If you are looking for ASX 200 dividend shares to buy, then it could be worth checking out the three listed below.
They have been named as buys and tipped to provide investors with a nice source of income in the coming years. Let's see what analysts are saying about them:
Cedar Woods Properties Limited (ASX: CWP)
Analysts think that Cedar Woods could be an ASX 200 dividend share to buy right now.
It is one of Australia's leading property developers with a portfolio that is diversified by geography, price point, and product type.
Morgans is a fan of Cedar Woods and believes it is well-placed for double-digit growth this year. Its analysts note that "looking forward, the signs are positive, with guidance for +10% NPAT growth in FY25, supported by favorable operating conditions in most key states."
The broker expects this to underpin dividends per share of 27 cents in FY 2025 and then 33.3 cents in FY 2026. Based on its current share price of $5.65, this equates to 4.8% and 5.9% dividend yields, respectively.
Morgans currently has an add rating and $6.70 price target on the company's shares.
Endeavour Group Ltd (ASX: EDV)
Another ASX 200 dividend share that has been given the thumbs up by analysts is Endeavour Group.
It owns Australia's largest retail drinks network under the Dan Murphy's and BWS brands. It also runs the country's largest portfolio of licensed hotels.
Goldman Sachs continues to rate the company highly. Its analysts like it due to their "continued belief in a high quality retailer gaining share amid a category down-cycle with a resilient growth option in Hotels." They also note that the "company is trading at FY25 P/E of 17x vs historical average of 22x."
As for dividends, Goldman is forecasting fully franked dividends of 20 cents per share in FY 2025 and then 22 cents per share in FY 2026. Based on the current Endeavour share price of $4.36, this will mean dividend yields of 4.6% and 5%, respectively.
Goldman has a buy rating and $5.50 price target on its shares.
Smartgroup Corporation Ltd (ASX: SIQ)
Finally, Bell Potter thinks that Smartgroup could be an ASX 200 dividend share to buy.
It is a simplified employee management services provider offering salary packaging, fleet management, and a range of other services to organisations across Australia.
Bell Potter believes that "SIQ looks well priced given a fwd P/E of ~14.5x, a defensive client base, earnings tailwinds from the Electric Car Discount Bill (exempts low or zero emission vehicles from Fringe Benefits Tax), an ROE of ~30% and a strong balance sheet."
As for income, the broker is forecasting fully franked dividends of 53.3 cents in FY 2024 and then 59.7 cents in FY 2025. Based on its current share price of $8.01, this means big potential dividend yields of 6.6% and 7.4%, respectively.
Bell Potter currently has a buy rating and $10.00 price target on its shares.
