Buy these ASX 300 dividend shares for their 5%+ dividend yields

Analysts expect some big dividend yields from these buy-rated stocks.

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If you're searching for an income boost from the share market, then it could be worth checking out the ASX 300 dividend shares listed below.

All have recently been named as buys and tipped to provide investors with attractive dividend yields.

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

Dexus Industria REIT (ASX: DXI)

The first ASX 300 dividend share that could be a buy this month is Dexus Industria.

It is a real estate investment trust which primarily invests in high-quality industrial warehouses.

Morgans is very positive on the company, highlighting its belief that "DXI's industrial portfolio remains robust with the outlook positive for rental growth." It also notes that its "development pipeline also provides near and medium-term upside potential."

The broker expects this to underpin dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $2.88, this will mean dividend yields of 5.7% and 5.75%, respectively.

Morgans has an add rating and a $3.18 price target on its shares.


Another ASX 300 dividend share that could be a buy is intellectual property solutions company IPH.

The team at Goldman Sachs is very positive on the company and thinks investors should be snapping up its shares this month. Its analysts note that IPH is "well-placed to deliver consistent and defensive earnings with modest overall organic growth."

Goldman expects this to lead to some very attractive dividend yields. It is forecasting fully franked dividends per share of 34 cents in FY 2024 and 37 cents in FY 2025. Based on the current IPH share price of $6.13, this represents yields of 5.5% and 6%, respectively.

Goldman has a buy rating and $8.70 price target on IPH's shares.

South32 Ltd (ASX: S32)

Another ASX 300 dividend share that Goldman Sachs is positive on its South32. It is a globally diversified mining and metals company producing a wide range of commodities from operations in Australia, Southern Africa, and South America.

Goldman likes the company because it believes South32's earnings are going to be given a major boost from strong copper, aluminium, zinc, and met coal prices.

And while big dividend yields are on the horizon, Goldman notes that investors will have to be a little patient. It is expecting fully franked dividends per share of 4 US cents in FY 2024, 12 US cents in FY 2025, and then 18 US cents in FY 2026. Based on its latest share price of $3.50 and current exchange rates, this will mean yields of 1.7%, 5.2%, and 7.8%, respectively.

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. The Motley Fool Australia has recommended IPH. 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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