Goldman Sachs names 3 super-strong ASX 200 dividend shares to buy

Are you looking for ASX 200 dividend shares to buy? If you are, it could be worth checking out the high quality options listed below.

They have all recently been named as buys by analysts at Goldman Sachs. Here’s what you need to know about them:

Endeavour Group Ltd (ASX: EDV)

The first ASX 200 dividend share that analysts at Goldman Sachs are bullish on is Endeavour Group. It is the drinks giant behind the BWS and Dan Murphy’s brands.

Goldman feels its valuation is attractive. Especially given its “clear market leading position.” The broker has a buy rating and $6.20 price target on the company’s shares.

As for income, the broker is forecasting fully franked dividends of approximately 22 cents per share in FY 2024 and FY 2025. Based on the current Endeavour share price of $5.28, this will mean dividend yields of 4.2% for both years.

Telstra Corporation Ltd (ASX: TLS)

Goldman Sachs also think that telco giant Telstra could be an ASX 200 dividend share to buy right now.

It believes “the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive.” In addition, it sees a “medium term opportunity to crystallise value through commencing the process to monetize its InfraCo Fixed assets.”

Goldman has a buy rating and $4.65 price target on Telstra’s shares.

In respect to dividends, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and 19 cents per share in FY 2025. Based on the current Telstra share price of $3.80, this equates to yields of 4.7% and 5%, respectively.

Woolworths Limited (ASX: WOW)

Finally, Goldman thinks that Woolworths could be an ASX 200 dividend share to buy. It is the retail giant behind the Woolworths supermarkets and Big W brands, among others.

Goldman remains very positive on the company. This is due to its belief that “the business has among the highest consumer stickiness and loyalty among peers, and hence has strong ability to drive market share gains via its omni-channel advantage.”

The broker currently has a conviction buy rating and a $40.40 price target on Woolworths shares.

In respect to dividends, Goldman is forecasting fully franked dividends per share of $1.09 in FY 2024 and $1.17 in FY 2025. Based on the current Woolworths share price of $32.59, this will mean yields of 3.3% and 3.6%, respectively.

The post Goldman Sachs names 3 super-strong ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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More reading

• Why it’s a good day to own Woolworths shares
• 5 things to watch on the ASX 200 on Thursday
• How I’d invest my first $20k to target $5,000 a year from ASX dividend shares
• 2 excellent ASX 200 retirement shares to buy now
• Better ASX stock: Woodside vs Telstra

Motley Fool contributor James Mickleboro has positions in Endeavour Group. 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 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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