Are you looking for dividend shares to buy this week? If you are, then the two listed below could be worth checking out.
Both are in the banking sector but operate in very different ways. Here's what you need to know about these ASX dividend shares:
Macquarie Group Ltd (ASX: MQG)
The first ASX 200 dividend share that could be in the buy zone is this investment bank.
Morgans is a fan and has an add rating and $214.51 price target on the company's shares.
The broker likes Macquarie due to its strong performance in FY 2023 and its structural growth opportunities. It commented:
MQG is a quality franchise, exposed to structural growth areas, and the company has performed exceptionally well in a more difficult FY23 environment. MQG has also consistently delivered attractive returns over time (~15% average ROE) and with >10% share price upside to our price target (A$214), we maintain our ADD recommendation.
In respect to dividends, the broker is expecting partially franked dividends of $7.41 per share in FY 2023 and $7.13 per share in FY 2024. Based on the current Macquarie share price of $176.53, this will mean yields of 4.2% and 4%, respectively.
National Australia Bank Ltd (ASX: NAB)
Goldman Sachs is a fan of this big four bank and sees it as an ASX 200 dividend share to buy.
Its analysts currently have a buy rating and $35.42 price target on its shares.
The broker is positive on NAB due partly to its exposure to commercial lending, which it expects to outperform in the current environment. The broker commented:
We are Buy rated on NAB given: i) we see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic, ii) NAB has delivered the highest levels of productivity over the last three years, which we think leaves it well positioned for an environment of elevated inflationary pressure
As for dividends, Goldman is expecting NAB to pay fully franked dividends of $1.73 per share in FY 2023 and $1.76 per share in FY 2024. Based on the current NAB share price of $28.10, this means yields of 6.15% and 6.25%.
