If you’re looking to boost your income portfolio in June, then you may want to look at the shares listed below.
Here’s why these ASX dividend shares could be worth considering right now:
Bank of Queensland Limited (ASX: BOQ)
The first ASX dividend share that could be a top option for income investors is big four challenger Bank of Queensland.
This regional bank has been tipped as a buy by analysts at Morgans with an $11.00 price target. This is due to the early success of its transformation program, its above-system growth, and cost synergies from the recent ME Bank acquisition.
As well as decent upside, Morgans is expecting the bank’s shares to provide investors with big dividends in the coming years.
The broker is forecasting fully franked dividends per share of 49 cents in FY 2022 and then 54 cents per share in FY 2023. Based on the current Bank of Queensland share price of $7.51, this will mean yields of 6.5% and 7.2%, respectively.
Telstra Corporation Ltd (ASX: TLS)
Another ASX dividend share that has been rated as a buy is Telstra.
This is due to optimism over the telco giant’s outlook thanks to the successful execution of its transformative T22 strategy and the upcoming growth focused T25 strategy.
Ord Minnett is positive on the company and recently put a buy rating and $4.85 price target on the company’s shares. The broker believes that the company is well-placed to achieve the aforementioned growth targets thanks partly to the recently announced mobile plan increases.
The broker continues to expect the telco to pay fully franked dividends per share of 16 cents for FY 2022 and FY 2023. Based on the current Telstra share price of $3.89, this implies yields of 4.1%.