If you're looking to boost your income portfolio, then you may want to look at the shares listed below.
Here's why these ASX dividend shares could be worth considering right now:
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Baby Bunting Group Ltd (ASX: BBN)
The first ASX dividend share that could be a good option for income investors is leading baby products retailer Baby Bunting.
While the retail sector is facing a number of challenges from the cost of living crisis, it is worth remembering that Baby Bunting is operating in a less discretionary side of the market. This leaves it better positioned than most in the current environment.
Citi remains very positive on Baby Bunting and currently has a buy rating and $5.62 price target on its shares. The broker believes the company is well-placed for growth over the long term thanks to its strong market position and growing addressable market through product range expansions.
As for dividends, Citi is forecasting fully franked dividends per share of 18 cents in FY 2023 and then 21.8 cents in FY 2024. Based on the current Baby Bunting share price of $3.77, this will mean yields of 4.8% and 5.8%, respectively.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX dividend share that could be a good option is insurance giant QBE.
Morgans is very positive on the company. This is due to strong policy rate increases, improving investment yields, and its further cost-out benefits. It expects this to lead to the company's earnings profile improving strongly in the coming years.
As a result, the broker recently put an add rating and $14.93 price target on its shares.
In respect to dividends, its analysts are expecting a ~42 cents per share dividend in FY 2022 and then a ~77 cents per share dividend in FY 2023. Based on the latest QBE share price of $11.39, this equates to yields of 3.7% and 6.75%, respectively
