Buy these ASX 200 dividend shares for passive income: analysts

Brokers are feeling positive about these dividend-paying stocks…

| More on:
Man looking amazed holding $50 Australian notes, representing ASX dividends.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for ASX 200 dividend shares to buy? If you are, then you may want to check out the two listed below that have been named as buys.

Here's why analysts rate them highly right now:

Macquarie Group Ltd (ASX: MQG)

The first ASX 200 dividend share to buy could be investment bank, Macquarie.

Analysts at Morgans are positive on the company and believe Macquarie is well-placed for the long term thanks partly to structural drivers.

It highlights the company's "exposure to long-term structural growth areas such as infrastructure and renewables" and its potential to "benefit from recent market volatility through its trading businesses."

Morgans has an add rating and $222.80 price target on Macquarie's shares.

In respect to dividends, the broker is expecting Macquarie to pay partially franked dividends of $8.28 per share in FY 2023 and $7.64 per share in FY 2024. Based on the current Macquarie share price of $185.47, this implies yields of 4.5% and 4.1%, respectively.

Woolworths Limited (ASX: WOW)

Another ASX 200 dividend share that has been named as a buy is Woolworths.

Goldman Sachs rates the retail giant highly thanks to its strong market position and digital leadership. The broker is expecting the latter to support further market share and margin gains in the future, which could be good news for its earnings and dividend growth.

Goldman currently has a conviction buy rating and $41.00 price target on the company's shares.

As for dividends, the broker is forecasting fully franked dividends of $1.03 per share in FY 2023 and $1.16 per share in FY 2024. Based on the current Woolworths share price of $36.48, this will mean yields of 2.8% and 3.2%, respectively.

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 positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Beautiful young couple enjoying in shopping, symbolising passive income.
Dividend Investing

2 ASX income stocks I would buy with $2,500 in January

Looking to invest $2,500 for income? These two ASX shares offer reliable dividends backed by essential assets and long-term relevance.

Read more »

A retiree relaxing in the pool and giving a thumbs up.
Healthcare Shares

1 ASX dividend stock down 36% I'd buy right now

This business looks like it’s priced too cheaply.

Read more »

A man holding a cup of coffee puts his thumb up and smiles while at laptop.
Dividend Investing

Analysts say these ASX dividend shares are top buys

Let's see which shares they are recommending to clients this week.

Read more »

A gold bear and bull face off on a share market chart
Dividend Investing

Own MNRS or ARMR ETFs? Here's why it's a big day for you

Betashares will pay its ASX ETF dividends today.

Read more »

View of a business man's hand passing a $100 note to another with a bank in the background.
Dividend Investing

Own IOZ or ISO ETFs? It's dividend payday for you!

Here's how much you will receive today.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Vanguard will pay ASX ETF dividends today

Invested in ASX VAS or other Vanguard ETFs? Here's how much you will receive today.

Read more »

Woman relaxing at home on a chair with hands behind back and feet in the air.
Dividend Investing

ASX income stocks: A once-in-a-decade chance to get rich

When income stocks fall out of favour, long-term investors often find their best opportunities hiding in plain sight.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Want to build up passive income? These 2 ASX dividend shares are a buy!

These stocks are giving investors exciting payouts every year.

Read more »