Buy these ASX stocks for 6% to 8% dividend yields

Big dividend yields are expected from these shares according to analysts.

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Are you on the lookout for some big dividend yields? If you are, then look no further.

Listed below are three ASX dividend stocks that analysts rate as buys and expect very generous dividend yields. Here's what you need to know:

Accent Group Ltd (ASX: AX1)

The first ASX dividend stock to look at is Accent Group. It is a growing footwear-focused retailer with over 800 stores across a large number of store brands.

Bell Potter notes that it is positive on the company "given the scale & exposure in terms of channels, brands & size as the overall industry navigates a challenging retail spend environment in addition to growing a vertical brand strategy (~8% on owned sales) and growth adjacencies."

The broker believes this will position the retailer to pay fully franked dividends per share of 13 cents in FY 2024 and then 14.6 cents in FY 2025. Based on the latest Accent share price of $1.86, this represents dividend yields of 7% and 7.8%, respectively.

Its analysts have a buy rating and a $2.50 price target on its shares.

Deterra Royalties Ltd (ASX: DRR)

Another high-yield ASX dividend stock to look at is Deterra Royalties.

It manages a portfolio of royalty assets across a range of commodities. This includes royalties held over Mining Area C, its cornerstone asset, in the Pilbara region of Western Australia, as well as five smaller royalties including Yoongarillup, Eneabba, and St Ives.

Morgan Stanley recently named the company as one of its top picks in the mining sector. The broker also continues to expect some big dividend yields in the coming years.

It is forecasting fully franked dividends per share of 32.7 cents in FY 2024 and 39 cents in FY 2025. Based on the current Deterra Royalties share price of $4.92, this will mean yields of 6.6% and 7.9%, respectively.

Morgan Stanley has an overweight rating and a $5.60 price target on its shares.

Dexus Convenience Retail REIT (ASX: DXC)

A final ASX dividend stock that could be a buy is Dexus Convenience Retail REIT. It is the owner of a portfolio of service stations and convenience retail assets located across Australia.

The team at Morgans is positive on the company and sees a lot of value in its shares at current levels.

In addition, the broker is forecasting some big yields in the coming years. It has pencilled in dividends per share of 21 cents in both FY 2024 and FY 2025. Based on its current share price of $2.61, this implies a yield of 8%.

Morgans has an add rating and a $3.23 price target on its shares.

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. 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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