If you're looking for passive income, then it could be worth checking out the two ASX 200 dividend shares listed below that Goldman Sachs is bullish on.
Here's what you need to know about these income options:
Image source: Getty Images
Endeavour Group Ltd (ASX: EDV)
Goldman Sachs believes that this drinks company could be a quality option ASX 200 dividend share for investors to buy right now. Its analysts currently have a buy rating and $7.50 price target on the company's shares.
The broker likes the company due to its industry-leading position and attractive valuation. It highlights that its shares are currently trading under "~20x P/E implying 2.4x PEG which remains attractive relative to the rest of our Consumer coverage."
This could make them great value, particularly given that Goldman's "forecasts imply 4.4% sales CAGR and 8.3% EPS CAGR FY22-25e."
As for dividends, the broker is forecasting fully franked dividend of approximately 22 cents per share in FY 2023 and 24 cents per share in FY 2024. Based on the current Endeavour share price of $6.05, this equates to yields of 3.6% and 4%, respectively.
South32 Ltd (ASX: S32)
South32 could be an ASX 200 dividend share to buy if you're not averse to investing in the mining sector.
That's the view of analysts at Goldman Sachs, which are very positive on the mining giant.
They like the company due to its attractive valuation, the favourable outlook of key commodities, and the potential for big dividends in the near future.
In respect to the latter, Goldman is forecasting a fully franked 4.5% yield in FY 2023 and an 11% yield in FY 2024.
The broker also sees plenty of upside for the miner's shares over the next 12 months. It has a buy rating and $4.80 price target on South32's shares.
