Buy these ASX 200 dividend shares for passive income: analysts

Brokers are feeling positive about these dividend-paying stocks…

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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:

Man looking amazed holding $50 Australian notes, representing ASX dividends.

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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.

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