Buy these ASX 300 dividend shares for 10% gains and 5% yields

Analysts think these income options could be top buys.

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There are plenty of ASX 300 dividend shares trading on the local share market. But which ones could offer a winning combination of big returns and generous dividend yields?

Three that have been tipped to do just that by analysts are listed below. Here's what sort of dividend yields you can expect from them:

Orora Ltd (ASX: ORA)

The team at Goldman Sachs thinks that this packaging company could be an ASX 300 dividend share to buy. The broker currently has a buy rating and $3.40 price target on its shares. This implies potential upside of 32% for investors from current levels.

As for income, the broker expects dividends per share of 13 cents in FY 2024 and 14 cents in FY 2025. Based on the current Orora share price of $2.57, this will mean yields of 5% and 5.45%, respectively.

Rural Funds Group (ASX: RFF)

Another ASX 300 dividend share that has been named as a buy is Rural Funds. It is an agricultural property company that leases almond orchards, macadamia orchards, poultry property and infrastructure, vineyards, cattle properties, cropping properties, cattle and water rights.

Bell Potter currently has a buy rating and $2.40 price target on its shares. This suggests upside of 13% for investors.

In respect to dividends, the broker is forecasting dividends per share of 11.7 cents in both FY 2024 and FY 2025. Based on the current Rural Funds share price of $2.12, this will mean yields of 5.5% in both years for investors.

Transurban Group (ASX: TCL)

Finally, analysts at Citi believe that Transurban could be an ASX 300 dividend share to buy. It is a leading toll road developer and operator. Citi has a buy rating and $15.60 price target on its shares, which implies potential upside of 20% for investors.

The broker has pencilled in dividends per share of 63 cents in FY 2024 and 65 cents in FY 2025. Based on the current Transurban share price of $12.97, this will mean yields of approximately 5% in both years.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. 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 Transurban Group. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended Orora. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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