Are you looking for big dividend yields? Then look no further!

Two shares that have been rated as buys and tipped to provide investors with big dividend yields by Goldman Sachs are listed below.

Here’s what its analysts are saying about these dividend shares right now:

BHP Group Ltd (ASX: BHP)

If you don’t mind investing in the mining sector, then BHP could be a top option to consider.

That’s because Goldman Sachs is expecting this mining giant to provide investors with some very big dividend yields in the near future.

For example, the broker is forecasting fully franked dividends of US$2.05 (A$3.09) per share in FY 2023 and US$1.63 (A$2.46) per share in FY 2024. Based on the current BHP share price of $44.24, this will mean dividend yields of 7% and 5.6%, respectively.

Goldman also sees potential for BHP shares to rise from current levels. It currently has a buy rating and $49.90 price target on its shares.

Universal Store Holdings Ltd (ASX: UNI)

Another ASX share that has been tipped to provide a big dividend yield is Universal Store. It is a youth fashion retailer behind brands including Perfect Stranger, Thrills, and (of course) Universal Store.

Goldman Sachs is very positive on the retailer. It advised that this is due to “UNI’s strong medium term growth drivers in the form of 1) significant store roll out opportunity, with the youth fashion market under-penetrated in our view, and 2) compelling margin improvement opportunities from retailing private label apparel.”

The broker is expecting this to underpin fully franked dividends per share of 24 cents in FY 2023 and 31 cents in FY 2024. Based on the current Universal Store share price of $4.40, this will mean dividend yields of 5.45% and 7%, respectively.

As with BHP, Goldman sees plenty of room for Universal Store’s shares to rise from where they currently trade. The broker has an add rating and $7.45 price target on them.

The post Buy these ASX shares with big dividend yields: Goldman Sachs appeared first on The Motley Fool Australia.

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More reading

• Why is the BHP share price outpeforming the ASX 200 today?
• How does the Fortescue dividend stack up against BHP and Rio?
• I’d invest $3,000 each in these ASX dividend shares for almost $1,000 in annual income
• Why the BHP dividend forecast has caught my attention!
• Goldman Sachs says these ASX dividend stocks with big yields are buys

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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