Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts

Do you want a passive income boost? If you do, then the ASX dividend shares listed below that analysts have named as buys could help you.

Here’s why these could be passive income shares to buy now:

Transurban Group (ASX: TCL)

The first ASX 200 dividend share for investors to consider buying is toll road operator Transurban.

Analysts at Citi are positive on the company. They were pleased with last month’s half-year results and appear confident that it can build on this in the second half and FY 2024. Particularly given that “CPI-linked increases come through with a delay,” which the broker believes is “indicating a strong growth path ahead.”

In respect to dividends, the broker is forecasting dividends per share of 58 cents in FY 2023 and then 60 cents in FY 2024. Based on the current Transurban share price of $14.12, this will mean yields of 4.1% and 4.25%, respectively.

Citi has a buy rating and $16.00 price target on its shares.

Woolworths Limited (ASX: WOW)

Another ASX 200 dividend share that has could provide investors with a passive income boost is Woolworths.

Goldman Sachs is very positive on the company and has it on its conviction list. It is a fan due to Woolworths’ strong market position and digital leadership, which it expects to support further market share and margin gains.

As for dividends, the broker is forecasting fully franked dividends of $1.03 per share in FY 2023 and $1.16 per share in FY 2024. Based on the current Woolworths share price of $37.32, this will mean yields of 2.8% and 3.1%, respectively.

Goldman has a conviction buy rating and $41.00 price target on the company’s shares.

The post Give yourself a passive income boost with these growing ASX 200 dividend shares: analysts appeared first on The Motley Fool Australia.

(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

• ‘Increased confidence’: Alphinity reveals 2 ASX 200 shares it just bought
• Experts name 2 high quality ASX 200 shares to buy for your retirement portfolio
• Where I would go hunting for defensive ASX 200 shares with upside
• Top brokers name 3 ASX shares to buy next week
• Buy these ASX dividend shares next week: analysts

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/WcDz6dL