Thankfully for income investors, the Australian share market is among the most generous globally, offering a wide selection of ASX 200 dividend stocks with attractive dividend yields.
But which shares stand out this week as top options? Here are three with above-average yields that analysts have recently highlighted as buys:
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Endeavour Group Ltd (ASX: EDV)
Endeavour Group could be a top ASX 200 dividend stock to buy according to analysts at Goldman Sachs.
It is the leader in Australia's alcohol retail market, operating well-known store brands Dan Murphy's and BWS. It also owns the ALH Hotels business, which manages over 350 licensed venues nationwide.
Goldman likes Endeavour for its market leadership and the defensive nature of the alcohol retail sector. The broker believes this will support the payment of fully franked dividends of 20 cents per share in FY 2025 and 22 cents per share in FY 2026. At the current share price of $4.23, this equates to dividend yields of 4.7% and 5.2%, respectively.
Its analysts currently have a buy rating and $5.50 price target on the stock.
Smartgroup Corporation Ltd (ASX: SIQ)
The team at Bell Potter thinks that Smartgroup could be an ASX 200 dividend stock to buy.
It is a simplified employee management services provider offering salary packaging, fleet management, and a range of other services to organisations across Australia.
Bell Potter likes the company due to its attractive valuation and defensive earnings. It highlights that "SIQ looks well priced given a fwd P/E of ~14.5x, a defensive client base, earnings tailwinds from the Electric Car Discount Bill, an ROE of ~30% and a strong balance sheet."
As for income, the broker is forecasting fully franked dividends of 53.3 cents in FY 2024 and then 59.7 cents in FY 2025. Based on its current share price of $7.94, this means big potential dividend yields of 6.7% and 7.5%, respectively.
Bell Potter has a buy rating and $10.00 price target on its shares.
Super Retail Group Ltd (ASX: SUL)
Over at Morgans, its analysts have named Super Retail as an ASX 200 dividend stock to buy. This retail conglomerate owns popular retail brands BCF, MacPac, Supercheap Auto, and Rebel.
The broker believes Super Retail's diversified portfolio provides greater resilience to macroeconomic trends compared to its peers. So much so, it thinks it is positioned to continue paying special dividends in the near term.
Morgans is forecasting fully franked dividends (inclusive of special dividends) per share of 97 cents for FY 2025 and then 103 cents for FY 2026. At the current share price of $15.35, this equates to yields of 6.3% and 6.7%, respectively.
Morgans has an add rating and price target of $19.79 on Super Retail's shares.
