While the Australian share market typically provides investors with an average dividend yield of 4%, income investors don't have to settle for that.
That's because some ASX 200 shares are tipped to reward their shareholders with even larger yields.
For example, listed below are two buy-rated ASX 200 dividend shares that analysts are expecting to provide investors with a big income boost this year and next. Here's what you need to know about them:
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Charter Hall Retail REIT (ASX: CQR)
Analysts at Citi are positive on this supermarket anchored neighbourhood and sub-regional shopping centre markets-focused property company.
The broker likes the ASX 200 dividend share due partly to its "defensive net property income growth."
In addition, Citi is expecting the company to be in a position to pay some big dividends in the near term. It is forecasting dividends per share of 25 cents in both FY 2024 and FY 2025.
Based on the current Charter Hall Retail REIT share price of $3.62, this will mean very generous yields of 6.9% for income investors.
Citi currently has a buy rating and a $4 price target on its shares.
Telstra Corporation Ltd (ASX: TLS)
Goldman Sachs thinks that Telstra would be an ASX 200 dividend share to buy right now.
After battling through a very difficult time over the last decade, the telco giant has returned to form and is now expecting to deliver solid and sustainable earnings growth over the coming years.
Goldman is expecting this to put Telstra in a position to pay fully franked dividends of 18 cents per share dividends in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.92, this equates to yields of 4.6% and 4.85%, respectively.
Goldman currently has a buy rating and a $4.70 price target on the company's shares.
