this leaves Origin Energy well-placed to pay fully franked dividends per share of 48 cents in FY 2025 and then 58 cents in FY 2026. Based on its current share price of $10.37, this would mean dividend yields of 4.6% and 5.6%, respectively.
The broker has a buy rating and $10.75 price target on its shares.
