Although the market has been hitting record highs this year, that doesn't mean there aren't any cheap shares out there.

For example, two ASX dividend stocks that could be classed as cheap are listed below.

In addition, analysts believe that they could offer above-average dividend yields in the near term. Here's what they are saying about them:

Clearview Wealth Ltd (ASX: CVW)

The first cheap ASX dividend stock that could be a buy is Clearview Wealth. It is a life insurance company that partners with financial advisers to help Australians protect their wealth. At the last count, it was managing over $370 million of in-force premiums.

Morgans is a fan of the company and estimates that its shares are changing hands for just 8.5x forward earnings. It appears to believe this is too low given its belief that Clearview Wealth's transformation program will support strong earnings per share growth over the next three years.

As well as being cheap, the broker expects some great dividend yields in the near term. It is forecasting fully franked dividends of 3.6 cents per share in FY 2025 and then 4.3 cents per share in FY 2026. Based on the current Clearview share price of 52.5 cents, this would mean dividend yields of 6.9% and 8.2%, respectively.

Morgans has an add rating and 81 cents price target on its shares. This implies potential upside of just over 50% for investors over the next 12 months.

Inghams Group Ltd (ASX: ING)

The team at Morgans also thinks that Inghams could be a cheap ASX dividend stock to buy right now. It is the largest integrated poultry producer across Australia and New Zealand, supplying major retailers, quick service restaurant operators, food service distributors, and wholesalers.

The broker recently revealed that it was "happy to buy" its shares last month. It estimates that Ingham's shares are trading on a forward earnings multiple of under 11x.

And much like Clearview Wealth, Morgans believes big dividend yields are on the way in the coming years. The broker is forecasting fully franked dividends of 19 cents per share in both FY 2025 and FY 2026. Based on the current Inghams share price of $2.88, this will mean dividend yields of 6.6% for income investors across both years.

Morgans currently has an add rating and $3.66 price target on its shares. This suggests that upside of 28% is possible for investors over the next 12 months.