There are plenty of ASX dividend stocks for investors to choose from. But which ones should you buy this month?
Two that Goldman Sachs has recently tipped as buys and is expecting to offer attractive dividend yields are listed below.
Here's why the broker is positive on them:
APM Human Services International Ltd (ASX: APM)
The first ASX dividend share that Goldman Sachs rates as a buy is APM Human Services. It is an international health and human services provider.
The broker is feeling very positive about the company's outlook and is forecasting strong earnings growth through to at least FY 2025. This is a big win in the current environment, where growth could be hard to come buy.
It is for this reason that Goldman feels the market is "under appreciating APM's ability to generate sustainable earnings growth (GSe 14% EPS CAGR, FY22-25E)."
As for dividends, the broker is forecasting dividends per share of 10 cents in FY 2023 and 11 cents in FY 2024. Based on the current APM share price of $2.10, this equates to yields of 4.75% and 5.2%, respectively.
Goldman has a buy rating and a $3.75 price target on its shares.
National Australia Bank Ltd (ASX: NAB)
Another ASX dividend share that Goldman has named as a buy is big four bank, NAB.
Its analysts are positive on the bank in the current environment due to its exposure to commercial lending.
This is because Goldman sees "volume momentum over the next 12 months as favouring commercial volumes over housing volumes" and the broker believes "NAB provides the best exposure to this thematic."
Its analysts are expecting this exposure to support fully franked dividends of $1.66 per share in FY 2023 and FY 2024. Based on the current NAB share price of $25.66, this implies yields of 6.5% in both years.
Goldman Sachs has a buy rating and a $30.69 price target on its shares.
