If you're looking to boost your income with some dividend shares, then the two listed below could be worth considering.
Analysts have recently named these ASX 200 dividend giants as buys. Here's what you need to know about them:
Image Source: Getty Images
BHP Group Ltd (ASX: BHP)
BHP could be an ASX 200 dividend share to buy if you're not averse to investing in the resources sector.
It is of course one of the world's largest mining companies with a collection of world class operations across a number of commodities and geographies.
The team at Citi are very positive on BHP and have previously highlighted the significant free cash flow it is generating from its operations.
It expects this free cash to underpin fully franked dividends per share of $4.32 in FY 2022 and then $3.77 in FY 2023. Based on the current BHP share price of $38.68, this implies yields of 11.1% and 9.7%, respectively.
Citi also sees decent upside for the Big Australian's shares. It currently has a buy rating and $44.50 price target on them.
Westpac Banking Corp (ASX: WBC)
Another ASX 200 dividend share that could be a quality option for income investors is banking giant Westpac.
That's the view of the team at Morgan Stanley which retained its outperform rating and $22.30 price target on the bank's shares last week.
And while this price target means only minimal upside for the shares of Australia's oldest bank, it doesn't stop the dividends from being any less attractive.
Morgan Stanley is expecting Westpac to pay fully franked dividends per share of $1.25 in FY 2022 and $1.30 in FY 2023. Based on the current Westpac share price of $21.51, this will mean yields of 5.8% and 6%, respectively, over the next two years.
