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:
Rural Funds Group (ASX: RFF)
The first ASX dividend share for income investors to look at is Rural Funds.
It is an agricultural focused real estate investment trust (REIT) that owns a high quality portfolio of assets across a range of agricultural industries. These include almond and macadamia orchards, premium vineyards, water entitlements, cropping and cattle farms.
These properties are leased to major players in the industry such as Australia's largest meat processor, JBS Australia, and wine giant Treasury Wine Estates Ltd (ASX: TWE).
Bell Potter is a fan of the company and has a buy rating and $2.75 price target on its shares.
As for dividends, the broker is forecasting an 11.7 cents per share dividend in FY 2023 and then a 12.7 cents per share dividend in FY 2024. Based on the current Rural Funds share price of $2.43, this represents yields of 4.8% and 5.2%, respectively.
South32 Ltd (ASX: S32)
Another ASX dividend share that experts are tipping as a buy is diversified mining and metals company South32.
Morgans is a fan of the mining giant due to its attractive valuation, the de-risking of its growth portfolio, and its earnings-linked dividend policy. The broker expects the latter to lead to some very big dividends being paid in the coming years.
For example, the broker is forecasting fully franked dividends per share of 23 cents in FY 2023 and 22 cents in FY 2024. Based on the current South32 share price of $4.56, this will mean yields of 5% and 4.8%, respectively.
Morgans has an add rating and $5.30 price target on the miner's shares.
