Buy NAB and this ASX 200 dividend share: analysts

Here's why these ASX 200 dividend shares could be buys…

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If you're looking for dividends to boost your income in 2023, then you may want to look at the ASX 200 dividend shares listed below.

Both of these dividend shares have been rated as buys and tipped to provide investors with attractive yields in the coming years. Here's what analysts are saying about these shares:

A couple sits in their lounge room with a large piggy bank on the coffee table. They smile while the male partner feeds some money into the slot while the female partner looks on with an iPad style device in her hands as though they are budgeting.

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Deterra Royalties Ltd (ASX: DRR)

The first ASX 200 dividend share for income investors to consider is Deterra Royalties.

Deterra Royalties is the owner of a portfolio of royalty assets across a range of commodities, primarily focused on bulks, base and battery metals. This includes the Eneabba Project and the Mining Area C (MAC) iron ore operation owned by mining giant BHP Group Ltd (ASX: BHP).

Analysts at Citi are positive on the company and have a buy rating and $4.70 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of 26 cents in FY 2023 and 28 cents in FY 2024. Based on the current Deterra Royalties share price of $4.63, this will mean yields of 5.6% and 6%, respectively.

National Australia Bank Ltd (ASX: NAB)

Another ASX 200 dividend share to look at is NAB. This big four bank has been named as a buy for income investors by analysts at Goldman Sachs.

The broker currently has a buy rating and $34.81 price target on the banking giant's shares.

Goldman Sachs is a fan of NAB due to its exposure to commercial lending, which it believes will perform relatively better than home lending in the current economic environment.

It highlights that its analysts "see volume momentum over the next 12 months as favouring commercial volumes over housing volumes and NAB provides the best exposure to this thematic."

In respect to dividends, Goldman is forecasting fully franked dividends of $1.66 per share in FY 2023 and $1.73 pee share in FY 2024. Based on the current NAB share price of $30.21, this implies yields of 5.5% and 5.7%, respectively.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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