Dividend forecasts: 3 ASX 200 shares with 6%+ yields

While the Australian share market typically provides investors with an average dividend yield of 4%, income investors don’t have to settle for that.

That’s because a number of ASX 200 shares are forecast to deliver even greater yields to investors in 2023.

Here are three ASX 200 shares with 6%+ forecast yields:

Charter Hall Retail REIT (ASX: CQR)

Analysts at Citi are positive on this supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company. Last month, the broker put a buy rating and $4.30 price target on its shares.

Citi is expecting the company to be in a position to increase its dividend to 26 cents per share in FY 2023. Based on the current Charter Hall Retail REIT share price, this will mean a 6.3% yield for investors.

New Hope Corporation Limited (ASX: NHC)

This coal miner has been tipped to reward its shareholders with some very big dividends in the near term.

For example, according to another recent note out of Citi, its analysts are forecasting fully franked dividends per share of $1.84 in FY 2023. Based on the current New Hope share price of $5.82, this will mean a mammoth 31% dividend yield for investors.

Citi also sees upside potential for New Hope’s shares with its buy rating and $6.70 price target.

Pilbara Minerals Ltd (ASX: PLS)

Lithium shares aren’t just about growth anymore. The team at Macquarie expect this ASX 200 lithium giant to return a decent portion of its free cash flow to shareholders this year. It is partly for this reason that Macquarie has an outperform rating and $7.50 price target on Pilbara Minerals’ shares.

As for dividends, the broker is forecasting a 30 cents per share dividend in FY 2023. This equates to a 7.2% dividend yield at current levels.

The post Dividend forecasts: 3 ASX 200 shares with 6%+ yields appeared first on The Motley Fool Australia.

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More reading

• Should I buy ASX 200 lithium shares now or not?
• Jeremy Grantham just warned shares could crash 50%, but did he also suggest lithium stocks may have “a substantial advantage” over the long-term?
• The Pilbara Minerals share price has rocketed! Have I left it too late to buy?
• These were the best performing ASX 200 shares in January
• Why was the Lynas share price hit so hard on Tuesday?

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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