4 high-quality ASX 200 passive income shares to buy this week

Analysts think these stocks could be a great source of income and have put buy ratings on them.

| More on:
Middle age caucasian man smiling confident drinking coffee at home.

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

sdf

The good news for income investors is that the Australian share market is home to plenty of dividend-paying shares. This makes it a great place to generate passive income.

But which ASX 200 passive income shares could be good options in September?

Four that brokers rate as buys are named below:

Endeavour Group Ltd (ASX: EDV)

The first ASX 200 passive income share that could be a buy is drinks giant Endeavour.

That's the view of analysts at Goldman Sachs, which believe its valuation is cheap given its "clear market leading position."

As for dividends, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2025 and 24 cents per share in FY 2026. Based on the current Endeavour share price of $4.98, this will mean dividend yields of 4.4% and 4.8%, respectively.

Goldman has a buy rating and $6.20 price target on the company's shares.

QBE Insurance Group Ltd (ASX: QBE)

Another ASX 200 passive income share that has been named as a buy is insurance giant QBE.

Morgans is positive on the company and believes it is well-placed to benefit from rising premiums and significant cost cutting.

As for dividends, Morgans expects QBE to pay dividends per share of 80 cents in FY 2024 and 90 cents in FY 2025. Based on the latest QBE share price of $16.12, this equates to yields of 5% and 5.6%, respectively.

Morgans has an add rating and $18.73 price target on QBE's shares.

Super Retail Group Ltd (ASX: SUL)

A third ASX 200 passive income share that could be a buy is Super Retail. It is the retail group behind popular brands BCF, Macpac, Rebel, and Super Cheap Auto.

Citi rates the retailer as a buy. It has a buy rating and $20.00 price target on its shares.

As for income, the broker is expecting fully franked dividends per share of $1.23 in FY 2025 and then $1.31 in FY 2026. This includes special 50 cents per share dividends in both years. Based on the current Super Retail share price of $18.11, this will mean yields of 6.8% and 7.25%, respectively.

Transurban Group (ASX: TCL)

A final ASX 200 passive income share that has been named as a buy is Transurban. It is one of the world's leading toll road operators with roads across Australia and North America. It also has a number of projects under development or delivery to drive further growth.

Citi is also positive on Transurban and has a buy rating and $14.30 price target on its shares.

In respect to dividends, its analysts are forecasting dividends per share of 65 cents in FY 2025 and then 71.9 cents in FY 2026. Based on the current Transurban share price of $13.61, this will mean yields of 4.8% and 5.3%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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, Super Retail Group, and Transurban Group. The Motley Fool Australia has positions in and has recommended Super Retail Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Share Market News

Young businesswoman sitting in kitchen and working on laptop.
Opinions

Should I buy Berkshire Hathaway or Soul Patts shares?

Both have been stand out investments over the long term.

Read more »

A photo of a young couple who are purchasing fruits and vegetables at a market shop.
Opinions

Here are 2 of the ASX's most hated shares. Which should I consider buying?

Could today's dogs be tomorrow's stars?

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Share Market News

5 things to watch on the ASX 200 on Tuesday

A good session is expected for Aussie investors today.

Read more »

Person pretends to types on laptop drawn in sand.
Share Gainers

Here are the top 10 ASX 200 shares today

Investors managed to ease out a gain from the markets today.

Read more »

A businessman looking at his digital tablet or strategy planning in hotel conference lobby. He is happy at achieving financial goals.
Broker Notes

Bell Potter names the best ASX shares to buy

Let's see which shares the broker is bullish on this month.

Read more »

Lion holding and screaming into a yellow loudspeaker on a blue background, symbolising an announcement from Liontown.
Share Market News

What does Macquarie think Liontown Resources shares are worth?

Is the broker bullish or bearish or something in between? Let's find out.

Read more »

Business man at desk looking out window with his arms behind his head at a view of the city and stock trends overlay.
Broker Notes

Leading brokers name 3 ASX shares to buy today

Here's why brokers believe that now could be the time to snap up these shares.

Read more »

I young woman takes a bite out of a burrito n the street outside a Mexican fast-food establishment.
Broker Notes

How much upside does Macquarie see for Collins Foods shares?

The company is scheduled to report on 24 June.

Read more »