If you're looking for a passive income boost, then it could be worth considering the ASX dividend shares listed below.
Both of these dividend shares have been tipped to provide big dividend yields and climb meaningfully higher from current levels. Here's what you need to know about these high yield shares:
Adairs Ltd (ASX: ADH)
The first ASX dividend share that could be a top option is Adairs. It is the leading furniture and homewares retailer behind the eponymous Adairs brand, as well as the Focus on Furniture and Mocka brands.
Earlier this week, Adairs released its half-year results and reported a 34.1% increase in sales to a record of $324.2 million and a 23.9% jump in net profit after tax to $21.8 million.
And while trading conditions are expected to be tougher in the second half and FY 2024, UBS believes it is worth sticking with the company.
In response to its results, UBS put a buy rating and $2.95 price target on the company's shares.
As for dividends, the broker is forecasting fully franked dividends per share of 16 cents per share in FY 2023 and FY 2024. Based on the current Adairs share price of $2.24, this will mean yields of 7.1%.
Dalrymple Bay Infrastructure Ltd (ASX: DBI)
Another ASX dividend share that has been named as a buy is Dalrymple Bay Infrastructure.
It is an infrastructure company that operates the Dalrymple Bay Coal Terminal (DBCT) on a long term agreement.
Morgans is a fan of the company and believes it is well-placed to pay big dividends in the near term. This is thanks to the strong demand for coal and its position as the cheapest export route-to-market for users within the Bowen Basin catchment region.
The broker currently has an add rating and $2.67 price target on its shares.
As for dividends, its analysts are forecasting dividends per share of approximately 21 cents in FY 2022 and FY 2023. Based on the latest Dalrymple Bay Infrastructure share price of $2.45, this will mean massive yields of 8.6%.
