There are a lot of options for income investors on the Australian share market. But which ASX 300 dividend shares could be buys in July?
Two that have been tipped as buys are named below. Here's what kind of dividend yields analysts are expecting from their shares in the near term:
Dicker Data Ltd (ASX: DDR)
The first ASX 300 dividend share to look at is Dicker Data. It is a leading technology hardware and software distributor to a partner base of over 10,200 resellers across the ANZ region.
It has been growing its sales, profits, and dividends at a solid rate for over a decade. Pleasingly, the company appears well-placed to continue this trend in the future. Particularly given its recent acquisitions, the expansion of its warehouse, and favourable industry tailwinds.
It is for this reason that Morgan Stanley currently has an outperform rating and a $10 price target on its shares.
As for dividends, its analysts are forecasting fully franked dividends per share of 43.8 cents in FY 2023 and 48.8 cents in FY 2024. Based on the latest Dicker Data share price of $8.03, this will mean yields of 5.45% and 6.1%, respectively.
Whitehaven Coal Ltd (ASX: WHC)
Another ASX 300 dividend share that could be a buy in July is Whitehaven Coal. It is one of Australia's largest coal miners.
The team at Morgans is positive on the company and sees recent share price weakness as a buying opportunity for investors.
Its analysts note that "WHC looks far too oversold on the recent NEWC correction (FY23F FCF yield +40%, P/NPV 0.69x)" and expects "the re-tightening of thermal coal pricing dynamics through April to be a key catalyst for WHC."
Morgans has an add rating and a $9.60 price target on its shares.
In respect to dividends, the broker is expecting some big yields from the coal miner's shares. It is forecasting a 60 cents per share dividend in both FY 2023 and FY 2024. Based on the current Whitehaven Coal share price of $6.69, this implies yields of 9% for both years.
