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If you want to add ASX dividend stocks to your portfolio, you should consider the two listed below.
Here’s why analysts believe they may be the best options for investors:
National Australia Bank Ltd. (ASX: NAB)
The first share of ASX dividends to look at is the banking giant NAB.
Goldman Sachs analysts are very positive about the bank and called it their top four. This is partly due to the NAB balance, which, according to Goldman, provides the best propensity to grow the internal system. The broker also emphasizes that the NAB franchise is working hard and growing at a system growth level or higher in most segments.
It is expected that this will be the basis of attractive dividends in the coming years. Goldman forecasts fully open dividends of $ 1.50 per share in fiscal 2022 and $ 1.65 per share in fiscal 2023. Based on NAB’s current share price of $ 31.68, that means a return of 4.7% and 5.1% respectively.
Goldman has a buy rating and a target share price of $ 34.17.
Another share of ASX dividends that is worth seeing is Transurban. It is a leading toll road operator with a portfolio of important roads across Australia and North America. The company also has a number of projects under development that seem to be supporting its long-term growth.
Morgans analysts are positive about Transurban because of its impact on regional populations, employment growth and urbanization. The broker also believes that with the resumption of traffic after the pandemic, its dividends will recover quickly.
As a result, its analysts forecast dividends per share of 37 cents in fiscal year 2022 and then 60 cents in fiscal year 2023. Based on Transurban’s current share price of $ 14.39, that means yields of 2.6% and 4.2% respectively.
Morgans currently has an additional rating and a target price of $ 14.42.