5 ASX 200 dividend shares to buy for passive income

Analysts are tipping these stocks as buys for income investors. Let's see what they are saying about them.

| More on:
A smiling woman with a handful of $100 notes, indicating strong dividend payments

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 looking for a passive income boost, then it could be worth checking out the ASX 200 dividend shares listed below.

That's because these buy-rated shares have been tipped to provide investors with attractive dividend yields. Here's what you need to know about these income options:

Charter Hall Group (ASX: CHC)

Morgan Stanley thinks that Charter Hall could be another ASX 200 dividend share to buy. It is a property fund manager and developer across the office, retail, industrial and residential sectors. The broker currently has an overweight rating and $14.95 price target on its shares.

As for dividends, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $12.53, this will mean yields of 3.6% and 3.8%, respectively.

Coles Group Ltd (ASX: COL)

UBS thinks that this supermarket giant could be a top ASX 200 dividend share to buy. The broker currently has a buy rating and $19.50 price target on its shares.

In respect to income, it is expecting Coles to pay fully franked dividends of 70 cents per share in FY 2024 and 74 cents per share in FY 2025. Based on the current Coles share price of $18.43, this implies yields of approximately 3.8% and 4%, respectively.

NIB Holdings Limited (ASX: NHF)

A third ASX 200 dividend share that could be a buy is private health insurer NIB. Goldman Sachs is a fan and has a buy rating and $8.10 price target on its shares.

The broker highlights that NIB offers "defensive exposure to the private health insurance sector which is experiencing favourable operating trends." It expects this to support the payment of fully franked dividends per share of 31 cents in FY 2024 and FY 2025. Based on the current NIB share price of $7.39, this would mean dividend yields of 4.2%.

Telstra Group Ltd (ASX: TLS)

Goldman Sachs also thinks that telco giant Telstra could be an ASX 200 dividend share to buy. It has a buy rating and $4.35 price target on its shares.

The broker believes that the company is well-placed to grow its dividend in the coming years. It is forecasting fully franked dividends of 19 cents per share in FY 2025 and then 20 cents per share in FY 2026. Based on the current Telstra share price of $3.96, this equates to yields of 4.8% and 5%, respectively.

Transurban Group (ASX: TCL)

Finally, UBS also thinks that toll road giant Transurban is an ASX 200 dividend share to buy. It has a buy rating and $14.60 price target on its shares.

As for income, its analysts are expecting dividends per share of 65 cents in FY 2025 and 69 cents in FY 2026. Based on the current Transurban share price of $13.43, this will mean yields of 4.8% and 5.1%, respectively.

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 Coles Group, NIB Holdings, and 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

Couple looking very happy while shopping at a home improvement store.
Dividend Investing

Here's the dividend forecast to 2029 for Wesfarmers shares

Wesfarmers has been paying a growing dividend to investors. Will it continue?

Read more »

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

Analysts think these ASX 200 dividend stocks are top buys

Here are four top options for income investors to check out this week.

Read more »

Woman relaxing on her phone on her couch, symbolising passive income.
Dividend Investing

3 ASX dividend shares to buy with 6%+ yields

Analysts are feeling bullish about these dividend-payers.

Read more »

Australian notes and coins symbolising dividends.
Resources Shares

Invested $8,000 in BHP shares in 2021? Here's how much passive income you've earned

ASX passive income investors who bought BHP shares in 2021 will have enjoyed some record-high dividends.

Read more »

A woman relaxes on a yellow couch with a book and cuppa, and looks pensively away as she contemplates the joy of earning passive income.
Dividend Investing

5 fantastic ASX dividend stocks to buy next week

Brokers think income investors should be snapping up these shares while they can.

Read more »

Woman smiles at camera at she buys greens from the supermarket.
Consumer Staples & Discretionary Shares

Are Coles or Woolworths shares a better buy for dividend income?

Both of these supermarket stocks are intriguing options for income.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

9 ASX 200 shares with ex-dividend dates next week

Do you own any of these stocks that are about to pay out?

Read more »

Man in yellow hard hat looks through binoculars as man in white hard hat stands behind him and points.
Dividend Investing

Should income hunters have their eyes on this top ASX stock offering a 12% dividend yield?

Is this stock's huge yield too good to be true?

Read more »