Boost your income with these ASX 200 dividend shares

These ASX dividend shares have been given the thumbs up by brokers.

| More on:
Woman holding $50 and $20 notes.

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 shares, then it could be worth taking a look at the two listed below.

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

Centuria Industrial Reit (ASX: CIP)

The first ASX 200 dividend share that could be a buy is Centuria Industrial.

Australia's largest domestic pure-play industrial REIT owns a portfolio of high-quality industrial assets that are situated in urban infill locations throughout Australia.

This portfolio is overseen by a hands-on, active manager and aims to provide investors with income and an opportunity for capital growth.

Macquarie is positive on the company and has an outperform rating and a $3.41 price target on its shares.

As for income, the broker is expecting dividends per share of 16 cents in both FY 2024 and 16.5 cents in FY 2025. Based on the current Centuria Industrial share price of $2.98, this represents yields of 5.35% and 5.5%, respectively.

Endeavour Group Ltd (ASX: EDV)

Another ASX 200 dividend share that could be a buy right now is Endeavour. It is the drinks giant behind the BWS and Dan Murphy's brands, as well as a huge network of hotels.

Goldman Sachs is a big fan of the company. So much so, the broker has it on its coveted conviction buy list with a $6.40 price target.

It highlights its "attractive 16.9x FY24 P/E vs 5.2% EPS 23-26e CAGR for a staple with clear market leading position."

In respect to dividends, the broker is forecasting a fully franked dividend of approximately 21 cents per share in FY 2024 and 23 cents per share in FY 2025. Based on the current Endeavour share price of $4.93, this equates to yields of 4.25% and 4.65%, respectively.

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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 »