Are you wanting for a passive income boost? If you are, then you may want to look at the quality ASX 200 dividend shares listed below.

Here’s why these dividend shares could be top options this year:

Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to look at buying is Deterra Royalties.

Although found in the mining sector, it isn’t actually a miner. Instead, it is the owner of a portfolio of royalty assets across a range of commodities.

One of the key assets in the company’s portfolio is the Mining Area C (MAC) iron ore operation. It is part of Western Australia Iron Ore (WAIO) and operated by mining giant BHP Group Ltd (ASX: BHP).

The team at Citi is positive on the company and has a buy rating and $5.10 price target on its shares.

As for dividends, Citi is forecasting fully franked dividends per share of 30 cents in FY 2023 and FY 2024. Based on the current Deterra Royalties share price of $4.84, this will mean yields of 6.2% for both years.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share for income investors to consider is NAB.

It is of course one of Australia’s big four banks, with a particularly strong presence in commercial lending

Goldman Sachs is a fan of the bank. Its analysts like NAB due to its aforementioned exposure to commercial lending, which they expect to perform better than home lending in the current environment.

The broker also believes the work NAB has done on productivity and cost management leaves it well positioned for an environment of elevated inflationary pressure.

In respect to dividends, Goldman Sachs is expecting NAB to pay fully franked dividends of $1.73 per share in FY 2023 and $1.78 per share in FY 2024. Based on the current NAB share price of $31.61, this means yields of 5.5% and 5.6%, respectively.

Goldman has a buy rating and $35.60 price target on its shares.

The post Buy NAB and this ASX 200 dividend share for passive income: brokers appeared first on The Motley Fool Australia.

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More reading

• If you invested $5,000 in NAB shares 5 years ago, here’s how much dividend income you’d have pocketed
• 3 ASX 200 shares that this fund manager loves at these prices
• 5 ASX 200 shares I would buy if I was starting from scratch: expert
• Buy NAB and this ASX 200 blue chip share: brokers
• Macquarie has these ASX 200 dividend shares in its income portfolio

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.

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