If you're looking to boost your income portfolio in August, 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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Bank of Queensland Limited (ASX: BOQ)
The first ASX dividend share that could be a top option for income investors is big four challenger Bank of Queensland.
This regional bank has been tipped as a buy by analysts at Citi with an $8.75 price target.
Citi has been pleased with Bank of Queensland's performance in FY 2022, noting that its half-year results came in ahead of expectations.
And while the broker suspects that rising rates could slow its revenue growth if lending volumes suffer, it remains positive due to the ME Bank acquisition. It expects cost synergies from this acquisition to be supportive of earnings growth in the near term.
In respect to dividends, the broker is forecasting fully franked dividends per share of 46 cents in FY 2022 and then 50 cents per share in FY 2023. Based on the current Bank of Queensland share price of $7.44, this will mean yields of 6.2% and 6.7%, respectively.
HomeCo Daily Needs REIT (ASX: HDN)
Another ASX dividend share that has been rated as a buy is HomeCo Daily Needs REIT. It is a property company with a focus on neighbourhood retail, health and services, and large format retail.
Morgan Stanley is positive on HomeCo Daily Needs. Last week the broker initiated coverage on the company's shares with an overweight rating and $1.57 price target.
HomeCo Daily Needs is the broker's top REIT pick in Australia. This due to its significant development pipeline and attractive exposure to large format retail parks and convenience-style retail assets in metro location
As for dividends, the broker is forecasting dividends per share of 8.3 cents in FY 2022 and 8.8 cents in FY 2023. Based on the current HomeCo Daily Needs share price of $1.39, this will mean dividend yields of 6% and 6.3%, respectively.
