2 ASX shares with generous fully franked dividend yields

Looking for fully franked dividends? Check out these shares…
The post 2 ASX shares with generous fully franked dividend yields appeared first on The Motley Fool Australia. –

Are you looking for some attractive dividend yields to boost your income? Then look at the ones listed below.

Here’s why these dividend shares have been tipped as great options for income investors right now:

National Australia Bank Ltd (ASX: NAB)

The first dividend share to look at is NAB. This banking giant has been a strong performer in FY 2021 and looks well-placed to deliver a robust full year result in the coming months.

In addition to this, the bank’s capital position is very strong and well-ahead of APRA’s unquestionably strong benchmark. This is even after recently announcing the acquisition of Citi’s Australian consumer operations for $1.2 billion.

This should put the bank in a position to reward shareholders with generous dividends and potentially even further buybacks in the near term.

Goldman Sachs is positive on the bank. It likes NAB due to its cost management initiatives, strong position in business banking, and its excellent management of volumes and margins.

The broker has a conviction buy rating and $30.62 price target on the bank’s shares. This compares to the latest NAB share price of $27.41. Goldman expects yields of 4.5%, 5%, and 5.3%, respectively, between FY 2021 and FY 2023.

Super Retail Group Ltd (ASX: SUL)

Another ASX dividend share to consider is Super Retail. It is the retail group behind the BCF, Macpac, Rebel, and Super Cheap Auto retail brands.

Super Retail’s businesses performed very strongly in FY 2021 thanks to a favourable redirection in consumer spending. This led to the company reporting a 22% increase in sales to $3.45 billion and a 107% jump in normalised net profit after tax to $306.8 million.

In response to the result, the team at Credit Suisse put an outperform rating and $14.40 price target on its shares.

The broker is also forecasting dividend per share of 51.6 cents in FY 2022 and 50 cents in FY 2023. Based on the current Super Retail share price of $12.77, this will mean fully franked yields of 4% and 3.9%, respectively.

The post 2 ASX shares with generous fully franked dividend yields appeared first on The Motley Fool Australia.

These Dividend Stocks Could Be Your Next Cash Kings (FREE REPORT)

Motley Fool Australia’s Dividend experts recently released a FREE report revealing 3 dividend stocks with JUICY franked dividends that could keep paying you meaty dividends for years to come.

Our team of investors think these 3 dividend stocks should be a ‘must consider’ for any savvy dividend investor. But more importantly, could potentially make Australian investors a heap of passive income.

Don’t miss out! Simply click the link below to grab your free copy and discover these 3 high conviction stocks now.

Returns As of 16th August 2021

More reading

August has been a great month so far for the NAB (ASX:NAB) share price
NAB (ASX:NAB) share price named as a buy by leading broker
Super Retail (ASX:SUL) dividend supercharged by 450%
2 quality ASX dividend shares analysts rate as buys

Super Retail (ASX: SUL) share price climbs on FY21 results

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 owns shares of and has recommended Super Retail Group Limited. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

Trade The World Anywhere & Anytime!

Mobile app platform with over 50,000 global listed securities across 12 markets (over 70% global market capitalisation), right from your Android or iOS device.

Integrated with exclusive trading idea and investment analysis tools to help you find actionable insight on virtually every financial instrument across our 12 global markets, to help you optimise your trading strategies.

Refer Your Friends

Tell your friends about Monex and gift them FREE access to our trading tools.

We respect your privacy and will only send this one email notification to your friends. 

Share With Your Friends

Share on facebook
Share on twitter
Share on linkedin

Monex Trading Tools Access and Usage Terms

The Monex Trading Tools (referred to as ‘tools’ hereafter) are available to you inside your client portal;

To activate access to the tools, you must have a verified and approved trading account and have made a deposit of at least AUD $1000.

An active and funded account with a positive trading balance is required to continue to have access to the tools;

Although the tools are available to you indefinitely, Monex Securities may at it’s discretion disable access to the tools in the future;

Monex securities reserves the right to change these terms and conditions from time to time, as it sees fit, without notice.

Important Notice
iOS & Android App - 12 International Markets & Over 70% Global Market Cap. $0 Brokerage On US Trades. Click Here!