3 high-quality ASX 200 dividend shares to buy for a second income

Are you an income investor looking for dividend shares to buy? If you are, then you might want to read on.

That’s because listed below are three top ASX 200 dividend shares that analysts are recommending as buys.

Here’s what you need to know about them:

Charter Hall Group (ASX: CHC)

The first ASX 200 dividend share that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.

Citi is a fan of the company and has a buy rating and $13.50 price target on its shares. It highlights the company’s “strong portfolio and management track record.”

As for dividends, the broker is forecasting dividends per share of 45 cents in FY 2024 and 48 cents in FY 2025. Based on the current Charter Hall share price of $12.36, this will mean yields of 3.65% and 3.9%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend share that analysts rate as a buy is telco giant Telstra.

Goldman Sachs has responded to its half-year results this week by retaining its buy rating with a trimmed price target of $4.55.

In respect to income, the broker continues to forecast fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.90, this equates to fully franked yields of 4.6% and 4.9%, respectively.

Transurban Group (ASX: TCL)

Finally, the team at Citi is also tipping Transurban an ASX 200 dividend share to buy. It manages and develops urban toll road networks in Australia and North America.

The broker responded to Transurban’s half-year results earlier this month by retaining its buy rating with a $15.60 price target.

In addition, Citi is now expecting dividends per share of 64 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.94, this will mean yields of 4.9% and 5%, respectively.

The post 3 high-quality ASX 200 dividend shares to buy for a second income appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Friday
• Which ASX 200 large-cap shares offer the best dividend yields in 2024?
• Everything you need to know about the Telstra dividend
• Telstra shares tumble on half-year disappointment
• Telstra share price on watch amid earnings miss and guidance revision

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

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