Goldman Sachs says buy these ASX 200 shares for passive income

Here's why Goldman thinks these dividend shares could be top options for income investors right now.

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Are you looking for ASX 200 dividend shares to buy? If you are, you may want to check out the two listed below that Goldman Sachs has tipped to provide attractive yields.

Here's what you need to know about these ASX dividend shares today:

Elders Ltd (ASX: ELD)

The first ASX 200 dividend share that Goldman rates as a buy is agribusiness company, Elders.

Its analysts are very positive on the company's outlook and feel that recent weakness has created a buying opportunity for investors. Particularly given its belief that "the fundamentals of this company remain unchanged, and strong" and that "ELD is very well positioned to grow through the cycle."

The broker currently has a buy rating and $13.20 price target on the company's shares at present.

As for dividends, Goldman is forecasting fully franked dividends per share of 47 cents in FY 2023 and 52 cents in FY 2024. Based on the current Elders share price of $8.39, this will mean yields of 5.6% and 6.2%, respectively.

Westpac Banking Corp (ASX: WBC)

Another ASX 200 dividend share that has been named as a buy by Goldman Sachs is banking giant Westpac.

Its analysts highlight that "while NIM pressures are accelerating across the sector, WBC's shorter-duration replicating portfolio, and current balance sheet performance, should see its NIM outperform peers."

The broker currently has a conviction buy rating and $25.86 price target of the banking giant's shares. This compares very favourably to the latest Westpac share price of $22.25.

In addition, it is forecasting some very attractive fully franked dividend yields in the coming years.

For example, Goldman Sachs expects fully franked dividends of 144 cents per share in FY 2023 and then 150 cents per share in FY 2024. This equates to yields of 6.5% and 6.75%, respectively.

Motley Fool contributor James Mickleboro has positions in Westpac Banking. 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 recommended Elders and Westpac Banking. 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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