Analysts say these ASX 200 dividend stocks are top buys

These dividend stocks could offer big yields for investors in the near term.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking to bolster your income portfolio with some new dividend stocks this month?

If you are, you may want to look at the two listed below that have been forecast to provide attractive yields. Here's what you need to know about these buy-rated ASX 200 dividend stocks:

Happy man holding Australian dollar notes, representing dividends.

Image source: Getty Images

National Australia Bank Ltd (ASX: NAB)

The first ASX 200 dividend stock that has been named as a buy is big four bank, NAB.

Goldman Sachs is positive on the bank in the current environment. This is due to NAB's exposure to commercial lending and its belief that "volume momentum over the next 12 months as favouring commercial volumes over housing volumes."

In respect to dividends, the broker is expecting this to underpin fully franked dividends of $1.68 per share in FY 2023 and FY 2024. Based on the current NAB share price of $28.84, this implies yields of 5.8% in both years.

Goldman Sachs has a buy rating and $33.06 price target on its shares.

Stockland Corporation Ltd (ASX: SGP)

Another ASX 200 dividend stock that could be a buy is Stockland. It is a residential and land lease developer and retail, logistics, and office real estate property manager.

Citi is a fan of the company and recently named it as its top pick in the sector. The broker believes the market is being too negative on Stockland and doesn't expect property prices to fall as much as feared.

Its analysts are also forecasting some big dividend yields in the near term. Citi expects dividends per share of 27 cents in FY 2023 and FY 2024. Based on the current Stockland share price of $4.45, this will mean sizeable yields of 6.1% in both financial years.

The broker currently has a buy rating and $4.70 price target on its shares.

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 Scott Phillips.

More on Dividend Investing

an older woman holds a handful of paper money in her hands and looks at them with a slightly crazy smile on her face wearing her spectacles on a string as a lot of older people do.
Dividend Investing

2 ASX dividend shares with yields above 7%

These stocks offer significant passive income.

Read more »

a graph indicating escalating results
Dividend Investing

$1,000 buys 326 shares in an incredibly reliable ASX dividend stock

This business offers large and growing dividend payouts.

Read more »

A man happily kisses a $50 note scrunched up in his hands representing the best ASX dividend stocks in Australia today
Dividend Investing

This ASX dividend share just blew me away

This dividend growth is crazy.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

How many Brambles shares do I need to buy for $5,000 per year of passive income?

Find out how much you could earn off your Brambles shares.

Read more »

Woman flexes muscles after donating blood.
Healthcare Shares

CSL shares: 1 number that investors shouldn't ignore

This one number has me rethinking a CSL investment.

Read more »

Stacks of Australian dollar currency banknotes.
Dividend Investing

Up 40%! Are Woodside shares still a good buy for passive income now?

After soaring 40% this year, are Woodside’s fully-franked dividends still a good passive income investment?

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

I'd buy 36,519 shares of this ASX stock to aim for $1,000 a month of passive income

This business is a top contender for providing passive income.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

3 top ASX dividend shares to buy now

One of these picks offers a potential 6.9% dividend yield.

Read more »