If you’re an income investor on the lookout for new portfolio additions, then read on.
That’s because listed below are three ASX 200 dividend stocks that analysts believe could be quality options for investors right now.
Here’s what they are forecasting from them in the near term:
Coles Group Ltd (ASX: COL)
Analysts at Morgans think that Coles could be an ASX 200 dividend stock to buy. It is of course one of the big two supermarket operators with over 800 stores across the country. Coles also has a large liquor network comprising almost 1,000 stores across brands such as First Choice and Liquorland.
Morgans currently has an add rating and $18.95 price target on its shares.
As for dividends, its analysts are forecasting Coles to pay fully franked dividends of 66 cents per share in FY 2024 and 69 cents per share in FY 2025. Based on the current Coles share price of $17.11, this will mean dividend yields of 3.85% and 4%, respectively.
Super Retail Group Ltd (ASX: SUL)
Goldman Sachs thinks that Super Retail could be an ASX 200 dividend stock to buy right now. It is the retail group behind popular store brands BCF, Macpac, Rebel, and Super Cheap Auto.
The broker currently has a buy rating and $17.80 price target on its shares.
Goldman is expecting the retailer to offer good dividend yields in the near term. It is forecasting fully franked dividends per share of 67 cents in FY 2024 and then 73 cents in FY 2025. Based on the latest Super Retail share price of $13.89, this will mean good yields of 4.8% and 5.25%, respectively.
Woodside Energy Group Ltd (ASX: WDS)
Over at Morgans, its analysts are also positive on Woodside Energy and see it as an ASX 200 dividend stock to buy this week. It is one of the world’s largest energy producers with high-quality operations across the globe.
Morgans’ analysts recently stated that they see “now as a good time to add to positions” following the recent underperformance of its shares. The broker has an add rating and $36.00 price target on them.
In respect to income, its analysts are forecasting Woodside to pay fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on its current share price of $27.52, this represents attractive dividend yields of 4.5% and 5.7%, respectively.
The post Buy Coles and these ASX 200 dividend stocks appeared first on The Motley Fool Australia.
Should you invest $1,000 in Coles Group Limited right now?
Before you buy Coles Group Limited shares, consider this:
Motley Fool investing expert Scott Phillips just revealed what he believes are the 5 best stocks for investors to buy right now… and Coles Group Limited wasn’t one of them.
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See The 5 Stocks
*Returns as of 5 May 2024
More reading
- 5 things to watch on the ASX 200 on Monday
- Top ASX passive income shares to buy before June 30
- Top 10 most traded ASX shares and US stocks in May
- ASX 200 energy shares smashing the benchmark amid national gas crisis
- Mining, supermarkets, and property: 3 ASX 200 dividend stocks to buy
Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Goldman Sachs Group and Super Retail Group. The Motley Fool Australia has positions in and has recommended Coles 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.
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