If youâre looking for dividend shares to buy for 2023 to boost your passive income, then you may want to look at the two listed below.
Hereâs why analysts rate these growing ASX 200 dividend shares highly:
Santos Ltd (ASX: STO)
The first ASX 200 dividend share that could be a buy is Santos.
It is one of the region’s largest energy producers, aiming to deliver production of 103-106 million barrels of oil equivalent (mmboe) in FY 2022.
The team at Morgans is positive on the company due to its “growth profile and diversified earnings base.” The broker believes this leaves it “well placed to outperform against a backdrop of a broader sector recovery.”
Morgans is expecting this to underpin dividends per share of 23 cents in FY 2022 and 24.4 cents in FY 2023. Based on the current Santos share price of $6.99, this will mean yields of 3.3% and 3.5%, respectively.
Morgans has an add rating and $9.00 price target on its shares, which suggests material upside potential in 2023.
Woolworths Limited (ASX: WOW)
Another ASX 200 dividend share that could be a buy is Woolworths.
Goldman Sachs is a very big fan of the retail giant. It likes the company due to its strong market position and digital leadership. The broker expects the latter to support further market share and margin gains in the coming years, which bodes well for its earnings and dividend growth.
In the meantime, it is forecasting fully franked dividends of $1.02 per share in FY 2023 and $1.13 per share in FY 2024. Based on the current Woolworths share price of $33.21, this will mean yields of 3.1% and 3.4%, respectively.
Goldman currently has a conviction buy rating and $41.70 price target on the companyâs shares.
The post Buy these growing ASX 200 dividend shares in 2023: experts appeared first on The Motley Fool Australia.
You beat inflation buying stocks that pay the biggest dividends right? Sorry, you could be falling into a ‘dividend trap’…
Mammoth dividend yields may look good on the surface… But just because a company is writing big cheques now, doesn’t mean it’ll always be the case. Right now, ‘dividend traps’ are ready to catch unwary investors as they race to income stocks to fight inflation.
This FREE report reveals 3 stocks not only boasting sustainable dividends but that also have strong potential for massive long term returns…
Yes, Claim my FREE copy!
*Returns as of December 1 2022
(function() {
function setButtonColorDefaults(param, property, defaultValue) {
if( !param || !param.includes(‘#’)) {
var button = document.getElementsByClassName(“pitch-snippet”)[0].getElementsByClassName(“pitch-button”)[0];
button.style[property] = defaultValue;
}
}
setButtonColorDefaults(“#0095C8”, ‘background’, ‘#5FA85D’);
setButtonColorDefaults(“#0095C8”, ‘border-color’, ‘#43A24A’);
setButtonColorDefaults(“#fff”, ‘color’, ‘#fff’);
})()
More reading
- Why are ASX 200 energy shares falling today?
- 5 things to watch on the ASX 200 on Tuesday
- With hardly any savings at 40, Iâd use the Warren Buffett method for generating passive income
- 3 steps to generating passive income with ASX 200 dividend shares in 2023
- 5 things to watch on the ASX 200 on Thursday
Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
from The Motley Fool Australia https://ift.tt/treRaD0
Leave a Reply