When the time comes to hang up your hat and enjoy your retirement, wouldn't it be nice to own a few high-yielding S&P/ASX 200 Index (ASX: XJO) dividend stocks to boost your superannuation income?
If you're still with me, I'll assume your answer, like mine, is a resounding 'yes'.
To give you an idea of the important role dividends can play in putting some extra cash in your pocket on top of your superannuation drawdowns in retirement, over the past five years, the ASX 200 has gained a respectable 22.8%.
However, the S&P/ASX 200 Gross Total Return Index (ASX: XJT) – which includes all cash dividends reinvested on the ex-dividend date – has more than doubled those returns, up 48.6% in five years.
Now, I suspect that when you do opt to retire, you'll no longer reinvest all (or maybe any) of the passive income you're receiving from ASX 200 dividend stocks.
Which, generally, is the idea.
With this in mind, here are two high-yielding, blue-chip stocks you may wish to buy for a superannuation income boost.
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Drilling into Fortescue Ltd (ASX: FMG) shares for passive income
The first ASX 200 dividend stock you might want to start accumulating for retirement-boosting passive income is Fortescue.
The Aussie mining giant has a lengthy track record of paying two fully-franked dividends a year. And the Fortescue share price has been on a tear.
At Thursday's closing price of $21.72, shares are up 34.66% over the past 12 months.
While the future is inherently unknown, I believe Fortescue appears well-placed to continue delivering long-term capital gains and dividends.
This past year saw Fortescue pay a fully-franked final dividend of 60 cents per share on 26 September. The ASX 200 miner then paid a 62-cent per share fully franked interim dividend on 30 March.
That equates to a total of $1.22 per share in fully-franked dividends.
At Thursday's closing price, this sees Fortescue shares trading on a 5.6% fully-franked trailing dividend yield. Taking those franking credits into account, that works out to around an 8% grossed-up yield.
Which brings us to the second ASX stock you might want to buy to boost your superannuation income in retirement.
Buy the dip on this ASX 200 dividend stock
That stock is Qantas Airways Ltd (ASX: QAN).
At Thursday's closing price of $8.71, Qantas shares are down 14.69% over the last 12 months.
But I don't find that retrace overly concerning.
That's because the majority of those losses have occurred after the outbreak of the Middle East conflict on 28 February and the resulting surge in jet fuel costs. And while the Iran war may well drag on longer than we'd like, it will end eventually.
As for the super-boosting passive income on offer from this ASX 200 dividend stock, Qantas paid a final fully-franked dividend of 26.4 cents a share on 15 October. And the airline paid a fully-franked interim dividend of 19.8 cents a share on 15 April. That comes out to a full-year payout of 46.2 cents a share.
At Thursday's closing price, this sees Qantas shares trading on a 5.3% fully franked trailing dividend yield. Or a grossed up yield of 7.6% with those franking credits in play.
