If you want to boost your income portfolio this month, then it could be worth checking out the ASX 300 dividend stocks listed below that analysts rate as buys.
Here's what they are saying about them:
Aurizon Holdings Ltd (ASX: AZJ)
Australia's largest rail freight operator could be an ASX 300 dividend stock to buy.
That's the view of analysts at Macquarie, who have an outperform rating and a $4.04 price target on its shares.
In respect to dividends, Macquarie expects partially franked dividends of 18.4 cents per share in FY 2024 and then 25.1 cents per share in FY 2025. Based on the latest Aurizon share price of $3.64, this will mean yields of 5% and 6.9%, respectively.
Dexus Industria REIT (ASX: DXI)
Another ASX 300 dividend stock that has been named as a buy recently is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
The team at Morgans is positive on the company and has an add rating and a $3.19 price target on its shares.
As for income, the broker is forecasting dividends per share of 16.4 cents in FY 2024 and 17 cents in FY 2025. Based on the current Dexus Industria share price of $2.75, this will mean dividend yields of 6% and 6.2%, respectively.
Transurban Group (ASX: TCL)
This leading toll road operator could be a final ASX 300 dividend stock to buy.
Citi is feeling positive about the company's outlook thanks to "strong toll price growth, traffic growth on new road completions and a slower increase in debt costs." The broker has a buy rating and a $15.90 price target on its shares.
As for dividends, Citi is expecting the company to pay a bigger dividend than it is guiding to in FY 2024. The broker has pencilled in a dividend of 63.4 cents per share this financial year and then 64.6 cents per share next year. Based on the current Transurban share price of $13.26, this will mean yields of 4.8% and 4.9%, respectively.
