Are you in the market for some ASX 300 dividend shares? If you are, check out the two listed below.
While these dividend shares are from very different sides of the market, they share one thing in common. That is that they have been tipped to offer big dividend yields.
Here's why analysts have named them as buys for income investors:
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Rural Funds Group (ASX: RFF)
The first 300 ASX dividend share that has been tipped as a buy is Rural Funds. It is a real estate investment trust that owns a $1.6 billion portfolio of diversified agricultural assets. This includes almond and macadamia orchards, premium vineyards, water entitlements, cattle and cropping assets.
The team at Bell Potter rates the company as a buy with a $2.20 price target.
As for dividends, the broker is expecting attractive yields from its shares in the near future. Its analysts are forecasting an 11.7 cents per share dividend in both FY 2023 and FY 2024. Based on the latest Rural Funds share price of $2, this will mean 5.85% yields for investors.
Westpac Banking Corp (ASX: WBC)
Another ASX 300 dividend share that has been named as a buy is Westpac. It is of course one of Australia's big four banks, which operates under the eponymous Westpac brand, as well as regional names such as Bank SA and Bank of Melbourne.
Morgans remains positive on the banking giant and believes it has the best return on equity improvement potential of the majors. For this reason, it has an add rating and a $24.22 price target on its shares.
In respect to dividends, its analysts are forecasting fully franked dividends of $1.49 per share in FY 2023 and then $1.52 per share in FY 2024. Based on the current Westpac share price of $21.94, this will mean yields of 6.8% and 6.9%, respectively, for income investors.
