There are a lot of ASX dividend stocks to choose from on the ASX 200 index.
To narrow things down, let's take a look at three that Goldman Sachs believes are in the buy zone right now. They are as follows:
NIB Holdings Limited (ASX: NHF)
The first ASX 200 dividend stock that Goldman Sachs thinks is a buy for income investors is private health insurer NIB.
It likes NIB because its believes that it "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trends."
The broker believes this will allow the company to pay fully franked dividends per share of 25 cents in FY 2025 and then 29 cents in FY 2026. Based on the current NIB share price of $5.65, this would mean 4.4% and 5.1% dividend yields, respectively.
Goldman currently has a buy rating and $6.60 price target on NIB's shares.
Origin Energy Ltd (ASX: ORG)
Another ASX 200 dividend stock to buy according to the broker is Origin Energy.
Goldman likes Origin for a number of reasons. This includes its belief that its "APLNG earnings diversification to support strong FCF & returns."
The broker is expecting this to underpin fully franked dividends per share of 48 cents in FY 2024 and then 58 cents in FY 2025. Based on its current share price of $10.11, this would mean dividend yields of 4.75% and 5.7%, respectively.
The broker has a buy rating and $10.75 price target on its shares.
Treasury Wine Estates Ltd (ASX: TWE)
A third ASX 200 dividend share that Goldman is positive on is Treasury Wine. It is one of the world's largest wine companies and the owner of a portfolio of popular brands. This includes Penfolds, Wolf Blass, 19 Crimes, and Blossom Hill.
The broker likes Treasury Wine due to its positive earnings growth outlook. It has previously stated that its buy rating "is premised on accelerating double-digit EPS growth in FY24-27e driven by 1) continued global expansion of Penfolds, especially post the removal of China import tariffs on Australian wine."
Goldman expects this to underpin dividends of 42 cents per share in FY 2025 and then 50 cents per share in FY 2026. Based on the current Treasury Wine share price of $10.68, this will mean dividend yields of 3.9% and 4.7%, respectively.
The broker also sees plenty of upside for its shares with its buy rating and $15.20 price target.
