Buy these top ASX 200 dividend stocks for 6% yields

Analysts think the income investors should be snapping up these shares this week.

| More on:

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

Do you have room in your portfolio for some new income stocks?

If you do, then the three ASX 200 dividend stocks listed below could be worth considering.

Here's what sort of dividend yields analysts are expecting from these buy-rated stocks:

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.

Image source: Getty Images

APA Group (ASX: APA)

APA Group could be a great ASX 200 dividend stock to buy according to analysts. It is a leading Australian energy infrastructure business that owns a $26 billion portfolio of gas, electricity, solar and wind assets.

If you are looking for a reliable dividend payer, then it is hard to look beyond APA Group. That's because the company is on track to lift its dividend for 20 years in a row.

Macquarie then expects the run to continue. It is forecasting dividend increases to 57 cents per share in FY 2025 and then 57.5 cents per share in FY 2026. Based on the current APA Group share price of $7.31, this equates to 7.8% and 7.9% dividend yields, respectively.

Macquarie has an outperform rating and $8.13 price target on its shares.

Coronado Global Resources Inc (ASX: CRN)

If you don't mind investing in the mining sector, then Coronado Global Resources could be an ASX 200 dividend stock to buy.

It is the largest pure play met coal producer, delivering total sales of 15.6Mt into global export markets in 2023.

The team at Bell Potter is a fan of the company and thinks it could be a great ASX dividend stock to buy right now. It notes that from "late CY24, CRN's production profile will de-risk with the introduction of 1.5-2.0Mtpa incremental saleable production from its less weather-affected and lower cost Mammoth Underground Project."

It expects this to support the payment of partially franked dividends of 10 cents per share in FY 2025 and then 8.6 cents per share in FY 2026. Based on its current share price of 87.5 cents, this equates to dividend yields of 11.4% and 9.8%, respectively.

Bell Potter has a buy rating and $1.60 price target on its shares.

Super Retail Group Ltd (ASX: SUL)

Finally, Goldman Sachs thinks that Super Retail could be an ASX 200 dividend stock to buy. It is the retailer behind the BCF, MacPac, Supercheap Auto, and Rebel store brands.

The broker likes Super Retail to its cheap valuation and its sales and productivity levers. It notes that "SUL is one of the few retailers in Australia that has both a space and sales productivity lever that we expect the company to be able to pull."

It is forecasting fully franked dividends per share of 67 cents in FY 2025 and then 73 cents in FY 2026. Based on its current share price of $14.76, this will mean yields of 4.5% and 5%, respectively.

Goldman has a buy rating and $17.60 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 positions in and has recommended Goldman Sachs Group, Macquarie Group, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and Super Retail Group. 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

Three women dance and splash about in the shallow water of a beautiful beach on a sunny day.
Share Market News

3 legendary ASX dividend shares worth a closer look

The companies all boast strong market positions and steady cash flow.

Read more »

Australian dollar notes and coins in a till.
Dividend Investing

How many Westpac shares do I need to buy for a $10,000 annual passive income?

Westpac shares have a lengthy track record of paying two fully franked dividends every year.

Read more »

Man with his arms spread wide in a field.
Dividend Investing

Why this ASX REIT is a retiree's dream

Looking for a reliable investment? I’d go for this one…

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

Want to build a second income? I'd buy these ASX shares today

These businesses look like really appealing buys today.

Read more »

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

2 ASX 200 shares with eye-catching dividend yields

These stocks offer good dividend pay-outs along with share upside.

Read more »

Young investor sits at desk looking happy after discovering Westpac's dividend reinvestment plan
Dividend Investing

3 ASX dividend shares I'd buy instead of Westpac

There are plenty of dividend opportunities on the ASX outside this big bank.

Read more »

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

3 top ASX dividend shares with 6%+ yields

Big yields are expected from these buy-rated shares in the near term.

Read more »

A large clear wine glass on the left of the image filled with fifty dollar notes on a timber table with a wine cellar or cabinet with bottles in the background.
Dividend Investing

How many Fortescue shares do I need to buy for $10,000 a year in passive income?

Fortescue shares have a long track record of twice-yearly passive income payments.

Read more »