National Australia Bank Ltd (ASX: NAB) shares are a popular option for income investors.
Each year, the banking giant shares a decent portion of its profits with investors in the form of dividends.
This traditionally underpins a dividend yield that is greater than the market average.
This was the case in 2023, with NAB recently paying out its 84 cents per share fully franked final dividend.
That payout brought its full-year dividend to $1.67 per share for FY 2023, which equates to a yield of 5.5%.
But that was 2023, what might be on the cards for income investors next year? Will another above-average dividend yield be on the cards?
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How big will the NAB dividend be in 2024?
The good news for income investors is that another generous NAB dividend is expected next year.
For example, according to a note out of Goldman Sachs, its analysts are forecasting a fully franked dividend of $1.62 per share in FY 2024.
While this is a small cut year on year, based on the current NAB share price of $30.51, it will still mean an attractive 5.3% dividend yield for investors.
The team at Macquarie is feeling more positive on the banking giant's dividend outlook. Its analysts have pencilled in a small increase in its dividend to $1.68 per share next year. If this estimate is accurate, it will mean a fully franked 5.5% dividend yield.
Finally, over at Citi, its analysts believe that NAB will be in a position to increase its dividend to $1.71 per share. This represents a 5.6% dividend yield at today's prices.
All in all, the broker community may be somewhat divided on the size of the NAB dividend next year, but they all agree that it will offer a yield greater than 5%.
