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If you have space in your portfolio for some ASX 200 dividend shares, then it could be worth checking out the three named below.
That’s because analysts think they are in the buy zone right now and could give an income portfolio a nice boost. Here’s what they are expecting from them:
The first ASX 200 dividend share for investors to look at is APA Group.
It is an energy infrastructure company that has a massive 15,000 kilometres of natural gas pipelines connecting sources of supply and markets across mainland Australia. At the last count, it was operating and maintaining networks connecting 1.4 million Australian homes and businesses to natural gas.
This network has supported growing dividends for almost two decades and the good news is that analysts at Macquarie believe this positive trend will continue.
It is for this reason that the broker has an outperform rating and $9.40 price target on its shares.
Macquarie is forecasting further increases in its dividends to 56 cents per share in FY 2024 and then 57.5 cents per share in FY 2025. Based on the current APA Group share price of $8.41, this equates to 6.7% and 6.8% dividend yields, respectively.
Aurizon Holdings Ltd (ASX: AZJ)
A second ASX 200 dividend share that has been named as a buy and tipped to provide attractive dividend yields is Aurizon. It is Australia’s largest rail freight operator, transporting over 250 million tonnes of Australian commodities each year.
Ord Minnett continues to see plenty of value in its shares today. The broker currently has an accumulate rating and $4.70 price target on them.
As for dividends, the broker is forecasting partially franked dividends of 18.6 cents per share in FY 2024 and then 24.4 cents per share in FY 2025. Based on the latest Aurizon share price of $3.64, this will mean yields of 5.1% and 6.7%, respectively.
Stockland Corporation Ltd (ASX: SGP)
A third ASX 200 dividend share with a juicy yield that could be a buy this month is Stockland.
Stockland is a leading residential developer with a focus on delivering a range of masterplanned communities and medium density housing in growth areas across Australia.
The team at Citi is bullish on the company. It has a buy rating and $5.10 price target on its shares.
In respect to income, Citi is expecting dividends per share of 26.2 cents in FY 2024 and 26.6 cents in FY 2025. Based on the current Stockland share price of $4.41, this will mean yields of 5.9% and 6% yields, respectively.