Buy these ASX 200 dividend stocks for big yields: analysts

These income stocks could give your bank balance a nice boost.

| More on:
A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements

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

If you're in the market for some ASX 200 dividend stocks with big yields, then it could be worth taking a look at the two listed below.

Here's why analysts have just tipped them as buys:

Centuria Industrial REIT (ASX: CIP)

The first ASX dividend 200 stock that could be a buy for income investors is Australia's largest domestic pure play industrial REIT, Centuria Industrial. It owns a portfolio of high-quality industrial assets in urban infill locations throughout Australia.

Macquarie is feeling very positive on the company. Last week, it put an outperform rating and $3.40 price target on its shares following the release of an in-line FY 2023 result.

As for income, the broker is expecting dividends per share of 16 cents in FY 2024 and then 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $3.03, this represents yields of 5.3% and 5.45%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend stock that could be a buy is NAB. It is one of Australia's big four banks and the owner of the NAB, UBank, and Bank of New Zealand brands.

Goldman Sachs is feeling bullish on the bank. Particularly after its stronger-than-expected third-quarter update last week. It notes:

NAB has released its 3Q23 trading update, with unaudited cash earnings from continuing operations of A$1.9 bn, down 7% on the 1H23 average, but run-rating 5% above what was implied by our prior 2H23E forecasts.

Goldman Sachs has a buy rating and a $30.51 price target on the bank's shares.

In respect to dividends, the broker is expecting fully franked dividends of $1.66 per share in FY 2023, FY 2024, and FY 2025. Based on the current NAB share price of $28.04, this implies yields of 5.9% in all three years.

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 and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie 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

A male oil and gas mechanic wearing a white hardhat walks along a steel platform above a series of gas pipes in a gas plant
Dividend Investing

Should I buy Santos shares for dividend income?

Santos shares have been steadily upping their dividends since 2020.

Read more »

A businessman lights up the fifth star in a lineup, indicating positive share price for a top performer
Dividend Investing

2 of the best ASX dividend shares to buy in December

Bell Potter rates these dividend shares very highly. Let's see why.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts expect 5% to 8% dividend yields from these ASX stocks

Here's why these dividend stocks could be great options for income investors today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

5 ASX 200 shares with ex-dividend dates next week

Do you own any of these shares that are primed to pay out?

Read more »

A couple makes silly chip moustache faces and take a selfie on their phone.
Dividend Investing

Invested $5,000 in Telstra shares in 2021? Here's how much passive income you've already earned

Atop the share price gains, how much passive income have investors earned from their Telstra stock?

Read more »

Happy couple enjoying ice cream in retirement.
Dividend Investing

Buy Telstra and this ASX dividend stock now

Analysts are saying good things about these dividend stocks. Let's see why they are bullish.

Read more »

A smiling woman with a handful of $100 notes, indicating strong dividend payments
Dividend Investing

Invest $20,000 in 2 ASX dividend shares for $1,500 in passive income

Analysts expect big yields from these passive income shares over the next couple of years.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

These buy-rated ASX 200 dividend shares offer 4.6% to 10% yields

Income investors might want to check out these dividend shares that brokers rate as buys.

Read more »