The good news for income investors is that there are a large number of ASX 200 stocks that share a good portion of their profits with shareholders. This makes the share market a great place to generate passive income.
But which ASX 200 shares would be good options right now for a passive income boost? Two that have recently been rated as buys are named below:
BHP Group Ltd (ASX: BHP)
If you're not averse to investing in the mining sector, then BHP could be a top option for income investors. That's because this mining giant has been tipped to provide investors with some very big dividend yields in the near future.
For example, a note out of Goldman Sachs from this morning reveals that its analysts are forecasting fully franked dividend yields of 7% in FY 2023 and 5.6% in FY 2024. This means that $10,000 invested could provide passive income of $700 and $560, respectively.
Another positive is that the broker also sees scope for the BHP share price to rise from current levels. It currently has a buy rating and $49.90 price target on its shares. This implies potential upside of 13.5% over the next 12 months.
Centuria Industrial Reit (ASX: CIP)
Another ASX 200 dividend share that could provide investors with a source of passive income is Centuria Industrial.
It is an industrial-focused property company that owns a portfolio of 88 high-quality, fit-for-purpose industrial assets worth a total of $3.9 billion. These assets are in-demand with users thanks partly to being situated in key in-fill locations and close to key infrastructure.
UBS is very positive on the company and is expecting it to pay dividends per share of 16 cents in both FY 2023 and FY 2024. Based on the current Centuria Industrial share price of $3.13, this represents yields of 5.1% in both financial years. This means that $10,000 invested in its shares could yield $510 of passive income each year.
The broker also sees decent upside for its shares with its buy rating and $3.68 price target.
