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

Two people climb to the summit and raise their arms in success as the sun rises brightly over the mountains.
Dividend Investing

2 ASX dividend shares yielding 7% or more

If you're looking for dividend shares which pay around 7%, these are two of my picks.

Read more »

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

Why this quality ASX dividend share is tipped to surge 55%

A leading broker expects this ASX stock could rocket 55% atop paying two annual dividends.

Read more »

Happy dad watching tv with kids, symbolising passive income.
Dividend Investing

3 ASX dividend shares I'd buy for reliable passive income

I think building income from ASX shares starts with choosing the right types of businesses.

Read more »

A mature aged man with grey hair and glasses holds a fan of Australian hundred dollar bills up against his mouth and looks skywards with his eyes as though he is thinking what he might do with the cash.
Dividend Investing

Is this one of the best ASX passive income stocks to buy right now?

This business is paying a great level of income…

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

1 ASX dividend stock down 43% I'd buy right now

This business is a leading idea for passive income!

Read more »

Australian notes and coins symbolising dividends.
Dividend Investing

$1,000 buys 100 shares in an incredibly reliable ASX 200 dividend stock

This business has been very resilient and still looks like a great buy.

Read more »

Woman holding $50 notes with a delighted face.
Dividend Investing

Why this ASX dividend share is a retiree's dream

This stock can offer investors everything they want in retirement.

Read more »

Man holding Australian dollar notes, symbolising dividends.
Dividend Investing

Why ASX dividend investing still works for building long-term wealth

Here's a strategy that continues to deliver results for investors.

Read more »