Commonwealth Bank of Australia (ASX: CBA) shares have had a tough two week run.

In late afternoon trade on Tuesday, shares in the S&P/ASX 200 Index (ASX: XJO) bank stock were down 1.3%, changing hands for $162.84 apiece.

That marks the eighth consecutive day of losses for Australia’s biggest bank stock. And it sees CBA shares down 9.5% since market close on 6 August, the last day the stock closed in the green.

That’s certainly unwelcome news for longer-term shareholders.

But if you bought shares in the ASX 200 bank yesterday, and held them at market close, then you’ll be getting the all-time high dividend payout management declared when CommBank released its full year FY 2026 results last Wednesday, 12 August.

CBA stock trades ex-dividend today. And at recent share price levels you’ll be getting a significantly higher yield than if you’d bought the stock two weeks ago.

Among the more impressive figures from CBA’s FY 2026 results, the big four bank reported a 6.2% year-on-year increase in operating income to $30.2 billion.

And with profits up as well, management declared a fully franked dividend of $2.70 per share. That represents a 3.9% increase from last year and marks a record passive income payout from the company.

At the recent share price of $162.84, the final dividend alone offers a yield of 1.7%. Eligible stockholders can expect to receive that payout on 29 September.

Of course, that rising dividend means little if CBA’s share price continues to decline in the first half of FY 2027.

Which brings us back to our headline question.

CBA shares: Buy, hold or sell?

Dolphin Partners Financial Services’ Arthur Garipoli recently analysed the outlook for Australia’s biggest bank stock (courtesy of The Bull).

“Cash net profit after tax of $10.982 billion in full year 2026 was up 7% on the prior corresponding period. The net interest margin of 2.05% was down 3 basis points,” he noted of the bank’s full year results.

As for his sell recommendation on CBA shares, Garipoli said:

The bank acknowledged growth is slowing in response to higher interest rates and inflation placing uneven pressure on household incomes and economic activity.

Home loan applications since the federal budget in May fell 15%.

And despite the recent share price decline, Garipoli still has concerns over CBA’s valuation.

He concluded:

CBA is a high-quality bank, but an uncertain Australian economy leaves a challenging outlook at this point. We believe the bank is trading on a stretched valuation, so it may be prudent to lock in some profits.

CBA stock trades on a price to earnings (P/E) ratio of around 26 times, the highest among the big four ASX 200 bank stocks.

The post With $30 billion in FY26 income, should I buy CBA shares today? appeared first on The Motley Fool Australia.

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Motley Fool contributor Bernd Struben 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.

Luckily for income investors, the Australian share market is stacked with ASX dividend shares.

To narrow things down, let’s look at three top dividend shares that could be worth considering this month:

Flight Centre Travel Group Ltd (ASX: FLT)

Flight Centre could be an ASX dividend share to buy now.

The travel agency company has been through an extremely difficult period, but its earnings base is now rebuilding as travel demand normalises and the business becomes more efficient.

Flight Centre has exposure to both leisure and corporate travel, giving it more than one way to benefit if consumers and companies continue spending on trips, events, conferences, and overseas experiences.

The company is also no longer just a pure recovery story. If management can keep costs under control and improve margins, there may be scope for stronger profits and larger dividends over time.

Speaking of which, according to a recent note out of Morgans, its analysts expect a fully franked 48 cents per share dividend in FY 2027. Based on its current share price of $12.75, this would mean a dividend yield of 3.8%.

HomeCo Daily Needs REIT (ASX: HDN)

HomeCo Daily Needs REIT could be another ASX dividend share to buy.

The property company owns a portfolio of neighbourhood and large-format retail assets that are focused on everyday spending.

Its tenants include supermarkets, healthcare providers, pharmacies, pet stores, childcare operators, and other businesses linked to daily needs.

That gives the REIT a relatively defensive flavour. After all, people may delay big-ticket purchases when conditions are tough, but groceries, medicines, healthcare, and essential services remain part of normal household spending.

