Experts name these ASX 200 dividend shares with big yields as buys

Here are a couple of dividend shares that could be buys…

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If you’re looking to boost your income portfolio in July, 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 200 dividend share that could be a top option for income investors is regional bank Bank of Queensland.

It has been tipped as a buy by analysts at Citi with a $9.25 price target. Its analysts see a lot of value in its shares at the current level and also expect them 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 56 cents per share in FY 2023. Based on the current Bank of Queensland share price of $6.77, this will mean yields of 7.2% and 8.3%, respectively.

South32 Ltd (ASX: S32)

Another ASX 200 dividend share to look at is South32. It is diversified mining and metals company producing a range of commodities. These include alumina, aluminium, bauxite, coal, copper, manganese, nickel, and silver.

Morgans is a big fan of the company. It currently has an add rating and $6.10 price target on the miner’s shares. The broker believes the company’s shares are trading at an attractive level. It commented:

We see attractive long-term value potential in S32 from de-risking of its growth portfolio, the potential for further portfolio changes, and an earnings-linked dividend policy.

As for dividends, the broker is forecasting fully franked dividends per share of 26 cents in FY 2022 and 36 cents in FY 2023. Based on the current South32 share price of $3.89, this will mean yields of 6.7% and 9.25%, respectively.

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 no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. 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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