If you're looking for dividend shares to buy for 2023 to boost your passive income, then you may want to look at the two listed below.
Here's why analysts rate these growing ASX 200 dividend shares highly:
Santos Ltd (ASX: STO)
The first ASX 200 dividend share that could be a buy is Santos.
It is one of the region's largest energy producers, aiming to deliver production of 103-106 million barrels of oil equivalent (mmboe) in FY 2022.
The team at Morgans is positive on the company due to its "growth profile and diversified earnings base." The broker believes this leaves it "well placed to outperform against a backdrop of a broader sector recovery."
Morgans is expecting this to underpin dividends per share of 23 cents in FY 2022 and 24.4 cents in FY 2023. Based on the current Santos share price of $6.99, this will mean yields of 3.3% and 3.5%, respectively.
Morgans has an add rating and $9.00 price target on its shares, which suggests material upside potential in 2023.
Woolworths Limited (ASX: WOW)
Another ASX 200 dividend share that could be a buy is Woolworths.
Goldman Sachs is a very big fan of the retail giant. It likes the company due to its strong market position and digital leadership. The broker expects the latter to support further market share and margin gains in the coming years, which bodes well for its earnings and dividend growth.
In the meantime, 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 $33.21, this will mean yields of 3.1% and 3.4%, respectively.
Goldman currently has a conviction buy rating and $41.70 price target on the company's shares.
