Mining, supermarkets, and property: 3 ASX 200 dividend stocks to buy

These stocks from different sides of the market have been named as buys by analysts.

| More on:
Three smiling corporate people examine a model of a new building complex.

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 hunting for ASX dividend stocks to buy? If you are, it could be worth looking at the ones in this article.

That's because they have all recently been named as buys and tipped to offer attractive dividend yields. Here's what you need to know about them:

Centuria Industrial REIT (ASX: CIP)

The first ASX 200 dividend stock that could be a buy according to analysts is Centuria Industrial.

It is Australia's largest domestic pure play industrial property investment vehicle. Centuria Industrial owns a portfolio of 88 high-quality, fit-for-purpose industrial assets worth a collective $3.8 billion. Management notes that these assets are situated in key in-fill locations and close to key infrastructure.

UBS is positive on the company and currently has a buy rating and $3.71 price target on its shares.

As for dividends, the broker 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 $3.10, this will mean dividend yields of 5.15% for income investors across both years.

Coles Group Ltd (ASX: COL)

Another ASX 200 dividend stock that could be a great option for income investors is supermarket giant Coles.

That's the view of analysts at Morgans, which believe that company is well-placed to reward shareholders with attractive dividend yields in the coming years.

It is forecasting Coles to pay fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $17.17, this implies yields of approximately 3.85% and 4%, respectively.

Morgans currently has an add rating and $18.95 price target on its shares.

South32 Ltd (ASX: S32)

A third ASX 200 dividend stock that could be a buy for patient income investors is mining giant South32.

Although the miner may not be in a position to pay a big dividend this year, things could soon change.

That's because the team at Goldman Sachs believes that its dividend could increase significantly. This is thanks to the favourable outlook for copper, aluminium, zinc, and met coal prices.

Goldman is forecasting fully franked dividends per share of 4 US cents in FY 2024, 10 US cents in FY 2025, and then 16 US cents in FY 2026. Based on its latest share price of $3.70 and current exchange rates, this will mean yields of 1.6%, 4%, and 6.5%, respectively.

The broker currently has a buy rating and $4.00 price target on South32's shares.

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 Coles 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

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 »

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 »