Are you on the lookout for some new additions to your income portfolio?
If you are, then it could be worth checking out the three ASX 300 dividend shares named below that analysts have rated as buys.
Here's what sort of yields analysts are expecting from 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 collection of popular store brands such as The Athlete's Foot, HYPEDC, and Platypus.
Morgans is very positive on the company and has an add rating and a $2.30 price target on its shares.
As for income, the broker is forecasting fully franked dividends per share of 12 cents in FY 2024 and then 14 cents in FY 2025. Based on the latest Accent share price of $1.95, this represents yields of 6.15% and 7.2%, respectively.
Aurizon Holdings Ltd (ASX: AZJ)
Another ASX 300 dividend share that has been given the thumbs up by analysts is Aurizon. It is a national rail and road network operator that connects miners, primary producers, and industry with international and domestic markets.
Macquarie likes Aurizon and currently has an outperform rating and a $4.04 price target on its shares.
In respect to dividends, the broker is forecasting partially franked dividends of 19.1 cents per share in FY 2024 and then 24.5 cents per share in FY 2025. Based on the latest Aurizon share price of $3.77, this will mean yields of 5% and 6.5%, respectively.
Telstra Group Ltd (ASX: TLS)
A third and final ASX 300 dividend share that analysts think income investors should be buying is Australia's leading telecommunication company, Telstra.
Goldman Sachs is positive on the company and has a buy rating and a $4.70 price target on its shares.
As for that all-important income, the broker is forecasting fully franked dividends of 18 cents per share in FY 2024 and then 19 cents per share in FY 2025. Based on the current Telstra share price of $3.94, this equates to fully franked yields of 4.5% and 4.8%, respectively.
