Buy Westpac and these ASX 300 dividend shares now: analysts

There are plenty of ASX 300 dividend shares to choose from on the Australian share market.

Three that brokers believe are buys are listed below. Here’s what they are saying about them:

Accent Group Ltd (ASX: AX1)

Over at Bell Potter, its analysts think investors should be snapping up the shares of footwear-focused retailer Accent.

Its analysts expect the company to continue to perform positively due to “continuing casual footwear trends and as sports, fitness & wellness related spending remains a priority.”

The broker expects this to underpin fully franked dividends per share of 12 cents in FY 2024 and then 14.1 cents in FY 2025. Based on the latest Accent share price of $2.09, this represents dividend yields of 5.75% and 6.75%, respectively.

Bell Potter currently has a buy rating and $2.50 price target on its shares.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX 300 dividend share that has been given the thumbs up by brokers is HomeCo Daily Needs. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.

Morgans is positive on the company and is expecting some very big dividend yields in the coming years.

For example, it is forecasting dividends per share of 8.3 cents in FY 2024 and then 8.5 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.20, this will mean yields of 6.9% and 7.1%, respectively.

It has an add rating and a $1.50 price target on its shares.

Westpac Banking Corp (ASX: WBC)

A final ASX 300 dividend share that could be a buy according to brokers is Westpac.

Ord Minnett sees a lot of value in the banking giant’s shares at present. It also expects some juicy dividend yields for income investors.

The broker is forecasting fully franked dividends of 145 cents per share in FY 2024 and then 151 cents per share in FY 2025. Based on the current Westpac share price of $23.93, this will mean dividend yields of 6.1% and 6.3%, respectively.

Ord Minnett has an accumulate rating and $28.00 price target on its shares.

The post Buy Westpac and these ASX 300 dividend shares now: analysts appeared first on The Motley Fool Australia.

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More reading

• How investing $100 per week can create $1,500 in annual ASX dividend income
• Here’s why I invested in Accent shares for dividend income
• Cheap and growing: The best bang for buck ASX shares I’d buy
• Why this top broker just upgraded the outlook for Westpac shares
• The Accent share price has sprinted ahead since June! Here’s how much you’ve made

Motley Fool contributor James Mickleboro has positions in Westpac Banking Corporation. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group and HomeCo Daily Needs REIT. 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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