With interest rates expected to fall next year, it may not be long until term deposits and high interest savings accounts start looking unattractive.
But don't worry because the share market is here to save the day. For example, three buy-rated ASX 200 dividend shares that are forecast to offer attractive dividend yields are listed below. Here's what you need to know about them:
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Centuria Industrial REIT (ASX: CIP)
The first ASX 200 dividend share that could be a buy according to analysts is Centuria Industrial.
It is Australia's largest domestic pure play industrial property investment company. Centuria Industrial has a portfolio of high-quality, fit-for-purpose industrial assets that are found in key in-fill locations, close to key infrastructure.
Analysts at UBS are positive on the company's outlook and are forecasting some attractive dividend yields. They expect 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 $3.11, this will mean dividend yields of 5.1% and 5.5%, respectively.
The broker currently has a buy rating and $3.80 price target on its shares.
IPH Ltd (ASX: IPH)
Analysts at Goldman Sachs are tipping IPH as an ASX 200 dividend share to buy.
It is a leading intellectual property solutions company offering a wide range of services and products to a diverse client base. This includes multi-nationals, universities, public sector research organisations, foreign associates, and individual clients.
The broker highlights IPH's defensive earnings and organic growth potential as reasons to buy. It is expecting this to underpin the payment of fully franked dividends per share of 36 cents in FY 2025 and then 39 cents in FY 2026. Based on the current IPH share price of $5.43, this represents yields of 6.6% and 7.2%, respectively.
Goldman currently has a buy rating and $7.50 price target on its shares.
Rio Tinto Ltd (ASX: RIO)
Goldman Sachs is also feeling bullish on Rio Tinto and sees the mining giant as an ASX 200 dividend share to buy.
The broker believes that Rio Tinto has an attractive relative valuation, free cash flow, and dividend yield. This is being supported by its bullish view on copper and aluminium.
Goldman Sachs expects this to underpin fully franked dividends of US$3.44 (A$5.20) per share in FY 2024 and then US$3.81 (A$5.76) per share in FY 2025. Based on the current Rio Tinto share price of $118.08, this would mean yields of 4.4% and 4.9%, respectively.
It has a buy rating and $136.20 price target on the miner's shares.
