Buy these ASX 200 dividend stocks for 5%+ yields

Analysts think these buy-rated shares will provide income investors with good yields.

| More on:
Couple holding a piggy bank, symbolising superannuation.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Looking for some good dividend yields for your income portfolio?

If you are, then look no further because the three ASX 200 dividend stocks is this article could be the ones for you.

Let's see why analysts rate them as buys and what they expect them to payout in the near term:

Centuria Industrial REIT (ASX: CIP)

The first ASX 200 dividend stock that analysts are recommending as a buy is Centuria Industrial.

It is Australia's largest domestic pure play industrial property investment company. Centuria Industrial notes that its portfolio of high-quality industrial assets is situated in key metropolitan locations throughout Australia and is underpinned by a quality and diverse tenant base.

Its portfolio is overseen by a hands on, active manager and provides investors with income and an opportunity for capital growth from a pure play portfolio of high-quality Australian industrial assets.

UBS is a fan. This is due to its attractive valuation and positive long term fundamentals.

As for income, 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 $2.92, this represents dividend yields of 5.5% and 5.8%, respectively.

UBS has a buy rating and $3.80 price target on its shares.

Eagers Automotive Ltd (ASX: APE)

Another ASX 200 dividend stock that has been given the thumbs up by analysts is Eagers Automotive.

It is a leading auto retailer with over 250 locations across Australia and New Zealand. Its portfolio includes all 19 of the top 20 best-selling car brands in Australia and 9 of the top 10 luxury brands.

The team at Bell Potter is positive on the company. So much so, the broker believes Eagers Automotive could surpass consensus expectations with its second-half performance in FY 2024.

It expects this to support 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 $11.34, this represents dividend yields of 5.9% and 6.4%, respectively.

Bell Potter has a buy rating and $13.00 price target on its shares.

Harvey Norman Holdings Limited (ASX: HVN)

Analysts at Bell Potter are also feeling bullish about retail giant Harvey Norman.

The broker likes the ASX 200 dividend stock due to its exposure to the artificial intelligence (AI) megatrend. It believes Harvey Norman stands to benefit greatly from an AI driven major upgrade/replacement cycle of devices purchased during the COVID-19 pandemic.

Its analysts also "view HVN as supported by exclusive access from brands/chip manufacturers given large format stores globally which are attractive to global technology brands/suppliers when launching new products."

The broker expects this to underpin fully franked dividends of 25.9 cents per share in FY 2025 and then 28.5 cents per share in FY 2026. Based on the current Harvey Norman share price of $4.83, this equates to attractive 5.4% and 5.9% dividend yields, respectively.

Bell Potter has a buy rating and $5.80 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Eagers Automotive Ltd and Harvey Norman. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

This 9% yield is one I'm comfortable holding for the long term

This business has a history of paying large dividends.

Read more »

Man holding fifty Australian Dollar banknote in his hands, symbolising dividends, symbolising dividends.
Dividend Investing

An ASX dividend stalwart every Australian should consider buying

This business offers both a good yield and payout growth.

Read more »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

5 ASX dividend shares to buy for an income boost

Let's see why these shares could be top picks for income investors right now.

Read more »

Increasing stack of blue chips with a rising red arrow.
Blue Chip Shares

2 ASX blue-chip shares offering big dividend yields

I’m backing these two businesses as appealing dividend stocks.

Read more »

A happy, smiling man stretches out among yellow daisies in the green grass, dreaming of success.
Share Market News

How I'd invest monthly savings to generate over $50,000 passive income

This is how modest monthly investing could turn into serious passive income.

Read more »

Woman on a swing at a beach, symbolising passive income.
Dividend Investing

Passive income: How to earn safe dividends with just $20,000

The best dividend stocks tend to share these traits...

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

Own VTS ETF? It's a great day for you!

This exchange-traded fund seeks to mirror the performance of the entire US stock market.

Read more »

A man looks at his laptop waiting in anticipation.
Dividend Investing

A 3.5% ASX dividend stock paying cash every month

Some monthly divided stocks are more equal than others.

Read more »