If you're looking to boost your income with some dividend shares, then you may want to consider the ones listed below.
Both ASX dividend shares are rated as buys and expected to provide investors with big yields in the near term.
Here's what you need to know about them:
Pilbara Minerals Ltd (ASX: PLS)
If you don't mind investing in the resources sector, then the first ASX dividend share to consider is Pilbara Minerals.
Last month, this lithium miner delighted its shareholders by declaring a maiden interim dividend. The company made the move in response to the mountains of cash it is generating from its lithium.
And while opinion is divided on where lithium prices are going from here, the team at Macquarie expects them to be strong enough to allow Pilbara Minerals to pay some big dividends in the coming years.
Its analysts are expecting the miner to reward shareholders with a 45 cents per share dividend in FY 2023 and a 34 cents per share dividend in FY 2024. Based on the latest Pilbara Minerals share price of $4.16, this will mean yields of 10.8% and 8.2%, respectively.
Macquarie has an outperform rating and $7.70 price target on the company's shares.
QBE Insurance Group Ltd (ASX: QBE)
Another ASX dividend share to consider buying is insurance giant QBE.
Morgans is a big fan of the company and has it on its best ideas list. The broker was pleased with QBE's "very strong FY22 performance versus market expectations" and expects more of the same in FY 2023. This is thanks to key tailwinds of "premium rate increases and higher investment income which remain supportive of earnings growth."
In respect to dividends, the broker is expecting an 83 cents per share dividend in FY 2023 and then a 94 cents per share dividend in FY 2024. Based on the latest QBE share price of $15.27, this equates to yields of 5.4% and 6.2%, respectively.
Morgans has an add rating and $16.96 price target on this insurance giant's shares.
