Excited woman holding out $100 notes, symbolising dividends.
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:
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 $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 $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 $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.
Wondering where you should invest $1,000 right now?
When investing expert Scott Phillips has a stock tip, it can pay to listen. After all, the flagship Motley Fool Share Advisor newsletter he has run for over ten years has provided thousands of paying members with stock picks that have doubled, tripled or even more.*
Scott just revealed what he believes could be the ‘five best ASX stocks’ for investors to buy right now. We believe these stocks are trading at attractive prices and Scott thinks they could be great buys right now…
See The 5 Stocks *Returns as of 1 February 2024
More reading
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 positions in and has recommended Rural Funds Group and Telstra Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.
News Related-
High court unanimously ruled indefinite detention was unlawful while backing preventive regime
-
Cheika set for contract extension as another Wallabies head coaching candidate slips by
-
Analysis-West's de-risking starts to bite China's prospects
-
'Beyond a joke' Labor won't ensure PTSD protections: MP
-
Formula One season driver ratings: Lando Norris shines as Max Verstappen nears perfection
-
Catalina golfer Tony Riches scores Guinness World Record four holes in one on same hole
-
Florida coach Billy Napier fires assistants Sean Spencer, Corey Raymond with expected staff shakeup ahead
-
Rohingyan refugee NZYQ accidentally named in documents published by high court
-
Colorado loses commitments of 2 more high school recruits
-
Queensland Health issues urgent patient safety alert over national bacteria outbreak
-
Townsville Community Pantry 'distressed' by fruit, vegetable waste at Aldi supermarket
-
What Is The Beaver Moon And What Does It Mean For You?
-
Labor senator Pat Dodson to resign from politics due to health issues
-
Hamas releases 11 more hostages, as Israel agrees to extend ceasefire