In good news for shareholders, analysts are expecting the National Australia Bank Ltd (ASX: NAB) dividend to rise over the next few years.
The ASX 200 bank stocks are popular with investors primarily because of the passive income they deliver.
So, let's check out what the analysts reckon NAB shares will pay in 2024, 2025, and 2026.
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NAB dividend in 2024
The NAB interim dividend is due to be announced in May with the bank's FY24 half-yearly results.
Currently, the consensus forecast among analysts on CommSec is for NAB shares to pay a total annual dividend of $1.68 this year.
That's only a tad up on last year's dividend of $1.67.
Based on the NAB share price of $34.17 at the time of writing, $1.67 equates to a yield of 4.89%.
That's above the average dividend yield for S&P/ASX 200 Index (ASX: XJO) stocks of 4%.
However, NAB dividends are also fully franked, so when we add the franking in we get a gross yield of 6.98%.
That's a lot better than the interest rate on any savings account you might have at NAB!
What about future NAB dividends?
Next year, the consensus forecast is for the bank to pay a total annual dividend of $1.69.
That doesn't move the yield up much from 2024.
If you buy NAB shares at today's price, you're looking at a yield of 4.94% in 2025 (or almost 7.1% gross).
In 2026, the experts expect a dividend of $1.71, which equals a yield of 5% (or 7.14% gross).
