3 ASX 300 dividend shares that analysts love

Analysts have given the thumbs up to these dividend stocks.

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Luckily for income investors, there are a good number of ASX dividend shares to choose from on the ASX 300 index.

But which ones could be buys right now?

Three that come from different sides of the market and have been named as buys are listed below.

Here's what you need to know about these income options:

Baby Bunting Group Ltd (ASX: BBN)

The team at Morgan Stanley thinks that this baby products retailer could be an ASX 300 dividend share to buy.

Last month, the broker upgraded its shares to an overweight rating on the belief that headwinds are now easing and its outlook is becoming increasingly positive. This is expected to lead to a big improvement in earnings and dividends next year.

For example, the broker is forecasting fully franked dividends per share of 6 cents in FY 2024 and then 9 cents in FY 2025. Based on the current Baby Bunting share price of $1.92, this will mean dividend yields of 3.1% and 4.7%, respectively.

Morgan Stanley has an overweight rating and $2.20 price target on the company's shares.

HomeCo Daily Needs REIT (ASX: HDN)

Over at Morgans, its analysts think that HomeCo Daily Needs could be an ASX 300 dividend share to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

The broker has been pleased with management's shift in focus from large format retail to daily needs. It appears to believe this sets it up nicely for growth over the coming years.

Morgans also expects it to underpin the payment of dividends per share of 8 cents in FY 2024 and then 9 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.24, this will mean yields of 6.5% and 7.3%, respectively.

Morgans has an add rating and $1.37 price target on its shares.

Rural Funds Group (ASX: RFF)

A final ASX 300 dividend share that could be a buy this week is Rural Funds. It is an agricultural property company that owns a collection of assets such as orchards, vineyards, and cattle ranches.

Bell Potter is a fan of the company. Its analysts see a lot of value in its shares at current levels and expect some attractive yields.

For example, 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 $2.05, this will mean yields of 5.7% for investors in both years.

Bell Potter has a buy rating and $2.40 price target on its shares.

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 no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Rural Funds Group. The Motley Fool Australia has recommended HomeCo Daily Needs REIT. 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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