2 quality ASX dividend shares analysts rate as buys

These dividend shares have been named as buys…

| More on:
A woman holds a lightbulb in one hand and a wad of cash in the other

Image source: Getty Images

If you’re looking to strengthen your portfolio with some quality dividend shares, then you might want to take a look at the ones listed below.

Here’s why these ASX dividend shares are highly rated:

Mineral Resources Limited (ASX: MIN)

The first ASX dividend share to look at is Mineral Resources. It is a mining and mining services company with exposure to two of the most in demand commodities – iron ore and lithium.

It is thanks to these high quality operations that the company has been tipped to reward shareholders handsomely with dividends over the next couple of years.

One broker that is very positive on Mineral Resources is Macquarie. Its analysts recently retained their outperform rating and lifted their price target on the company’s shares to $74.00.

The broker is also forecasting fully franked dividends of $2.45 per share in FY 2022 and $2.04 per share in FY 2023. Based on the latest Mineral Resources share price of $56.00, this will mean yields of 4.4% and 3.6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX dividend share to look at is this banking giant. It could be a top option for income investors that don’t already have exposure to the sector.

Goldman Sachs certainly believes it is. NAB continues to be its preferred sector exposure due to the bank’s cost management initiatives, expert margin management, its position as the largest business bank, and its strong capital position.

Goldman Sachs currently has a buy rating and $30.62 price target on the company’s shares. It is also forecasting fully franked dividends of ~125 cents per share in FY 2021 and then ~139 cents per share in FY 2022.

Based on the current NAB share price of $27.63, this will mean yields of 4.5% and 5%, respectively, over the next couple of years.

Wondering where you should invest $1,000 right now?

When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*

Scott just revealed what he believes could be the five best ASX stocks for investors to buy right now. These stocks are trading at near dirt-cheap prices and Scott thinks they could be great buys right now.

*Returns as of January 12th 2022

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 Bruce Jackson.

More on Dividend Investing

Calculator on top of Australian 4100 notes and next to Australian gold coins.
Dividend Investing

Experts name 2 cheap dividend shares to buy now

These dividend shares could be in the buy zone...

Read more »

Calculator on top of Australian 4100 notes and next to Australian gold coins.
Dividend Investing

How big is the BHP dividend yield going to be in 2022 and 2023?

BHP is forecast to pay a large dividend over the next year. How large will the dividend yield be?

Read more »

A woman is left blank after being asked a question, she doesn't know the answer.
Resources Shares

Do any ASX lithium stocks pay dividends?

Do any ASX lithium stocks actually pay out dividends in 2022?

Read more »

Miner holding cash which represents dividends.
Dividend Investing

Which ASX 200 mining share has the highest dividend yield in May?

Bear in mind that a trailing dividend yield is backwards looking. It's no guarantee as to future payments.

Read more »

A woman looks shocked as she drinks a coffee while reading paper.
Dividend Investing

Hoping to bag the next Westpac dividend? Read this

Westpac shares will be one to watch out for over the coming days...

Read more »

A man in business pants, a shirt and a tie lies in the shallows of a beautiful beach as he consults his laptop on the shore, just out of the water's reach.
Dividend Investing

How does the Bank of Queensland dividend compare to the other ASX 200 banks?

We dive into how the Bank of Queensland dividend ranks against the big banks.

Read more »

A young woman lifts her glasses with one hand as if to take a closer look at something as she has a look of surprised interest on her face with her mouth in an O shape.
Dividend Investing

2 ASX shares that could be buys for both growth and dividends

There are a select group of ASX shares that could deliver growth and income.

Read more »

A young boy flexes his big strong muscles at the beach.
Dividend Investing

2 strong ASX dividend shares hiding in plain sight

Here are two ASX shares that keep growing their dividend.

Read more »