Are you searching for some new additions to your income portfolio?
If you are, then it could be worth checking out the three ASX 300 dividend stocks named below that analysts rate as buys.
Here's what sort of upside and yields they are forecasting from these shares:
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Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 300 dividend stock that analysts rate highly is Aurizon. It is a rail and road network operator connecting miners, primary producers, and industry with export and domestic markets.
The team Ord Minnett is positive on Aurizon and has an accumulate rating and $4.70 price target on its shares. This implies potential upside of 20% from current levels.
The broker also expects some attractive dividend yields. It is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.91, this will mean yields of 4.6% and 6.2%, respectively.
Charter Hall Group (ASX: CHC)
Another ASX 300 dividend stock that could be a buy is Charter Hall. It is a property fund manager and developer across the office, retail, industrial and residential sectors.
Macquarie thinks the company is a buy rating and has an outperform rating and $15.54 price target on its shares. This suggests upside of 17% for investors over the next 12 months.
As for dividends, the broker is forecasting dividends per share of 45.1 cents in FY 2024 and 47.8 cents in FY 2025. Based on the current Charter Hall share price of $13.25, this will mean yields of 3.4% and 3.6%, respectively.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
A third ASX 300 dividend stock that could offer decent upside and an attractive yield is Dalrymple Bay Infrastructure. It is the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).
Morgans is positive on the company and has an add rating and $3.03 price target on its shares. This implies potential upside of 11%.
The broker also believes the company is well-positioned to pay dividends per share of 22 cents in FY 2024 and 22.6 cents in FY 2025. Based on the latest Dalrymple Bay Infrastructure share price of $2.73, this will mean yields of 8% and 8.3%, respectively.
