If you're looking for dividends to boost your income, then you may want to consider the two ASX 200 shares listed below.
Both of these ASX 200 dividend shares have been named as buys by Goldman Sachs and tipped to provide investors with attractive fully franked yields. Here's what you need to know about these shares:
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Endeavour Group Ltd (ASX: EDV)
Goldman Sachs thinks that Endeavour could be an ASX 200 dividend share to buy.
The broker likes the company due to its industry-leading position and attractive valuation following recent weakness. It explains:
EDV, which has been over-sold on recent Victorian gaming restriction news that is unlikely to have a significant impact on earnings and hence we reiterate Buy, and now add to Conviction List given attractive valuation for a clear leader in a staples Retailer; and 2) accelerated consolidation opportunity remains in tougher hotels environment.
In respect to dividends, Goldman is forecasting fully franked dividends of approximately 21 cents per share in FY 2023 and 22 cents per share in FY 2024. Based on the current Endeavour share price of $6.02, this equates to yields of 3.5% and 3.65%, respectively.
Goldman has a buy rating and a $7 price target on the company's shares.
Super Retail Group Ltd (ASX: SUL)
Another ASX 200 dividend share that Goldman Sachs is positive on is Super Retail. It is the retailer behind the BCF, Macpac, Rebel, and Super Cheap Auto brands.
The broker believes Super Retail's shares are great value at the current level, especially given the resilience of its businesses and its loyalty program. Goldman expects the latter to be a big competitive advantage. It explains:
We believe that the company's positive trading update continues to display resilience that is built upon its competitive advantage of high loyalty (~10m active members accounting for >70% of sales) and this will be further bolstered in 2H23 as the company launches the Rebel loyalty program and continues to build personalisation capabilities.
Goldman is expecting this to underpin fully franked dividends per share of 71 cents in FY 2023 and then 63 cents in FY 2024. Based on the current Super Retail share price of $12.40, this will mean yields of 5.7% and 5.1%, respectively.
Its analysts have a buy rating and a $13.60 price target on its shares.
