If you're on the hunt for some juicy dividend yields, you may want to check out the three ASX dividend shares listed below. Analysts have named them as buys and are tipping them to provide income investors with above-average dividend yields in the near term. Here's what you can expect from them:


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Accent Group Ltd (ASX: AX1)

Accent Group Ltd stands out as a premier ASX dividend share, tipped to deliver substantial yields. As a leading retailer and distributor of performance and lifestyle footwear, Accent Group operates over 800 stores across Australia and New Zealand, complemented by multiple online stores. Their diverse store brands include HypeDC, Sneaker Lab, Platypus, Stylerunner, Subtype, and The Athlete's Foot.


Bell Potter, a renowned brokerage firm, forecasts fully franked dividends per share of 13 cents in FY 2024 and 14.6 cents in FY 2025. With the latest Accent share price at $1.99, these dividends represent yields of 6.5% and 7.3%, respectively.


The broker has expressed strong confidence in Accent Group's financial health and growth potential, giving it a buy rating and setting a price target of $2.50. This optimistic outlook is driven by the company's robust business model, extensive market reach, and strategic initiatives to enhance shareholder value.


Accent Group’s strategic focus on expanding its footprint and enhancing its product offerings is pivotal to its growth trajectory. The company's commitment to innovation and customer-centric approaches has fortified its market position, driving sustained revenue growth and profitability.

Deterra Royalties Ltd (ASX: DRR)

Morgan Stanley analysts have earmarked Deterra Royalties Ltd as a top ASX dividend share to buy. As a mining royalties company, Deterra generates substantial cash flow from operations like Mining Area C, operated by BHP Group Ltd (ASX: BHP).


Morgan Stanley projects dividends of 32.7 cents in FY 2024 and 39 cents in FY 2025. With Deterra Royalties' current share price at $4.58, these projections translate to impressive yields of 7.1% and 8.5%, respectively.


The broker currently maintains an overweight rating on Deterra Royalties with a price target of $5.60. This rating reflects the company's robust financial performance, strategic partnerships, and stable cash flow generation from its high-quality asset portfolio.


Deterra's portfolio of mining royalties is a significant revenue driver, ensuring consistent and predictable cash flows. The company's strategic alliances with major mining operators like BHP underpin its long-term growth prospects and capacity to deliver substantial shareholder returns.

Dexus Industria REIT (ASX: DXI)

A third ASX dividend share identified as a strong buy is Dexus Industria REIT. This real estate investment trust (REIT) focuses on industrial warehouses, which are integral to the logistics and supply chain sectors.


Morgans, a leading investment firm, is bullish on Dexus Industria REIT due to its resilient industrial portfolio and positive outlook for rental growth. The firm's development pipeline promises near and medium-term upside potential, while post-asset sales provide balance sheet capacity for further execution.


Morgans forecasts dividends per share of 16.4 cents in FY 2024 and 16.6 cents in FY 2025. Based on the current share price of $2.97, these dividends represent yields of 5.5% and 5.6%, respectively. Morgans has assigned an add rating with a price target of $3.18 for Dexus Industria REIT.


Dexus Industria REIT’s strategic emphasis on high-quality industrial properties positions it well to capitalize on growing demand in the logistics sector. The company’s proactive asset management and development strategies are key drivers of its growth and ability to deliver competitive dividends.


Investors seeking substantial dividend yields should consider adding these ASX shares to their portfolios. Accent Group Ltd, Deterra Royalties Ltd, and Dexus Industria REIT are all backed by strong analyst recommendations and promising dividend projections. These companies not only offer attractive yields but also have robust business models and strategic growth initiatives that make them appealing long-term investments.


Accent Group shines with its extensive retail network and innovative growth strategies. Deterra Royalties boasts stable cash flows from high-quality mining royalties, while Dexus Industria REIT capitalizes on the booming logistics and industrial property sectors.


By including these high-yield ASX dividend shares in your investment portfolio, you can potentially achieve above-average returns and steady income in the near term.