Income investors are spoilt for choice on the Australian share market.
The local bourse is home to a large number of quality dividend stocks that offer attractive potential yields.
But which ones could be buys this week? Two that brokers rate highly are listed below. Here's what you need to know about them:
National Australia Bank Ltd (ASX: NAB)
The first ASX dividend stock that has been named as a buy is big four bank, NAB.
The team at Goldman Sachs is positive on the bank. This is because it believes it is well-positioned in the current environment due to its commercial lending business. Its analysts see "volume momentum over the next 12 months as favouring commercial volumes over housing volumes."
The broker is expecting this to underpin fully franked dividends of $1.62 per share in FY 2024 and FY 2025. Based on the current NAB share price of $29.75, this implies yields of 5.3% in both years.
Goldman Sachs has a buy rating and a $30.52 price target on its shares.
Premier Investments Limited (ASX: PMV)
Another ASX dividend stock to consider buying is Premier Investments.
It is the retail conglomerate behind popular brands such as Just Jeans, Peter Alexander, and Smiggle.
Analysts at Morgan Stanley are positive on the company. In response to its recent update, the broker retained its overweight rating and $32 price target. The broker believes the company could outperform its guidance in FY 2024.
As for income, it is forecasting fully franked dividends per share of $1 in FY 2024 and then $1.06 in FY 2025. Based on the latest Premier Investments share price of $26.41, this will mean yields of 3.8% and 4%, respectively, for investors.
