There are lots of income options on the Australian share market.
But which ASX 300 dividend shares could be buys?
Three that have recently been named as buys are listed below. Here's what you need to know about them:
Accent Group Ltd (ASX: AX1)
The first ASX 300 dividend share that could be a buy is this footwear-focused retailer which owns a number of popular store brands such as HYPEDC and Platypus.
The team at Bell Potter is bullish on the company and sees major upside potential with its buy rating and $2.50 price target.
The broker is also forecasting fully franked dividends per share of 11.8 cents in FY 2024 and then 13.7 cents in FY 2025. Based on the latest Accent share price of $1.92, this represents dividend yields of 6.15% and 7.1%, respectively.
BHP Group Ltd (ASX: BHP)
BHP has been tipped as an ASX 300 dividend share to buy by analysts at Goldman Sachs.
The broker currently has a buy rating and a $46.10 price target on the Big Australian's shares.
In respect to dividends, the broker is expecting BHP to pay fully franked dividends per share of US$1.19 in FY 2024 and then US$1.06 in FY 2025. Based on the latest BHP share price of $44.15 and current exchange rates, this will mean yields of 4.2% and 3.7%, respectively.
Coles Group Ltd (ASX: COL)
A final ASX 300 dividend share that could be a buy is supermarket giant Coles.
Citi is tipping the company as one to buy right now. The broker currently has a buy rating and $18.30 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 61 cents in FY 2024 and 68 cents in FY 2025. Based on the current Coles share price of $15.77, this would mean dividend yields of 3.9% and 4.3%, respectively.
