If you're looking to boost your passive income, then you may want to look at the shares listed below.
These ASX 200 shares pay shareholders dividends every three and six months, respectively, and have been tipped to grow their payouts in the coming years. Here's what you need to know about them:
HomeCo Daily Needs REIT (ASX: HDN)
The first ASX 200 dividend share to consider is HomeCo Daily Needs.
It is a property investment company with a focus on metro-located, convenience-based assets across neighbourhood retail, large format retail, and health and services.
Goldman Sachs is a big fan of the company and is tipping some big dividends in the coming years. It expects this to be underpinned by the shift to omni channel retailing and additional external growth opportunities.
The broker is forecasting dividends of 8.3 cents per share in FY 2023 and 8.5 cents per share in FY 2024. Based on the current HomeCo Daily Needs REIT unit price of $1.31, this will mean yields of 6.3% and 6.5%, respectively. That could be a nice boost to your passive income!
Another positive is that Goldman sees decent upside for HomeCo Daily Needs' shares. It currently has a buy rating and $1.57 price target on them.
Macquarie Group Ltd (ASX: MQG)
Another ASX 200 dividend share that could boost your passive income is investment bank Macquarie.
Analysts at Morgans are positive on the company. This is due largely to the quality of Macquarie's operations and its exposure to long-term structural growth areas such as infrastructure and renewables.
Morgans has also highlighted that Macquarie has an opportunity to "gain market share in Australian mortgages" and profit from "recent market volatility through its trading businesses."
The broker is forecasting partially franked dividends of $7.07 per share in FY 2023 and $7.47 per share in FY 2024. Based on the current Macquarie share price of $171.04, this will mean yields of 4.1% and 4.35%, respectively.
Morgans has an add rating and $215.00 price target on the company's shares.
