3 ASX 200 dividend stocks with big yields to buy now

Brokers reckon income investors should be buying these dividend shares.

| More on:
A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.

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

There are good number of options for income investors to choose from on the Australian share market. So much so, it can be hard to decide which ASX 200 dividend stocks to buy.

To narrow things down, I have picked out three dividend stocks that have been named as buys and tipped to offer attractive dividend yields.

Here's what you need to know about them:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 200 dividend stock that has been named as a buy is Aurizon. Its vast national rail and road network connects miners, primary producers, and industry with international and domestic markets.

Macquarie is bullish on the company and has an outperform rating and a $4.04 price target on its shares.

As for dividends, the broker is forecasting partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.54, this will mean yields of 5.2% and 7.1%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend stock that could be a buy is Stockland.

According to a note out of Citi, it likes the residential and land lease developer and retail, logistics and office real estate property manager due to its "strong medium-term growth outlook and cheap valuation."

Citi currently has a buy rating and a $4.60 price target for its shares.

The broker is also forecasting some big dividend yields. It expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.90, this will mean yields of 6.9% in both years.

Telstra Group Ltd (ASX: TLS)

Finally, Telstra could be another ASX 200 dividend stock to buy.

That's the view of analysts at Goldman Sachs, who believe the telco giant would be a great option due to its defensive earnings.

Goldman has a buy rating and a $4.80 price target on the company's shares.

In respect to dividends, the broker is forecasting fully franked dividends per share of 18 cents in FY 2024 and 20 cents in FY 2025. Based on the current Telstra share price of $3.84, this will mean yields of 4.7% and 5.2%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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. The Motley Fool Australia has positions in and has recommended Telstra Group. The Motley Fool Australia has recommended Aurizon. 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 investor sits at his desk looking at his laptop screen holding his hand to his chin pondering whether to buy Macquarie shares
Dividend Investing

A 10% dividend yield from an All Ords stock with a forward P/E of 9!

I’m bullish on this stock. Here’s why.

Read more »

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

I'd buy these ASX dividend shares with big yields for income

These are some of the most appealing businesses to me for a big yield.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

15 ASX 200 stocks going ex-dividend before New Year's Eve

Looking for some last minute end-of-year dividend income? Better be quick.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Dividend Investing

Top analysts say these ASX 200 dividend shares are great buys

Here's what analysts are saying about these income options right now.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes out, symbolising dividends.
Dividend Investing

Why these ASX dividend stocks could be best buys

Bell Potter thinks these dividend stocks are best buys in December.

Read more »

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

3 quality ASX dividend shares to buy next week

Analysts are tipping these shares as buys for income investors. Let's see what they offer.

Read more »

Man jumping in water with a floatable flamingo, symbolising passive income.
Dividend Investing

Some ASX passive income ideas are really simple. Here's one!

Receiving a second income from the stock market doesn't have to be complicated.

Read more »

Dividend Investing

2 ASX 300 dividend stocks that could be super strong buys

Bell Potter is saying good things about these buy-rated income stocks in December.

Read more »