For FY 2027, Ord Minnett expects a dividend of 8 cents per share. This represents a 6.9% dividend yield at current prices.

Rural Funds Group (ASX: RFF)

Rural Funds could be a third ASX dividend share to buy now.

It owns a portfolio of agricultural assets, including farmland, cattle properties, vineyards, orchards, and water entitlements.

Rather than operating all these assets itself, Rural Funds generally leases them to agricultural businesses under long-term agreements.

That gives investors exposure to agriculture without taking on all the direct operating risk of farming.

Agriculture can be cyclical, and asset values can move around. But demand for food does not disappear, and high-quality agricultural land can be valuable over the long term.

Bell Potter expects this to underpin an 11.7 cents per share dividend in FY 2027. Based on its current share price of $2.18, this would mean a dividend yield of 5.4%.

The post 3 top ASX dividend shares to buy now appeared first on The Motley Fool Australia.

More reading

• Where to invest $5,000 in Australian shares now
• How much do I need to retire on $100,000 a year at 60?
• These are the 10 most shorted ASX shares
• How much is needed in superannuation to target a $2,000 monthly passive income?
• 3 ASX shares to buy for $1000 in monthly passive income

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 positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Flight Centre Travel Group and HomeCo Daily Needs REIT. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

The National Australia Bank Ltd (ASX: NAB) share price has seen its fair share of ups and downs over the last year, as the chart below shows. After the decline, it’s a good time to consider whether the business is attractive for its dividend yield.

The ASX bank share normally offers a pleasing payout because of its fairly generous dividend payout ratio and relatively low price/earnings (P/E) ratio.

A declining share price can present an opportunity because it boosts the dividend yield on offer. If a share price falls 10%, then the dividend yield is boosted by 10%. For example, if the dividend yield was 6% and the share price fell by 10%, the dividend yield would become 6.6%.

Let’s take a look at the appeal of the dividend yield and consider whether the NAB share price is appealing to buy.

Dividend yield from the ASX bank share

The ASX bank share has regularly paid investors a good dividend yield thanks to its rewarding payouts.

Analysts think the ASX bank share’s dividend could be consistent and reliable in the 2026 financial year.

According to the projection on Commsec, the business is forecast to pay an annual dividend per share of $1.70. That translates into a dividend yield of 4.3% excluding franking credits and 6.1% including franking credits.

The business is forecast to increase its dividend per share in the 2027 financial year. That translates into a dividend yield of 4.4% excluding franking credits and 6.2% including franking credits.

Is the NAB share price a buy?

Analysts are a bit mixed on the ASX bank share right now.

According to Commsec’s collation of analyst recommendations about the business, there are currently three buy ratings, seven hold ratings and five sell ratings. While a hold is the most popular rating, the other ratings lean a bit more negative than positive.

NAB recently announced its FY26 third-quarter update, showing it generated $1.83 billion in cash earnings, representing 4% year-over-year growth. Cash earnings rose 2% compared to the FY26 first-half quarterly average.

Earnings growth was driven by 5% year-over-year growth in revenue. Total lending and acceptances rose 6% year-over-year to $817.4 billion, with 4% growth in housing loans to $451.4 billion and 9% growth in housing loans to $352.4 billion.

Based on the projections on Commsec, the NAB share price is valued at 16x FY26’s estimated earnings.

The dividend yield is decent without being significant; however, analysts seem to think there’s better value elsewhere.

The post Is the NAB share price a buy for its 6% dividend yield? appeared first on The Motley Fool Australia.

More reading

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• Buying NAB shares after the sell-off? Here’s the dividend yield you’ll get
• Profits up, home loans down. Why NAB shares are getting smashed on Monday
• National Australia Bank lifts cash earnings, capital in 3Q26 update
• If I invest $10,000 in NAB shares, how much passive income will I receive in 2027?

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 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.