Buy these top ASX 200 dividend stocks for 6% yields

Analysts think the income investors should be snapping up these shares this week.

| More on:

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

Do you have room in your portfolio for some new income stocks?

If you do, then the three ASX 200 dividend stocks listed below could be worth considering.

Here's what sort of dividend yields analysts are expecting from these buy-rated stocks:

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

Image source: Getty Images

APA Group (ASX: APA)

APA Group could be a great ASX 200 dividend stock to buy according to analysts. It is a leading Australian energy infrastructure business that owns a $26 billion portfolio of gas, electricity, solar and wind assets.

If you are looking for a reliable dividend payer, then it is hard to look beyond APA Group. That's because the company is on track to lift its dividend for 20 years in a row.

Macquarie then expects the run to continue. It is forecasting dividend increases to 57 cents per share in FY 2025 and then 57.5 cents per share in FY 2026. Based on the current APA Group share price of $7.31, this equates to 7.8% and 7.9% dividend yields, respectively.

Macquarie has an outperform rating and $8.13 price target on its shares.

Coronado Global Resources Inc (ASX: CRN)

If you don't mind investing in the mining sector, then Coronado Global Resources could be an ASX 200 dividend stock to buy.

It is the largest pure play met coal producer, delivering total sales of 15.6Mt into global export markets in 2023.

The team at Bell Potter is a fan of the company and thinks it could be a great ASX dividend stock to buy right now. It notes that from "late CY24, CRN's production profile will de-risk with the introduction of 1.5-2.0Mtpa incremental saleable production from its less weather-affected and lower cost Mammoth Underground Project."

It expects this to support the payment of partially franked dividends of 10 cents per share in FY 2025 and then 8.6 cents per share in FY 2026. Based on its current share price of 87.5 cents, this equates to dividend yields of 11.4% and 9.8%, respectively.

Bell Potter has a buy rating and $1.60 price target on its shares.

Super Retail Group Ltd (ASX: SUL)

Finally, Goldman Sachs thinks that Super Retail could be an ASX 200 dividend stock to buy. It is the retailer behind the BCF, MacPac, Supercheap Auto, and Rebel store brands.

The broker likes Super Retail to its cheap valuation and its sales and productivity levers. It notes that "SUL is one of the few retailers in Australia that has both a space and sales productivity lever that we expect the company to be able to pull."

It is forecasting fully franked dividends per share of 67 cents in FY 2025 and then 73 cents in FY 2026. Based on its current share price of $14.76, this will mean yields of 4.5% and 5%, respectively.

Goldman has a buy rating and $17.60 price target on its 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, Macquarie Group, and Super Retail Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and 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 Dividend Investing

Woman holding $50 notes with a delighted face.
Dividend Investing

Why this ASX dividend share is a retiree's dream

This stock can offer investors everything they want in retirement.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Why ASX dividend investing still works for building long-term wealth

Here's a strategy that continues to deliver results for investors.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

How to build a $10,000 annual income with ASX shares

For me, building income is less about chasing yield and more about consistency, quality, and time.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares near 52-week lows with very tempting yields

These REITs now offer higher yields and rebound potential.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

My top ASX passive income picks for April

Passive income takes time to build, but I think starting with the right mix of assets can make a big…

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

Own ASX IOZ or other iShares ETFs? Here is your next dividend

BlackRock has announced the next round of distributions for a range of its ASX iShares ETFs.

Read more »

A woman looks excited as she holds Australian dollars in the air.
Dividend Investing

ASX passive income: How much do I need to invest in to earn $1,000 per week?

It's more achievable than you'd think.

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These businesses offer an exceptionally high dividend yield for investors.

Read more »