Income investors who are on the lookout for dividend options this week might want to check out the three ASX 300 dividend shares listed below.
Here's why analysts are recommending them as buys right now:
Coles Group Ltd (ASX: COL)
The first ASX 300 dividend share that could be a buy is supermarket giant Coles.
Citi is a fan of the company due to its focus on automation. It expects the benefits from this focus to start to show in FY 2025 onwards.
In the meantime, it is forecasting fully franked 61 cents per share dividends in FY 2024 and then 68 cents in FY 2025. Based on the current Coles share price of $15.24, this will mean yields of 4% and 4.5%, respectively.
Citi has a buy rating and a $18.30 price target on its shares.
Healthco Healthcare and Wellness REIT (ASX: HCW)
Another ASX 300 dividend share that could be a buy is Healthco Healthcare and Wellness REIT. It is a health and wellness-focused real estate investment trust.
Morgans is feeling positive about the company's outlook and is forecasting big dividend yields in the near term. It expects dividends per share of 8 cents in FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.48, this will mean yields of 5.4%.
Morgans has an add rating and a $1.67 price target on its shares.
Telstra Group Ltd (ASX: TLS)
A final ASX 300 dividend share that could be a buy is Australia's leading telecommunication company Telstra.
The team at Goldman Sachs is positive on the company and is forecasting solid earnings and dividend growth in the coming years thanks largely to its key mobile business.
In respect to dividends, the broker expects fully franked dividends of 18 cents per share in FY 2024 and then 20 cents per share in FY 2025. Based on the current Telstra share price of $3.87, this equates to fully franked yields of 4.65% and 5.15%, respectively.
Goldman has a buy rating and a $4.70 price target on its shares.
