Buy these ASX 300 dividend shares with 4% to ~8% yields

Analysts are tipping these shares to provide investors with great dividend yields.

| More on:
A happy older couple relax in a hammock together as they think about enjoying life with a passive income stream.

Image source: Getty Images

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

sdf

Do you have room in your income portfolio for some new additions this week?

If you do, then it could be worth checking out the ASX 300 dividend shares listed below that have been named as buys.

Here's what you need to know about them:

Dexus Convenience Retail REIT (ASX: DXC)

Bell Potter thinks that Dexus Convenience Retail REIT could be a great ASX 300 dividend share to buy right now. It is a property company that owns a portfolio of service station and convenience retail assets that are located across Australia and concentrated on the eastern seaboard.

Bell Potter is positive on the company's outlook. Its analysts recently stated that they believe there's "plenty of fuel left in the tank."

In respect to income, the broker is forecasting dividends per share of 20.7 cents in FY 2024 and then 21.7 cents in FY 2025. Based on its current share price of $2.79, this implies dividend yields of 7.4% and 7.8%, respectively.

Bell Potter has a buy rating and $3.00 price target on its shares.

Orora Ltd (ASX: ORA)

Goldman Sachs thinks that Orora could be an ASX 300 dividend share to buy now.

The broker believes the packaging company's shares are undervalued, particularly given its defensive qualities. It also highlights that "the current market implied valuation of Saverglass provides a favourable risk-reward skew."

As for dividends, Goldman is expecting some good yields from its shares in the near term. It is forecasting dividends per share of 9 cents in FY 2024 and then 8 cents in FY 2025. Based on the current Orora share price of $1.90, this will mean yields of 4.7% and 4.2%, respectively.

Goldman has a buy rating and $2.70 price target on its shares.

Woodside Energy Group Ltd (ASX: WDS)

Over at Morgans, its analysts think Woodside could be an ASX 300 dividend share to buy.

Its analysts "see now as a good time to add to positions" following recent share price weakness. Particularly given its high-quality earnings.

In addition, the broker is expecting some great yields in the near term. It is forecasting fully franked dividends of $1.28 per share in FY 2024 and $1.54 per share in FY 2025. Based on its current share price of $25.49, this will mean yields of 5% and then 6%.

The broker has an add rating and $35.00 price target on Woodside's shares.

Motley Fool contributor James Mickleboro has positions in Woodside Energy Group. 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 Orora. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

Man smiling at a laptop because of a rising share price.
Dividend Investing

Why this little-known ASX dividend share is a top pick for this fund manager

There are multiple reasons why this fund manager is bullish on this stock.

Read more »

A young woman drinking coffee in a cafe smiles as she checks her phone.
Dividend Investing

3 blue chip ASX 200 dividend stocks to buy now

Analysts think these blue chips would be top picks for income investors.

Read more »

Two laughing young women hold shopping bags and ride an escalator up to another level in a Scentre Group shopping centre.
Dividend Investing

Why I think these 2 ASX dividend stocks are ideal for income investors

These two businesses offer a lot of potential for income.

Read more »

A woman in a bright yellow jumper looks happily at her yellow piggy bank.
Dividend Investing

Forget CBA and buy these ASX dividend shares

Analysts think these shares could be better picks than the banking giant.

Read more »

Middle age caucasian man smiling confident drinking coffee at home.
Dividend Investing

3 ASX dividend shares to buy for a passive income portfolio

Analysts think these shares could be top picks for income investors.

Read more »

A happy male investor turns around on his chair to look at a friend while a laptop runs on his desk showing share price movements
Dividend Investing

Brokers name the ASX dividend shares to buy now

Let's see what they are saying about these income options.

Read more »

Different Australian dollar notes in the palm of two hands, symbolising dividends.
Dividend Investing

This 5% monthly dividend stock is a cash flow machine

If you want monthly passive income, check out this stock.

Read more »

A woman presenting company news to investors looks back at the camera and smiles.
Dividend Investing

Broker names the best ASX dividend shares to buy now

Let's see why the broker is feeling bullish about these income options.

Read more »