3 ASX 300 dividend stocks to buy now for income

Brokers think these dividend stocks are buys right now. What sort of yields are they forecasting?

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Are you wanting some new additions for your income portfolio?

If you are, then you may want to check out the three ASX 300 dividend stocks listed below that analysts rate highly.

Here's what these analysts are recommending and what sort of income could be on offer with their shares right now:

Dexus Industria REIT (ASX: DXI)

The first ASX 300 dividend stock 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. Management believes its portfolio is well-positioned to provide sustainable income and capital growth prospects for shareholders over the long term.

Morgans seems to agree and is forecasting some big dividend yields in the near term.

The broker is forecasting 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 $2.87, this will mean dividend yields of 5.7% and 5.8%, respectively.

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

Lottery Corporation Ltd (ASX: TLC)

Another ASX 300 dividend stock that is rated highly is Lottery Corporation. It is the lottery company behind OZ Lotto, Powerball, and Keno.

UBS likes Lottery Corporation and believes its shares are good value at current levels.

In respect to dividends, the broker is forecasting a 17 cents per share dividend in FY 2024 and then a 20 cents per share dividend in FY 2025. Based on the latest Lottery Corporation share price of $4.96, this will mean fully franked dividend yields of 3.4% and 4%, respectively, over the next two years.

UBS has a buy rating and a $5.75 price target on the company's shares.

NIB Holdings Limited (ASX: NHF)

Over at Goldman Sachs, analysts believe that this private health insurer could be an ASX 300 dividend stock to buy.

The broker likes NIB for a number of reasons. This includes its defensive qualities and favourable claims environment. It highlights that the company "offers defensive exposure to the private health insurance sector which is experiencing favourable operating trends."

As for income, Goldman is forecasting fully franked dividends per share of 31 cents in FY 2024 and 30 cents in FY 2025. Based on the current NIB share price of $7.61, this would mean 4.1% and 3.9% dividend yields, respectively.

Goldman currently has a buy rating and $8.10 price target on NIB's 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 Goldman Sachs Group and Lottery. The Motley Fool Australia has positions in and has recommended NIB Holdings. 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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