The good news for income investors is that the Australian share market is home to a good number of ASX dividend shares.
However, with so many choices it can be hard to decide which ones to buy. But don't worry, to narrow things down, I've picked out three ASX 300 shares that brokers have named as buys.
They are as follows:
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Accent Group Ltd (ASX: AX1)
The first ASX 300 dividend share for investors to consider buying is Accent. It is a footwear-focused retailer that owns a growing stable of brands including HYPEDC, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot.
Bell Potter is positive on the company and has a buy rating and a $2.80 price target on its shares.
In respect to dividends, its analysts are forecasting fully franked dividends per share of 16.1 cents in FY 2023 and then 11.9 cents in FY 2024. Based on the latest Accent share price of $1.77, this represents dividend yields of 9.1% and 6.7%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX 300 dividend share that has been named as a buy is HomeCo Daily Needs. It is a property company focused on daily needs assets. This includes neighbourhood retail, large format retail, and health and services.
Morgans is a fan of the company and has an add rating and a $1.50 price target on its shares.
Its analysts are expecting dividends per share of 8.3 cents in FY 2023 and then 8.4 cents in FY 2024. Based on the current HomeCo Daily Needs share price of $1.15, this will mean huge yields of 7.2% and 7.3%, respectively.
Rural Funds Group (ASX: RFF)
A final ASX 300 dividend share that could be a buy is Rural Funds. It is a real estate investment trust that owns a high-quality portfolio of agricultural assets. Among its properties, you will find almond and macadamia orchards, vineyards, water entitlements, cattle and cropping assets.
The team at Bell Potter also rates Rural Funds as a buy with a $2.20 price target.
As for income, the broker is forecasting an 11.7 cents per share dividend in both FY 2023 and FY 2024. Based on the latest Rural Funds share price of $1.93, this will mean 6.1% yields for investors.
