Are you looking for dividends to boost your income? If you are, then you may want to check out the two ASX dividend shares listed below that have been named as buys by Goldman Sachs.
Here's why analysts rate them highly right now:
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Stockland Corporation Ltd (ASX: SGP)
The first ASX 200 dividend share that Goldman Sachs rates as a buy is Stockland.
It is a residential and land lease developer and retail, logistics and office real estate property manager.
While the broker acknowledges that trading conditions aren't easy for Stockland right now, it believes "the potential headwinds are factored into the share price." As a result, it continues to see "SGP as attractively valued" and has put a buy rating and $4.40 price target on its shares.
In respect to dividends, Goldman Sachs is forecasting dividends per share of 27.6 cents in FY 2023 and 28.3 cents in FY 2024. Based on the current Stockland share price of $3.90, this will mean yields of 7.1% and 7.25%, respectively.
Woolworths Limited (ASX: WOW)
Another ASX 200 dividend share that Goldman Sachs rates as a buy is Woolworths.
The broker likes the supermarket giant due to its strong market position and digital leadership. Goldman expects the latter to become incredibly important in the coming years and believes it could help support further market share and margin gains, which bodes well for future dividend payments.
Goldman currently has a conviction buy rating and $41.70 price target on the company's shares.
As for dividends, it is forecasting fully franked dividends of $1.02 per share in FY 2023 and $1.13 per share in FY 2024. Based on the current Woolworths share price of $34.60, this will mean yields of 2.95% and 3.25%, respectively.
