Buy these ASX 200 dividend shares for 6%+ yields

Analysts think these shares would be great options for income investors. But why?

| More on:
Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.

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 you may want to check out the ASX 200 dividend shares listed below.

These shares have been tipped as buys and could provide their shareholders with attractive dividend yields in the coming years. Here's what they are forecasting:

Eagers Automotive Ltd (ASX: APE)

Bell Potter thinks that this auto retailer could be an ASX 200 dividend share to buy.

Its analysts were pleased with the company's performance in the first half of FY 2024. They note that its "1H2024 underlying operating PBT of $182.5m was 2% ahead of our forecast of $178.8m and 3% ahead of the guidance of c.$177m."

In response, Bell Potter has put a buy rating and $13.00 price target on its shares.

It is also now forecasting fully franked dividends of 66.5 cents per share in FY 2024 and then 73 cents per share in FY 2025. Based on its current share price of $10.11, this will mean dividend yields of 6.6% and 7.2%, respectively.

HomeCo Daily Needs REIT (ASX: HDN)

Analysts at Morgans say that HomeCo Daily Needs could be an ASX 200 dividend share to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

Morgans believes management's shift in focus from large format retail to daily needs positions it nicely for growth over the coming years.

It has put an add rating and $1.36 price target on its shares.

As for income, the broker is expecting dividends per share of 8.5 cents in FY 2025 and then 8.7 cents in FY 2026. Based on the current HomeCo Daily Needs share price of $1.30, this will mean yields of 6.5% and 6.7%, respectively.

IPH Ltd (ASX: IPH)

The team at Goldman Sachs thinks that this intellectual property solutions company could be an ASX 200 dividend share to buy.

It was happy with IPH's performance in FY 2024. The broker highlights that "IPH delivered a solid FY24 result as organic growth sequentially improved across the business, despite continued softness in filing volumes in ANZ and Asia, demonstrating IPH's ability to drive margin to protect earnings."

This led to Goldman putting a buy rating and $8.25 price target on IPH's shares.

And the broker is now forecasting fully franked dividends of 37.4 cents per share in FY 2025 and then 39.9 cents per share in FY 2026. Based on its current share price of $6.05, this will mean dividend yields of 6.2% and 6.6%, 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. The Motley Fool Australia has recommended Eagers Automotive Ltd, HomeCo Daily Needs REIT, and IPH. 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

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 »

a woman holds a facebook like thumbs up sign high above her head. She has a very happy smile on her face.
Dividend Investing

Why these ASX dividend shares are best buys

Analysts at Bell Potter have good things to say about these stocks.

Read more »

Woman checking out new laptops.
Dividend Investing

Are JB Hi-Fi shares still a buy for dividends after soaring 38% in 6 months?

Is this ASX dividend share a bargain?

Read more »

Man smiling at a laptop because of a rising share price.
Dividend Investing

Is the new Soul Patts dividend reinvestment plan (DRP) worth taking up?

Investors can now opt to take part in the DRP instead of receiving cash.

Read more »