Two Top ASX 300 Dividend Stocks Available Now

2 min read | July 25, 2024 09:40 PM EDT | By Team Kalkine Media

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For those seeking dividend income, two ASX dividend stocks have recently attracted attention due to their potential for delivering substantial returns. Healthco Healthcare and Wellness REIT and Woodside Energy Group Ltd are highlighted as attractive options for investors focusing on dividend yields.

Healthco Healthcare and Wellness REIT (ASX:HCW)

Healthco Healthcare and Wellness REIT stands out in the real estate sector with its focus on healthcare and wellness properties. This includes hospitals, aged care facilities, and primary care properties. Over the past year, the company has significantly expanded its asset base, doubling in size. With a strong development pipeline and a strategic position in the healthcare real estate market, Healthco is expected to provide substantial dividends in the near future.

For FY 2024, Healthco is projected to offer dividends per share of 8 cents, which is forecasted to increase to 8.3 cents in FY 2025. These figures translate to expected yields of 7.1% and 7.4%, respectively, based on its current unit price of $1.12. This strong performance in dividend yields reflects Healthco's solid position and growth potential in the healthcare real estate sector.

Woodside Energy Group Ltd (ASX:WDS)

Woodside Energy Group Ltd, a major player in the oil and gas industry, has recently faced challenges including oil price volatility and project approval delays. However, these issues are now stabilizing, presenting an opportune moment for investors. Woodside continues to be a leading entity in the upstream oil and gas sector, known for its high-quality earnings and strategic acquisition strategy.

The company is forecasted to deliver fully franked dividends of $1.28 per share for FY 2024 and $1.54 per share for FY 2025. These dividends are expected to provide yields of 4.8% and 5.7%, respectively, based on its current share price of $26.87. This outlook reflects Woodside's resilience and potential for future dividend growth despite recent market challenges.

Both Healthco Healthcare and Wellness REIT and Woodside Energy Group Ltd offer compelling opportunities for income investors looking to enhance their portfolios with quality dividend-paying stocks. Healthco's significant growth in the healthcare real estate sector and Woodside's recovery from recent market challenges present attractive options for those seeking reliable dividend income.

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