If you’re looking for dividend shares to add to your income portfolio, then it could be a good idea to check out the two listed below.
These ASX 200 dividend shares have been rated as buys by analysts and tipped to provide 5%+ yields. Hereâs what brokers are saying about them:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 200 dividend share for income investors to consider buying is Aurizon.
Australiaâs largest rail freight operator connects miners, primary producers, and industry with international and domestic markets through its extensive national rail and road network.
The team at Morgans is very positive on the company and has an add rating and $3.81 price target on its shares. Its analysts revealed that they âsee value in the stock at current prices, supported by the far higher quality Network and Coal haulage businesses.â
As for dividends, Morgans is forecasting partially franked dividends of 17 cents per share in FY 2023 and then 19 cents per share in FY 2024. Based on the latest Aurizon share price of $3.41, this will mean yields of 5% and 5.6%, respectively.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share that has been rated as a buy is this banking giant.
Goldman Sachs is a fan and currently has a buy rating and $33.06 price target on its shares.
The broker remains positive on NAB in the current environment due to its strong capital position and exposure to commercial lending. Goldman expects the latter to perform better than home lending due to the housing market downturn.
Another positive is the work NAB has already done on productivity and cost management. It feels this âleaves it well positioned for an environment of elevated inflationary pressure.â
In respect to dividends, Goldman Sachs is expecting the bank to pay fully franked dividends of $1.68 per share in FY 2023 and FY 2024. Based on the current NAB share price of $29.10, this means yields of 5.8% in both years.
The post Buy these ASX 200 dividend shares with 5%+ yields: analysts appeared first on The Motley Fool Australia.
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More reading
- Which is the best ASX 200 bank share to buy today?
- Own NAB shares? Hereâs why the bank’s CEO just personally emailed 4m customers
- How much I would need to invest in NAB shares to earn $150 a month in passive income?
- Investor or depositor? Warren Buffett sounds off on banking crisis
- Buy NAB and this ASX dividend share now: analysts
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 recommended Aurizon. 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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