Are you on the lookout for some ASX 300 dividend stocks for your income portfolio?
If you are, then you could check out the three listed below that have been tipped as buys.
Here's what brokers are expecting from their shares in the near term:
Image source: Getty Images
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Dalrymple Bay Infrastructure could be an ASX 300 dividend stock to buy according to analysts. It is an infrastructure company and the long-term operator of the Dalrymple Bay Coal Terminal (DBCT).
The team at Morgans currently has an add rating and a $3.03 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 21.9 cents in FY 2024 and then 22.6 cents in FY 2024. Based on the latest Dalrymple Bay Infrastructure share price of $2.75, this will mean very generous yields of 8% and 8.2%, respectively.
Rural Funds Group (ASX: RFF)
Another ASX 300 dividend stock that could be a buy right now according to analysts is Rural Funds. It is an agricultural property company that owns a high-quality portfolio of assets across several categories. This includes categories such as orchards, vineyards, cattle, and poultry.
Bell Potter is very positive on the company and sees a lot of value in its shares at current levels. It has a buy rating and a $2.40 price target on them at present.
As for income, 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 $1.99, this will mean yields of 5.9% for investors across both years.
Telstra Group Ltd (ASX: TLS)
A final ASX 300 dividend stock that could be a buy for income investors this week is Telstra. It is of course Australia's largest telecommunications provider with millions of mobile and broadband subscribers across the country.
Goldman Sachs is a fan of the telco giant and highlights that "the low risk earnings (and dividend) growth that Telstra is delivering across FY22-25, underpinned through its mobile business, is attractive."
The broker currently has a buy rating and a $4.55 price target on the company's shares.
In respect to dividends, Goldman Sachs is forecasting fully franked dividends per share of 18 cents in FY 2024 and then 19 cents in FY 2025. Based on the current Telstra share price of $3.69, this will mean yields of 4.9% and 5.15%, respectively, for investors over the next two financial years.
