3 small ASX dividend shares with big yields

There are some ASX dividend shares that have big dividend yields.

Some businesses are quite a bit smaller than the biggest companies on the ASX. Shares like Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP) have market capitalisations of more than $100 billion.

These stocks have much smaller capitalisations, but they still have large yields:

Adairs is one of the largest retailers of furniture and homewares in Australia.

Using the market capitalisation from the ASX, it’s valued at $646 million.

The ASX dividend share has a trailing grossed-up dividend yield of 4.3%. In FY21, Commsec has numbers projecting that Adairs will pay an annual dividend of $0.21 per share, equating to a forward grossed-up dividend…