If you're an income investor with $10,000 to invest, then it could be worth considering the three ASX 200 dividend stocks below.
They have been named as buys and tipped to deliver great returns for investors over the next 12 months. Here's what analysts are saying about them:
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Challenger Ltd (ASX: CGF)
Annuities company Challenger could be an ASX 200 dividend stock to buy now.
That's the view of analysts at Goldman Sachs, which are positive on Challenger. This is due to its "exposure to the growing superannuation market" and belief that "higher yields should drive a favorable sales environment for retail annuities."
Goldman expects this to underpin 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 $6.13, this would equate to attractive dividend yields of 4.4% and 4.6%, respectively.
The broker currently has a buy rating and $7.60 price target on its shares. This implies potential upside of 24% for investors.
Endeavour Group Ltd (ASX: EDV)
Another ASX 200 dividend stock that has been given the thumbs up by analysts is Endeavour Group. It is the owner of Australia's largest drinks retail network. This includes Dan Murphy's and BWS, as well as a substantial portfolio of licensed hotels.
Goldman Sachs is also a fan of this dividend stock. Its analysts highlight that they "continue to see Endeavour as a high-quality retailer gaining share amid a category down-cycle, with resilient growth opportunities in Hotels."
As for dividends, the broker is forecasting fully franked dividends of 19 cents per share in FY 2025 and 22 cents per share in FY 2026. Based on its current share price of $4.16, this means dividend yields of 4.6% and 5.3%.
Goldman has a buy rating and a price target of $5.10 on Endeavour shares. This suggests that upside of 23% is possible over the next 12 months.
HomeCo Daily Needs REIT (ASX: HDN)
Finally, HomeCo Daily Needs could be an ASX 200 dividend stock to buy with that $10,000.
It is a property company with a mandate to invest in convenience-based assets across the target sub-sectors of neighbourhood retail, large format retail and health and services.
The team at Morgans is positive on the company. Its analysts highlight that its "portfolio has resilient cashflows and continues to be a beneficiary of accelerating click & collect trends."
In light of this, it is forecasting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.16, this will mean dividend yields of 7.3% and 7.5%, respectively.
Morgans has an add rating and $1.36 price target on its shares. This implies potential upside of 17% for investors.
