Should income investors buy these ASX dividend stocks with 7%+ yields?

Big yields could be on the way for owners of these dividend shares according to analysts.

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Income investors on the lookout for some big yields might want to check out the three ASX dividend stocks listed below.

Here's what analysts are expecting from their shares in the near term:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock that could be a buy is Accent. It is a footwear-focused retailer that owns a collection of popular store brands such as The Athlete's Foot and Platypus.

Bell Potter is a fan of the company and has a buy rating and a $2.50 price target on its shares.

As for income, the broker is forecasting fully franked dividends per share of 11.8 cents in FY 2024 and then 13.7 cents in FY 2025. Based on the latest Accent share price of $1.83, this represents yields of 6.4% and 7.5%, respectively.

Stockland Corporation Ltd (ASX: SGP)

Citi thinks that Stockland could be an ASX dividend stock to buy.

Its analysts like the residential and land lease developer and retail, logistics and office real estate property manager due to its "strong medium-term growth outlook and cheap valuation."

Citi currently has a buy rating and a $5 price target for its shares.

In respect to dividends, it expects dividends per share of 27 cents in FY 2024 and FY 2025. Based on the current Stockland share price of $3.65, this will mean yields of 7.4% in both years.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend stock that could be a buy is Universal Store. It is the youth-focused fashion retailer behind the Universal Store, Perfect Stranger, Thrills, and Worship brands.

Morgans is a fan and has an add rating and a $4.25 price target on its shares.

In respect to income, the broker is expecting fully franked dividends per share of 26 cents in FY 2024 and 29 cents in FY 2025. Based on the current Universal Store share price of $3.40, this will mean yields of 7.6% and 8.5%, respectively.

Citigroup is an advertising partner of The Ascent, a Motley Fool company. Motley Fool contributor James Mickleboro has positions in Universal Store. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended Accent Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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