3 ASX 300 dividend shares to buy: analysts

Income investors might want to check out these buy-rated dividend shares.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Are you looking for ASX 300 dividend shares to buy for an income boost?

If you are, then it could be worth checking out the three listed below that have been named as buys.

Here's what analysts are saying about them:

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.

Image source: Getty Images

Accent Group Ltd (ASX: AX1)

The first ASX 300 dividend share that could be a buy is Accent. It is the footwear-focused retailer behind popular store brands such as HYPEDC, Platypus, and The Athlete's Foot.

Bell Potter is very positive on the company and has a buy rating and a $2.50 price target on its shares.

As for income, the broker is forecasting fully franked dividends per share of 16.1 cents in FY 2023 and then 11.8 cents in FY 2024. Based on the latest Accent share price of $1.87, this represents dividend yields of 8.6% and 6.3%, respectively.

ANZ Group Holdings Ltd (ASX: ANZ)

This big four bank has been named as an ASX 300 dividend share to buy by analysts at Goldman Sachs. This is due largely to its institutional business, which it expects to perform positively in the current environment.

Goldman currently has a buy rating and a $27.38 price target on its shares.

As for dividends, the broker is forecasting fully franked dividends per share of $1.62 in both FY 2023 and FY 2024. Based on the current ANZ share price of $25.30, this will mean dividend yields of 6.4%.

Aurizon Holdings Ltd (ASX: AZJ)

Another ASX 300 dividend share that could be a buy is Aurizon. It is Australia's largest rail freight operator, connecting miners and industry with international and domestic markets.

Macquarie currently has an outperform rating and a $4.12 price target on its shares.

As for dividends, the broker expects partially franked dividends of 14.8 cents per share in FY 2023 and then 19.3 cents per share in FY 2024. Based on the latest Aurizon share price of $3.77, this will mean yields of 3.9% and 5.1%, respectively.

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 positions in and has recommended Goldman Sachs Group and Macquarie Group. The Motley Fool Australia has positions in and has recommended Macquarie Group. The Motley Fool Australia has recommended Accent Group and Aurizon. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Hand holding Australian dollar (AUD) bills, symbolising ex dividend day. Passive income.
Dividend Investing

2 ASX shares with dividend yields above 8%

These businesses can offer huge levels of passive income.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

2 ASX 200 dividend shares with yields over 6% today

There are still big yields on the ASX, if you know where to look.

Read more »

A builder or miner stretches a measure tape above his head, indicating something is big.
Resources Shares

Buying South32 shares? Here's the dividend yield you'll get right now

Does South32 measure up to other miners?

Read more »

Person with a handful of Australian dollar notes, symbolising dividends.
Cheap Shares

What's not to love about these discounted ASX shares with big dividend yields?

There are some great businesses trading too cheaply.

Read more »

Man holding out $50 and $100 notes in his hands, symbolising ex dividend.
Dividend Investing

These ASX shares could generate $12,000 per year in passive income

And here's how much you'd need to invest, and how to do it.

Read more »

Smiling woman with her head and arm on a desk holding $100 notes, symbolising dividends.
Dividend Investing

3 ASX dividend shares to buy with 5%+ yields

Analysts are expecting generous payouts from these dividend shares.

Read more »

A woman stacks smooth round stones into a pile by a lake.
Dividend Investing

How to build an ASX dividend portfolio that keeps paying you for decades

Forget chasing yield. Own quality businesses that grow dividends over time.

Read more »

a pot of gold at the end of a rainbow
Dividend Investing

1 ASX dividend stock down 34% I'd buy right now

This business looks very undervalued to me!

Read more »