Brokers say these high yield ASX 300 dividend shares are top buys

These income options have been given the thumbs up by analysts recently.

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Are you on the hunt for some new additions to your income portfolio this week? Well, I have some good news for you.

Listed below are three ASX 300 dividend shares that brokers have recently named as buys and tipped to offer generous dividend yields.

Here's what you can expect from their shares in the near term:

APA Group (ASX: APA)

APA Group could be an ASX 300 dividend share to buy this month according to analysts.

It is an energy infrastructure business with a portfolio of gas, electricity, solar and wind assets.

These assets have generated a growing stream of income over the last couple of decades. So much so, that the company is on course to soon make it 20 consecutive years of dividend increases.

Analysts at Macquarie are feeling very positive on the company's outlook and believe this trend can continue. The broker is forecasting dividends per share of 56 cents in FY 2024 and 57.5 cents in FY 2025. Based on the current APA Group share price of $8.55, this equates to 6.5% and 6.7% dividend yields, respectively.

Macquarie has an outperform rating and $9.40 price target on its shares.

GDI Property Group Ltd (ASX: GDI)

The team at Bell Potter thinks GDI Property could be an ASX 300 dividend share to buy right now.

Especially with the broker believing that the property company is well-positioned to provide investors with some very big dividend yields in the coming years.

The broker is forecasting dividends per share of 5 cents across FY 2024, FY 2025, and FY 2026. Based on the current GDI Property share price of 61.5 cents, this implies dividend yields of 8.1% for the next three years.

Bell Potter has a buy rating and 75 cents price target on its shares.

Rural Funds Group (ASX: RFF)

Another ASX 300 dividend share that gets a big thumbs up from analysts at Bell Potter is Rural Funds.

As its name implies, it is a property company with a focus on rural properties. It owns a portfolio of high-quality assets across a number of agricultural industries. This includes orchards, vineyards, water entitlements, cropping, and cattle farms.

As for 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 $2.01, this will mean yields of 5.8% for investors.

Bell Potter has a buy rating and a $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 positions in and has recommended Macquarie Group. The Motley Fool Australia has positions in and has recommended Apa Group, Macquarie Group, and Rural Funds Group. 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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