National Australia Bank Ltd (ASX: NAB) shares may be one of the most popular ASX dividend options because of the company’s perceived stability and dividend yield.
The ASX bank share usually has a higher dividend yield than competitors like Commonwealth Bank of Australia (ASX: CBA) and Macquarie Group Ltd (ASX: MQG), and a similar yield to names like Westpac Banking Corp (ASX: WBC) and ANZ Group Holdings Ltd (ASX: ANZ).
The NAB dividend has significantly increased since the COVID-19 pandemic headwinds of 2020.
Its recent FY26 half-year result was another example of the ASX bank share’s stability and ability to provide reliable dividends.
In that result, NAB maintained its payout per share at 85 cents per share following underlying cash earnings of $3.6 billion, up 0.1% year-over-year and up 2.3% half-over-half.
In this article, we’re going to look at the annual FY27 dividend, which will be paid in 2027.
2027 dividend project for owners of NAB shares
According to the projection on CMC Invest, the ASX bank share is projected to pay an annual dividend per share of $1.71 in the 2027 financial year. That would be slightly higher than the $1.70 per share projected for FY26.
At the time of writing, this forecast translates into a FY27 dividend yield of 4.6% excluding franking credits and a grossed-up dividend yield of 6.6% including franking credits.
If someone were to invest $8,000 in NAB, they would be able to buy 216 NAB shares (with a little bit of money left over).
With those 216 NAB shares, investors could receive $369.36 of cash and $527.66 overall, including the franking credits, in FY27.
Is this a good time to invest in the ASX bank share?
According to CMC Invest, there have been nine recent rating calls on the business in the last three months.
Of those nine, four of them were a sell, three of them were a hold and two were a sell. So, the investment professionals are slightly more negative than positive about the appeal of the company’s valuation right now.
The average price target of those nine ratings is $38.74. That means, collectively, those analysts are predicting the NAB share price could rise by around 5% within the next year.
Earlier this year, the NAB share price was almost at $50 â it has fallen heavily since then, making it a lot cheaper. But, analysts don’t think it will regain much ground in the near-term.
For now, there seem to be more compelling ASX shares out there to buy.
The post If I invest $8,000 in NAB shares, how much passive income will I receive in 2027? appeared first on The Motley Fool Australia.
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More reading
- Thinking about dividend yields? Here’s how much the top 10 ASX 200 shares pay
- Here’s a 9% ASX dividend stock to consider for a monthly passive income
- ANZ, Westpac, NAB and CBA shares: Analysts rate 2 a hold, and 2 a sell
- Are CBA, Westpac, NAB and ANZ shares heading for more pain?
- Which big four ASX bank stock is the best buy right now?
Motley Fool contributor Tristan Harrison 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 Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.