If you are an income investor looking for new portfolio additions this month, then it could be worth checking out the three ASX 200 dividend shares listed below that analysts rate as buys.
Let's see why they are feeling very positive about these income options right now:
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Challenger Ltd (ASX: CGF)
Goldman Sachs believes that annuities provider Challenger could be an ASX 200 dividend share to consider buying.
The broker is bullish due to Challenger's "exposure to the growing superannuation market" and belief that "higher yields should drive a favorable sales environment for retail annuities."
This positive outlook is reflected in Goldman Sachs' dividend forecasts. It anticipates fully franked dividends of 27 cents per share in FY 2025 and then 28 cents per share in FY 2026. Based on Challenger's current share price of $6.26, this would equate to attractive yields of 4.3% and 4.4%, respectively.
Goldman Sachs currently has a buy rating and $7.82 price target on its shares.
IPH Ltd (ASX: IPH)
Goldman Sachs also thinks that IPH could be an ASX 200 dividend share to buy. As a global intellectual property (IP) services provider, the broker believes IPH is well-positioned to deliver stable and defensive earnings with modest organic growth.
IPH has one of the best dividend track records on the Australian share market, increasing its dividend annually over the past decade. The good news is that Goldman Sachs expects this trend to continue, forecasting fully franked dividends of 36 cents per share in FY 2025 and 39 cents per share in FY 2026. At the current share price of $5.06, this implies dividend yields of 7.1% and 7.7%, respectively.
Goldman has a buy rating and $7.50 price target on its shares.
Stockland Corporation Ltd (ASX: SGP)
Finally, the team at Morgan Stanley believes that this residential and land lease developer and retail, logistics and office real estate property manager could be an ASX 200 dividend share to buy in December.
In fact, it is Morgan Stanley's preferred exposure to the residential market. This is partly because it believes that Stockland will be a big winner when interest rates eventually fall.
As for income, Morgan Stanley is expecting the company to pay shareholders dividends per share of 25.4 cents in FY 2025 and then 29.1 cents in FY 2026. Based on the current Stockland share price of $5.28, this represents dividend yields of 4.8% and 5.5%, respectively.
The broker currently has an overweight rating and $6.35 price target on Stockland's shares.
