Australian income investors are a lucky bunch! That's because the ASX 200 is home to a large number of quality dividend stocks that offer attractive dividend yields.
Combined with potential share price gains, the total returns on offer beat anything you will find with savings accounts or term deposits.
Two such examples are listed below. Here's what you need to know about them:
Image source: Getty Images
Centuria Industrial REIT (ASX: CIP)
The first ASX dividend 200 stock that has been named as a buy is Centuria Industrial.
It is Australia's largest domestic pure-play industrial property company with a portfolio of assets worth a collective $3.8 billion.
UBS is feeling very positive about the company. This is due partly to the resilience of its income profile in a tough environment. The broker currently has a buy rating and a $3.71 price target on its shares.
As for dividends, UBS is expecting Centuria Industrial to pay dividends per share of 16 cents in both FY 2024 and FY 2025. Based on the current Centuria Industrial share price of $3.07, this represents yields of 5.2% in both years.
NIB Holdings Limited (ASX: NHF)
Another ASX 200 dividend stock that has been named as a buy is private health insurer, NIB.
Goldman Sachs is a fan of the company and highlights that "it offers defensive exposure to the private health insurance sector which is experiencing favourable operating trend."
In addition, the broker points out that the "claims environment remains low with no immediate indications of a bounce back in claims." In light of this, it has put a buy rating and $8.75 price target on its shares.
As for dividends, Goldman expects fully franked dividends per share of 31 cents in FY 2024 and 33 cents in FY 2025. Based on the current NIB share price of $7.50, this will mean 4.1% and 4.4%, respectively.
