Are you wanting for a passive income boost? If you are, then you may want to look at the quality ASX 200 dividend shares listed below.
Here's why these dividend shares could be top options this year:
Image source: Getty Images
Deterra Royalties Ltd (ASX: DRR)
The first ASX 200 dividend share for income investors to look at buying is Deterra Royalties.
Although found in the mining sector, it isn't actually a miner. Instead, it is the owner of a portfolio of royalty assets across a range of commodities.
One of the key assets in the company's portfolio is the Mining Area C (MAC) iron ore operation. It is part of Western Australia Iron Ore (WAIO) and operated by mining giant BHP Group Ltd (ASX: BHP).
The team at Citi is positive on the company and has a buy rating and $5.10 price target on its shares.
As for dividends, Citi is forecasting fully franked dividends per share of 30 cents in FY 2023 and FY 2024. Based on the current Deterra Royalties share price of $4.84, this will mean yields of 6.2% for both years.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share for income investors to consider is NAB.
It is of course one of Australia's big four banks, with a particularly strong presence in commercial lending
Goldman Sachs is a fan of the bank. Its analysts like NAB due to its aforementioned exposure to commercial lending, which they expect to perform better than home lending in the current environment.
The broker also believes the work NAB has done on productivity and cost management leaves it well positioned for an environment of elevated inflationary pressure.
In respect to dividends, Goldman Sachs is expecting NAB to pay fully franked dividends of $1.73 per share in FY 2023 and $1.78 per share in FY 2024. Based on the current NAB share price of $31.61, this means yields of 5.5% and 5.6%, respectively.
Goldman has a buy rating and $35.60 price target on its shares.
