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If you are looking for dividend stocks that you can buy, you can look at the two below that are recommended by brokers.
Here’s what brokers have to say about these ASX dividend stocks:
National Australia Bank Ltd. (ASX: NAB)
The first share of ASX dividends to look at is the banking giant NAB. This may be the best option for investors following the recent weakness in the sector.
In particular, given its strong position in business banking, which is expected to perform much better than retail banking in the current environment. It is for this reason that Goldman Sachs analysts currently have a buy rating and a target share price of $ 34.26.
His analysts said: “The balance sheet of the NAB provides the best propensity to grow the domestic system, which we forecast over the next 12-18 months, which should prefer commercial rather than mortgage.”
As for dividends, the broker determined fully franked dividends per share of 151 cents in fiscal year 2022 and then 168 cents in fiscal year 2023. Based on the current NAB stock price of $ 27.02, this equals a yield of 5.6% and 6% respectively. .
Another share of ASX dividends that should be considered is the toll road operator Transurban.
Morgans is positive about Transurban and currently has an additional rating and a target share price of $ 14.42. Its analysts expect the company’s dividends to recover quickly after the pandemic when traffic returns to key roads.
He commented: “Keep an eye on the rapid recovery of DPS along with traffic recovery and the prospects of acquiring WestConnex.”
At the moment, Morgans forecasts dividends per share of 37 cents in fiscal year 20 and then 60 cents in fiscal year 2023. Based on Transurban’s current share price, this means that the returns are 2.6% and 4.3% respectively.