A lot of investors will be looking for the best dividend shares to buy in 2019 given cash rates sit at just 1%, with asset manger and investment bank Macquarie Group Ltd (ASX: MQG) often tipped as a good option for dividend seekers.
Macquarie has an excellent track record of growth and dished out $5.75 per share (franked to 45%) over its FY 2019 ending March 31 2019, which places it on a trailing yield of 4.55%.
The analysts at Goldman Sachs also took another look at the bank on May 3 2019 after Macquarie handed in its full year results and its new CEO guided investors to expect FY 2020's profit to be "slightly down" on FY 2019.
Goldman's analysts suspect the CEO is being conservative and are forecasting earnings per share growth of 2% in FY 2020 and FY 2021.
Partly on this basis they've slapped a $127.80 12-month share price target on the business and are sitting on the fence with a "neutral" rating on the shares that currently change hands marginally below their price target.
Still Macquarie's heavy overseas exposure means its shares may be a better option than the likes of Commonwealth Bank of Australia (ASX: CBA) or Westpac Banking Corp (ASX: WBC).
