Buy these cheap ASX dividend shares for big yields

Let's find out which shares are being tipped as buys for income investors by analysts.

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With interest rates tipped to fall further later this year, many income investors are turning their attention back to dividend-paying shares.

Three cheap ASX dividend shares that could be top picks right now according to analysts are listed below. Here's what they are rated highly:

Accent Group Ltd (ASX: AX1)

The first ASX dividend share to look at is Accent Group. It is a footwear-focused retailer that owns and operates leading brands like The Athlete's Foot, Hype DC, and Platypus.

Bell Potter sees a lot of value in its shares at current levels. The broker recently put a buy rating and $2.60 price target on them.

As for income, the broker is forecasting fully franked dividends of 10.2 cents per share in FY 2025 and then 12.7 cents per share in FY 2026. Based on its current share price of $1.81, this represents dividend yields of 5.6% and 7%, respectively.

Endeavour Group Ltd (ASX: EDV)

Another ASX dividend share that could be cheap according to analysts is Endeavour Group.

It is the leader in the Australian alcohol retail market through its popular store brands Dan Murphy's and BWS. Endeavour also owns the ALH Hotels business, which has over 350 licensed venues across the country.

Morgan Stanley thinks Endeavour could be a top pick for income investors. The broker has an overweight rating and $5.30 price target on its shares.

As for income, it is expecting the company to pay fully franked dividends of 19 cents per share in FY 2025 and then 21 cents per share in FY 2026. Based on the current Endeavour share price of $3.97, this will mean dividend yields of 4.8% and 5.3%, respectively.

Rural Funds Group (ASX: RFF)

Finally, Bell Potter thinks that Rural Funds Group could be a cheap ASX dividend share to buy.

It is a diversified agricultural property company that owns a portfolio of high-quality assets. This includes almond orchards, cattle farms, vineyards, and macadamia plantations.

Rural Funds boasts long-term lease agreements with industry leaders, providing it with great visibility on its future earnings and dividends.

In respect to the latter, Bell Potter is forecasting dividends per share of 11.7 cents in FY 2025 and then 12.2 cents in FY 2026. Based on its current share price of $1.73, this will mean dividend yields of 6.75% and 7.1%, respectively.

Bell Potter also sees major upside for its shares. It has a buy rating on them with a $2.45 price target.

Motley Fool contributor James Mickleboro has positions in Accent Group and Endeavour Group. 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 positions in and has recommended Rural Funds Group. 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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