If you're wanting to boost your retirement income with some ASX 200 dividend shares, then you might want to consider the two listed below.
Here's what you need to know about these top stocks:
Telstra Corporation Ltd (ASX: TLS)
Income investors may want to consider buying this telco giant. That's the view of analysts at Goldman Sachs, which believe the company is well-placed for growth thanks to favourable trading conditions and inflation-linked pricing.
In addition, the broker highlights that Telstra is in the process of looking to unlock value through divestments.
All in all, the broker is expecting this to allow Telstra to pay fully franked dividends of 17 cents per share in FY 2023 and 18 cents per share in FY 2024. Based on the current Telstra share price of $4.33, this equates to yields of 3.9% and 4.15%, respectively.
Goldman has a buy rating and a $4.70 price target on the company's shares.
Westpac Banking Corp (ASX: WBC)
Another ASX 200 dividend share that could be a top option for a retirement portfolio (if it doesn't already have meaningful banking sector exposure) is Westpac.
Although the bank recently abandoned its cost reduction target, much to the disappointment of the market, the team at Goldman Sachs isn't too disheartened. This is because the broker believes that Westpac's cost base will remain largely flat, which is a great result in this inflationary environment.
The broker expects this to allow the bank to pay fully franked dividends per share of 140 cents in both FY 2023 and FY 2024. Based on the current Westpac share price of $20.89, this will mean yields of 6.7% in both years.
Goldman currently has a buy rating and a $24.67 price target on the bank's shares.
