If you're looking for dividend shares to buy, then you might want to check out the ASX dividend stocks listed below.
Both of these shares have recently been named as buys by leading brokers. Here's what you need to know:
National Australia Bank Ltd (ASX: NAB)
The first ASX dividend stock that has been named as a buy is banking giant NAB.
Goldman Sachs is a fan of NAB. This is due largely to its exposure to commercial lending and its analysts seeing "volume momentum over the next 12 months as favouring commercial volumes over housing volumes." The broker feels that "NAB provides the best exposure to this thematic."
As a result, Goldman has a buy rating and $30.69 price target on its shares.
In respect to dividends, the broker is forecasting fully franked dividends of $1.66 per share in FY 2023 and FY 2024. Based on the current NAB share price of $26.69, this implies yields of 6.2% in both years.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX dividend stock that has recently been named as a buy is insurance giant QBE.
Analysts at Citi were a touch disappointed with its recent update and its margin downgrade. However, the broker remains positive and believes it is well worth sticking with QBE. It commented:
To us, this still suggests higher margins in future especially once inflation recedes and we are therefore more inclined to the latter view and retain our Buy.
Citi has a buy rating and $16.30 price target on its shares.
In respect to dividends, Citi expects QBE to pay a 56 cents per share dividend in FY 2023 and then a 71 cents per share dividend in FY 2024. Based on the latest QBE share price of $14.93, this equates to yields of 3.75% and 4.75%, respectively.
