Brokers name 2 ASX 200 dividend shares to buy

Here are two dividend shares analysts rate highly…

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If you’re looking for dividend shares to buy then you may want to look at the ones below that brokers are recommending.

Here’s what analysts are saying about these ASX 200 dividend shares:

National Australia Bank Ltd (ASX: NAB)

The first ASX 200 dividend share to look at is banking giant NAB. It has been tipped as a buy by the team at Bell Potter, which has a buy rating and $32.00 price target on its shares.

The broker has been pleased with NAB’s performance over the last 12 months and remains positive on its outlook. Particularly given the acquisitions of 86 400 and Citi’s Australian consumer business.

Bell Potter commented: “NAB is now the second largest major bank by market capitalisation. The payout ratio is now close to its maximum, being 65-75% of cash earnings. ROE was 10.7% in FY21 and still climbing, while CET1 ratio was 13% and ahead of the 10.75-11.25% target range. The bank still intends to return surplus capital, being 40% complete. The acquisition of 86 400 plus the proposed acquisition of Citigroup’s Australian consumer business will see the bank achieve scale in digital and consumer banking offerings.”

Its analysts have pencilled in fully franked dividends per share of 132.5 cents in FY 2022 and then 134.5 cents in FY 2023. Based on the current NAB share price of $29.45, this equates to fully franked yields of 4.5% and 4.6%, respectively.

Transurban Group (ASX: TCL)

Another ASX 200 dividend share to look at is Transurban. It is one of the world’s leading toll road operators with a portfolio of key roads in Australia and North America. It also has a number of development projects that look likely to support its growth over the next decade.

The team at Morgans is positive on Transurban. This is due largely to its exposure to a number of drivers which are expected to boost traffic on its roads. The broker has an add rating and $14.57 price target on its shares.

It commented: “We view TCL as a high quality pure-play toll road infrastructure portfolio benefitting from employment and population growth, urbanisation, and the value of time, with particular exposure to the east coast capital cities in Australia.”

As for dividends, the broker is forecasting dividends per share of 35 cents in FY 2022 and then 55.3 cents in FY 2023. Based on the current Transurban share price of $13.24, this implies yields of 2.65% and 4.2%, respectively.

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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.

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