Brokers says these ASX 200 dividend shares are buys

These could be top options for income investors right now.

| More on:
Man holding out Australian dollar notes, symbolising dividends.

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

Are you looking for some ASX dividend 200 shares to buy for an income boost?

If you are, then you may want to look at the two named below that have recently been tipped as buys.

Here's why brokers rate these dividend shares highly right now:

Aurizon Holdings Ltd (ASX: AZJ)

The first ASX 200 dividend share that could be a buy is Aurizon. Its vast rail network connects miners, primary producers, and industry with international and domestic markets.

The team at Macquarie is positive on Aurizon and is forecasting big dividend yields in the coming years.

It is forecasting partially franked dividends of 19.1 cents per share in FY 2024 and then 24.5 cents per share in FY 2025. Based on the latest Aurizon share price of $3.60, this will mean yields of 5.3% and 6.8%, respectively.

The broker has an outperform rating and a $4.04 price target on its shares.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend share for income investors to consider buying is Stockland. It is a leading residential developer in Australia and is focused on delivering a range of masterplanned communities and medium density housing in growth areas across the country.

Citi has named Stockland as its top pick in the industry. It notes that: "SGP has been our preferred exposure among the residential landlords given our view of a better-than-market expected residential cycle, and strong growth in the non-residential portions of the business."

The broker is expecting this to underpin dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.95, this will mean sizeable yields of 6.8% in both financial years.

Citi currently has a buy rating and a $5 price target on its shares.

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

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 »

Man holding out Australian dollar notes, symbolising dividends.
Dividend Investing

Analysts say these ASX dividend shares are top buys

Let's see why analysts are feeling bullish on these shares.

Read more »

Happy man working on his laptop.
Dividend Investing

Buy 18,947 shares of this top ASX dividend stock for $300 per month in passive income

One leading broker sees this income stock as a great option for investors now.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

These ASX dividend stocks offer massive 7% to 8% yields (and major upside)

Analysts think that these stocks could be top options for income investors right now. Let's find out why.

Read more »

A smartly-dressed businesswoman walks outside while making a trade on her mobile phone.
Dividend Investing

Buy and hold Telstra and these ASX dividend shares in 2025

Analysts think these stocks could be great picks for income investors. Let's see why.

Read more »

A smiling businessman in the city looks at his phone and punches the air in celebration of good news.
Dividend Investing

One magnificent ASX dividend stock down 10% to buy and hold for decades

I’m calling on this stock to be a solid dividend option for many years.

Read more »