If youâre looking for dividend shares to buy then you may want to look at the two below that brokers are recommending.
Hereâs what brokers are saying about these ASX dividend shares:
National Australia Bank Ltd (ASX: NAB)
The first ASX dividend share to look at is banking giant NAB. It could be a top option for investors after recent weakness in the sector.
Particularly given its strong position in business banking, which is expected to perform far better than retail banking in the current environment. It is for this reason that analysts at Goldman Sachs currently have a conviction buy rating and $34.26 price target on its shares.
Its analysts said: âNABâs balance sheet mix provides the best exposure to the domestic system growth we foresee over the next 12-18 months, which should favour commercial over mortgage lending.â
As for dividends, the broker has pencilled in fully franked dividends per share of 151 cents in FY 2022 and then 168 cents in FY 2023. Based on the current NAB share price of $27.02, this equates to yields of 5.6% and 6.2%, respectively.
Transurban Group (ASX: TCL)
Another ASX dividend share to consider is toll road operator Transurban.
Morgans is positive on Transurban and currently has an add rating and $14.42 price target on its shares. Its analysts are expecting the companyâs dividends to recover quickly from the pandemic as traffic returns to its key roads.
It commented: âWatch for rapid recovery in DPS alongside traffic recovery and WestConnex acquisition prospects.â
For now, Morgans is forecasting dividends per share of 37 cents in FY 2022 and then 60 cents in FY 2023. Based on the current Transurban share price, this implies yields of 2.6% and 4.3%, respectively.
The post Brokers name 2 ASX dividend shares to buy next week appeared first on The Motley Fool Australia.
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More reading
- Here’s 3 popular ASX shares that are trading ex-dividend next week
- Are NAB shares really offering a dividend yield above 5%?
- Should you ‘buy the dip’ in ASX 200 bank shares?
- What’s the outlook for ASX 200 bank dividends?
- Is the NAB share price about to hit the comeback trail?
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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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