Buy Woodside shares and these ASX 200 dividend giants now

Are you looking for some new additions to your income portfolio? If you are, then keep reading.

That’s because listed below are three ASX 200 dividend giants that brokers have recently named as buys and tipped to offer generous dividend yields.

Here’s what you need to know:

BHP Group Ltd (ASX: BHP)

This mining behemoth could be in the buy zone according to analysts at Goldman Sachs.

In response to its half-year results last month, the broker retained its buy rating with a $49.40 price target. This suggests material upside for investors thanks to a recent pullback in its share price.

In respect to dividends, the broker is now forecasting fully franked dividends of approximately US$1.45 per share (A$2.21 per share) in FY 2024 and then US$1.28 per share (A$1.95 per share) in FY 2025. Based on the current BHP share price of $42.41, this equates to yields of 5.2% and 4.6%, respectively.

Telstra Group Ltd (ASX: TLS)

Another ASX 200 dividend giant that could be a buy is telco Telstra.

Goldman Sachs is also a fan of the company and has a buy and $4.55 price target on its shares. Much like BHP shares, this implies material upside for investors because of recent weakness in its share price.

And also like BHP, the broker is expecting attractive yields from its shares. It is forecasting 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 $3.83, this equates to fully franked yields of 4.7% and 5%, respectively.

Woodside Energy Group Ltd (ASX: WDS)

A final ASX 200 dividend share that analysts think could be in the buy zone right now is Woodside Energy.

Morgans is positive on the company and recently put an add rating and $34.20 price target on its shares.

Its analysts are also expecting some decent dividend yields from Woodside’s shares in the near term. Morgans is forecasting the energy giant to pay a fully franked dividend of $1.36 per share in FY 2024 and then $1.12 per share in FY 2025. Based on the current Woodside share price of $29.86, this equates to 4.5% and 3.75% dividend yields, respectively, for investors.

The post Buy Woodside shares and these ASX 200 dividend giants now appeared first on The Motley Fool Australia.

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More reading

• 5 things to watch on the ASX 200 on Monday
• Buying 350 Woodside shares in an empty investment portfolio would give me a $760 income in year one
• Top brokers name 3 ASX shares to buy next week
• 5 oversold ASX shares to buy in March 2024
• If I invest $10,000 into BHP shares, how much passive income will I receive?

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. 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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