Buy these ASX 200 dividend stocks for big yields: analysts

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

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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:

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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.

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