3 high-quality ASX 200 dividend shares to buy for a second income

Analysts are tipping these dividend shares as buys. Here's what they are saying.

| More on:
A woman looks questioning as she puts a coin into a piggy bank.

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 an income investor looking for dividend shares to buy? If you are, then you might want to read on.

That's because listed below are three top ASX 200 dividend shares that analysts are recommending as buys.

Here's what you need to know about them:

Charter Hall Group (ASX: CHC)

The first ASX 200 dividend share that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.

Citi is a fan of the company and has a buy rating and $13.50 price target on its shares. It highlights the company's "strong portfolio and management track record."

As for dividends, the broker is forecasting dividends per share of 45 cents in FY 2024 and 48 cents in FY 2025. Based on the current Charter Hall share price of $12.36, this will mean yields of 3.65% and 3.9%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend share that analysts rate as a buy is telco giant Telstra.

Goldman Sachs has responded to its half-year results this week by retaining its buy rating with a trimmed price target of $4.55.

In respect to income, the broker continues to forecast fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.90, this equates to fully franked yields of 4.6% and 4.9%, respectively.

Transurban Group (ASX: TCL)

Finally, the team at Citi is also tipping Transurban an ASX 200 dividend share to buy. It manages and develops urban toll road networks in Australia and North America.

The broker responded to Transurban's half-year results earlier this month by retaining its buy rating with a $15.60 price target.

In addition, Citi is now expecting dividends per share of 64 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.94, this will mean yields of 4.9% and 5%, 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 and Transurban Group. The Motley Fool Australia has positions in and has recommended Telstra 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 happy construction worker or miner holds a fistfull of Australian money, indicating a dividends windfall
Dividend Investing

Buy Rio Tinto and this ASX 200 dividend stock

Analysts have named these stocks as buys for income investors. Let's dig deeper into things.

Read more »

Excited woman holding out $100 notes, symbolising dividends.
Dividend Investing

These ASX dividend shares could offer 8%+ yields

Income investors might want to check out these high-yield stocks that analysts have named as buys.

Read more »

Two excited woman pointing out a bargain opportunity on a laptop.
Dividend Investing

2 no-brainer ASX dividend shares I'd buy right now for less than $1.20

These stocks are real (estate) opportunities, in my eyes.

Read more »

Woman holding $50 notes with a delighted face.
Dividend Investing

Investors who bought this ASX 200 dividend stock at the start of 2019 have already received almost 3 times their cash back in dividends

This stock has been an incredible dividend payer.

Read more »

A businessman hugs his computer and smiles.
Dividend Investing

3 buy-rated ASX dividend stocks that analysts love

Let's see what analysts are predicting from these income options.

Read more »

Dividend Investing

2 unstoppable ASX dividend shares to buy if there's a stock market sell-off

Analysts rate these top stocks as buys. Here's why they could be even more attractive if the market crashes.

Read more »

Cheerful boyfriend showing mobile phone to girlfriend in dining room. They are spending leisure time together at home and planning their financial future.
Dividend Investing

Buy these high-yield ASX 200 dividend stocks in 2025

Which dividend stocks are getting the thumbs up from analysts right now? Let's find out.

Read more »

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

Analysts name 3 ASX dividend shares to buy in January

These shares have been tipped as buys for income investors.

Read more »