Fortunately for income investors, there are plenty of dividend shares to choose from on the Australian share market.
Two that analysts believe could be top buys right now are listed below. Here's why they are positive on these ASX 200 dividend shares:
HomeCo Daily Needs REIT (ASX: HDN)
The first ASX 200 dividend share that has been tipped as a buy is HomeCo Daily Needs.
As you might have guessed from its name, this property investment company has a focus on daily needs assets. These are properties found across neighbourhood retail, large format retail, and health and services.
Morgans is positive on the company and believes it is well-positioned to benefit from "accelerating click & collect trends" and its development pipeline.
The broker expects this to underpin dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.20, this will mean dividend yields of 6.9% and 7%, respectively.
Morgans has an add rating and a $1.50 price target on its shares.
National Australia Bank Ltd (ASX: NAB)
Another ASX 200 dividend share that has been named as a buy is NAB.
It is one of Australia's big four banks and the owner of the NAB, UBank, and Bank of New Zealand brands.
Goldman Sachs is feeling positive on the bank in the current environment. This is because it sees "volume momentum over the next 12 months as favouring commercial volumes over housing volumes, and we believe NAB provides the best exposure to this thematic."
In respect to dividends, Goldman is expecting this to underpin fully franked dividends of $1.66 per share in FY 2023 and FY 2024. Based on the current NAB share price of $27.69, this implies yields of 6% in both years.
Goldman Sachs has a buy rating and a $30.69 price target on the bank's shares.
