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

Small girl giving a fist bump with a piggy bank in front of her.
Dividend Investing

Own ASX IOZ or other iShares ETFs? Here are the dividends you'll get today

BlackRock will pay your dividends today.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

2 ASX shares with dividend yields above 8%

These stocks can provide significant levels of passive income.

Read more »

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

3 excellent ASX dividend shares with 5% to 7% yields to buy

Analysts think these dividend shares are top buys this month.

Read more »

Person holding Australian dollar notes, symbolising dividends.
Dividend Investing

Forget BHP shares! Buy these ASX dividend shares instead for passive income

BHP is solid, but it’s not one of my preferred picks today for passive income.

Read more »

Happy young woman saving money in a piggy bank.
Dividend Investing

Where I'd invest on the ASX for passive income right now

Building passive income isn’t just about yield. These ASX shares highlight what really matters over time.

Read more »

multiple road lanes with cars
Dividend Investing

Which ASX dividend share could you buy and hold forever?

To perform, this ASX stock simply needs people to keep moving.

Read more »

ETF written on wooden blocks with a magnifying glass.
Dividend Investing

Why this is the best income ASX ETF for retirees

This fund offers passive income and growth.

Read more »

A woman looks excited as she holds Australian dollars in the air.
Dividend Investing

How many Wesfarmers shares do I need to buy for $1,000 of annual passive income?

Can the Bunnings and Kmart owner deliver good passive income?

Read more »