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If you’re building an income portfolio, then having some ASX 300 dividend stocks that provide attractive dividend yields is always a good idea.
But which one could be quality options today? Let’s take a look at three for income investors to consider buying now:
Aurizon Holdings Ltd (ASX: AZJ)
The first ASX 300 dividend stock for income investors to consider buying is Aurizon.
It is a rail freight operator that transports more than 250 million tonnes of Australian commodities each year. This connects miners, primary producers and industry with international and domestic markets.
Analysts at Ord Minnett are positive on the company and believe it is positioned to provide investors with very attractive dividend yields. It is forecasting partially franked dividends of 17.8 cents per share in FY 2024 and then 24.3 cents per share in FY 2025. Based on the latest Aurizon share price of $3.63, this will mean yields of 4.9% and 6.7%, respectively.
Ord Minnett currently has an accumulate rating and $4.70 price target on Aurizon’s shares.
Dexus Industria REIT (ASX: DXI)
Another ASX 300 dividend stock for income investors to look at is Dexus Industria. It is a real estate investment trust with a focus on industrial warehouses.
Morgans believes the company is well-positioned to benefit from solid demand for industrial property and its development pipeline. It notes that “DXI’s industrial portfolio remains robust with the outlook positive for rental growth. The development pipeline also provides near and medium-term upside potential and post asset sales there is balance sheet capacity to execute.”
As for dividends, the broker is forecasting dividends per share of 16.4 cents in FY 2024 and then 16.6 cents in FY 2025. Based on the current Dexus Industria share price of $3.00, this will mean dividend yields of 5.5% and 5.5%, respectively.
Morgans has an add rating and $3.18 price target on its shares.
Woodside Energy Group Ltd (ASX: WDS)
A third ASX 300 dividend stock that could be a buy is Woodside Energy. It is one of the globe’s largest energy producers.
Morgans is also positive on the company and thinks that investors should be taking advantage of recent share price weakness. Its analysts recently said that they “see now as a good time to add to positions.”
As for income, the broker is forecasting fully franked dividends of $1.25 per share in FY 2024 and then $1.57 per share in FY 2025. Based on its current share price of $27.25, this represents attractive dividend yields of 4.6% and 5.75%, respectively.
Morgans has an add rating and $36.00 price target on its shares.