There are plenty of options for income investors to choose from on the ASX 300 index.
But which ones could be buys?
Three that come from different sides of the market and have been named as buys are listed below. Here’s what you need to know about them:
HomeCo Daily Needs REITÂ (ASX: HDN)
Morgans thinks that HomeCo Daily Needs could be an ASX 300 dividend share to buy. It is a property company with a focus on neighbourhood retail, large format retail, and health and services.
The broker has been pleased with the company’s shifting focus from large format retail to daily needs. It has an add rating and $1.37 price target on its shares.
As for dividends, Morgans is forecasting dividends per share of 8 cents in FY 2024 and then 9 cents in FY 2025. Based on the current HomeCo Daily Needs share price of $1.26, this will mean dividend yields of 6.3% and 7%, respectively.
Orora Ltd (ASX: ORA)
Analysts at Goldman Sachs think this packaging company could be an ASX 300 dividend share to buy. The broker likes Orora due to its defensive qualities and positive growth outlook.
Goldman currently has a buy rating and $3.40 price target on its shares.
In respect to income, the broker has pencilled in dividends per share of 13 cents in FY 2024 and 14 cents in FY 2025. Based on the current Orora share price of $2.67, this will mean yields of 4.9%, 5.2%, and 5.3%, respectively.
Rural Funds Group (ASX: RFF)
A third ASX 300 dividend share that could be a buy is agricultural property company Rural Funds.
Bell Potter is a fan of the company and sees plenty of value in its shares at current levels. The broker has a buy rating and $2.40 price target on its shares.
As for dividends, Bell Potter 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 $2.08, this will mean yields of 5.6% for investors in both years.
The post 3 ASX 300 dividend shares to buy in April appeared first on The Motley Fool Australia.
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More reading
- Why is the Rural Funds share dropping today?
- Almost ready to retire? I’d buy cheap ASX dividend shares for income
- 3 high-quality ASX retirement shares to buy this week
- 3 fantastic high-yield ASX dividend shares to buy next week
- Top ASX shares to buy instead of a term deposit in March 2024
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. The Motley Fool Australia has recommended HomeCo Daily Needs REIT and Orora. 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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