Are you searching for big dividend yields? If you are, then read on because listed below are two ASX dividend shares that offer investors big yields.
Here's what you need to know about these ASX dividends shares:
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Accent Group Ltd (ASX: AX1)
This retailer could be an ASX dividend share to buy for income investors. It is the fashion and footwear retailer behind brands including Hype DC, The Athlete's Foot, Glue, and Platypus.
The team at Goldman Sachs is very positive on the company. In fact, it believes the market is overlooking just how positive its outlook is. The broker highlights its expansion potential and exposure to younger consumers as reasons to buy. Particularly given how the latter have less exposure to rising rates and stand to benefit from increases to the minimum wage.
Goldman currently has a buy rating and $3.10 price target on its shares.
As for dividends, Goldman is forecasting a fully franked dividend of 15 cents per share in FY 2023. Based on the current Accent share price of $2.54, this will mean a generous yield of 5.9%.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Another option for income investors to consider is actually an ETF. The Vanguard Australian Shares High Yield ETF gives investors with exposure to ASX dividend shares that have higher than average forecast dividends based on broker research.
But rather than just loading up on banks and miners, the ETF has a diverse group of holdings and restricts the proportion invested in any one industry to 40% and 10% for any one company.
Among the ASX dividend shares that you'll be owning a slice of with this ETF are giants such as BHP Group Ltd (ASX: BHP), Coles Group Ltd (ASX: COL), Commonwealth Bank of Australia (ASX: CBA), and Telstra Corporation Ltd (ASX: TLS).
At present, the Vanguard Australian Shares High Yield ETF trades with an estimated forward dividend yield of 5.5%.
