The good news for income investors is that there are a great number of dividend-paying ASX stocks to pick from on the Australian share market.
To narrow things down, let's now take a look at three ASX 300 dividend stocks that analysts have recently tipped as buys.
Here's what sort of upside and dividend yields you can expect from them in the near term:
The first ASX 300 dividend stock that could be a buy is the Healthco Healthcare and Wellness REIT. It is a leading health and wellness focused real estate investment trust with exposure to attractive megatrends.
Morgans is feeling positive about the company and its outlook. So much so, it recently put a buy rating and $1.61 price target on its shares.
As for dividends, the broker is forecasting dividends per share of 8 cents in both FY 2024 and FY 2025. Based on the current Healthco Healthcare and Wellness REIT unit price of $1.22, this will mean yields of 6.5% for investors.
Lottery Corporation could be another ASX 300 dividend stock to buy. It is the lottery company responsible for the OZ Lotto, Powerball, and Keno brands.
UBS is a fan of Lottery Corporation. It has been pleased with the company's performance so far in FY 2024, highlighting that its revenue and earnings came in ahead of expectations during the first half.
In response, the broker retained its buy rating and lifted its price target to $5.75.
In respect to income, the broker is forecasting dividends per share of 17 cents in FY 2024 and 20 cents in FY 2025. Based on the latest Lottery Corporation share price of $5.10, this will mean fully franked yields 3.3% and 3.9%, respectively.
Goldman Sachs remains positive on this packaging company and sees it as an ASX 300 dividend stock to buy. This is despite the release of a disappointing trading last week which led to earnings estimates downgrades and a trimmed valuation.
Goldman now has a buy rating and $3.00 price target on its shares.
Positively, the broker is also expecting the company's beaten down shares to provide investors with some generous yields. It is now forecasting dividends per share of 12 cents in FY 2024 and 13 cents in FY 2025. Based on the current Orora share price of $2.23, this will mean yields of 5.4% and 5.8%, respectively.