Broker names 2 excellent ASX 200 dividend shares to buy

a man in a snappy business suit looks disappointed as he counts bank notes in his hand.

a man in a snappy business suit looks disappointed as he counts bank notes in his hand.

Looking for dividend shares for you income portfolio? If you are, you may want to check out the two listed below that have been rated as buys by the team at Goldman Sachs.

Here’s what you need to know about these ASX 200 dividend shares:

Harvey Norman Holdings Limited (ASX: HVN)

The first ASX 200 dividend share that Goldman Sachs is a fan of is retail giant Harvey Norman.

Goldman likes Harvey Norman due to its belief that it “has a greater preference within the boomer generation and a higher exposure to regional Australia.” Its analysts believe this shields the company from online disruption.

In addition, the broker is forecasting some very big dividend yields. It expects fully franked yields of 8.9% in FY 2022 and 8.2% in FY 2023.

In addition, Goldman sees plenty of value in the current Harvey Norman share price. It has put a buy rating and $5.80 price target on its shares.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share that Goldman Sachs is a fan of is banking giant NAB.

In fact, the broker believes it is the best option for investors in the sector right now. This is due partly to NAB’s balance sheet mix, which Goldman feels provides the best exposure to the domestic system growth. It also highlights that NAB’s franchise is performing strongly, growing at or above system growth in most segments.

The broker is also expecting the bank’s shares to provide income investors with attractive yields in the coming years. Its analysts expect yields of 4.7% in FY 2022, 5.1% in FY 2023, and 5.3% in FY 2024.

Goldman has a conviction buy rating and $34.17 price target on the bank’s shares.

The post Broker names 2 excellent ASX 200 dividend shares to buy appeared first on The Motley Fool Australia.

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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 positions in and has recommended Harvey Norman Holdings Ltd. The Motley Fool Australia has positions in and has recommended Harvey Norman Holdings Ltd. 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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