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National Australia Bank (NAB) $33.62

It was hard to write a piece on and yield without including a bank, and NAB is our favoured bank for yield, with it forecast to pay 5.7% fully franked over the next 12-months, starting in May. Note it was a close-run race with ANZ, but the latter isn’t expected to pay fully franked dividends moving forward, plus it has to work on the Suncorp integration. We aren’t looking for significant capital gain by NAB through 2024, but it’s still paying far more than a term deposit, especially including credits.

  • We like NAB seeing it trade between $32 and $36 through 2024 while yielding strongly  – MM owns NAB in our Active Growth and Active Income Portfolios.

NB: NAB releases half-yearly results this Thursday 2nd May.

NAB
MM remains long and bullish towards NAB
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National Australia Bank (NAB)
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