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Thursday, February 2, 2023
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How I might make investments $20,000 in ASX 200 dividend shares in 2023


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We’re nonetheless pretty new to 2023, regardless of the primary month simply passing us by. But what a yr it has been for the ASX share market up to now. Since the beginning of 2023, the S&P/ASX 200 Index (ASX: XJO) has rallied by a powerful 8.35%. But that doesn’t imply we shouldn’t be fascinated with which ASX 200 dividend shares to purchase subsequent.

Overall, shares go up way more usually than they go down. So if we’re at all times ready for an inexpensive time to enter the market, we might be ready years. And that’s years of priceless dividend compounding we might miss out on.

So right here is the place I might take into consideration deploying $20,000 in ASX dividend shares this yr if I used to be fortunate sufficient to have some money fall in my lap.

2 ASX 200 dividend shares I might purchase in 2023

National Australia Bank Ltd (ASX: NAB)

I already personal some NAB shares, however I might fortunately purchase extra in 2023 with a few of that $20,000. Under NAB’s CEO Ross McEwan, I feel this ASX financial institution share has constructed itself into top-of-the-line choices out of the massive 4.

Unlike its rival Commonwealth Bank of Australia (ASX: CBA), NAB is much less reliant on the large mortgage market, with its historic concentrate on enterprise lending. As such, I contemplate it to be a traditional blue-chip funding that ought to prosper alongside the Australian economic system over time.

There’s additionally NAB’s fats, totally franked 4.8% dividend yield to contemplate as effectively. This comes from NAB jacking up its dividends meaningfully in 2022. The financial institution paid out $1.27 in dividends per share in 2021, however hiked this to $1.51 per share final yr.

Harvey Norman Holdings Limited (ASX: HVN).

Of all of the ASX 200 dividend shares on the market, Harvey Norman must be one of many most cost-effective available on the market right this moment. The veteran ASX retailer at present trades with a price-to-earnings (P/E) a number of of simply 6.9. That’s stupendously low cost for a long-term stalwart like Harvey Norman in my opinion.

This low cost share worth has resulted within the firm possessing a monstrous trailing dividend yield of 8.42%, primarily based on the corporate elevating its dividend from 35 cents per share in 2021 to 37.5 cents per share in 2022. Those dividends come totally franked too. So this ASX 200 share I might discover onerous to show down as effectively.


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