If you are on the lookout for a combination of big returns and great dividend yields, then look no further.

That's because analysts at Bell Potter believe one ASX 300 stock could deliver both over the next 12 months.

The company in question is Accent Group Ltd (ASX: AX1).

While its name may not be well-known, chances are you will have shopped at one of its many store brands in the past.

Among the ASX 300 stock's store brands are Article One, Glue Store, Hype DC, Nude Lucy, Platypus, Sneaker Lab, Stylerunner, and The Athlete's Foot (TAF). It also holds licensing rights for brands such as Hoka, Timberland, Skechers, and Vans.

Bell Potter believes that Accent is well-positioned for growth. It commented:

We remain constructive on AX1 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 within TAF & via exclusive partnerships with globally winning brands as Hoka.

The broker expects this to lead to earnings per share growth of 17.1% in FY 2025 to 15.5 cents and then 24.6% to 19.3 cents in FY 2026. This means that Accent's shares are changing hands at just 12.5x estimated FY 2025 earnings and 10x estimated FY 2026 earnings.

This is too cheap to ignore according to its analysts, which are tipping major upside potential for investors that buy in at current levels.

According to a recent note, the broker has a buy rating and $2.50 price target on the company's shares.

Based on the current Accent share price of $1.95, this implies potential upside of 28% for investors over the next 12 months.

This means that a $10,000 investment would grow to be worth $12,800 this time next year if Bell Potter is on the money with its recommendation.

But the returns won't stop there. Accent is among the more generous dividend payers on the Australian share market and Bell Potter doesn't expect this to change.

Its analysts are forecasting fully franked dividends per share of 13 cents in FY 2024, 14.6 cents in FY 2025, and then 16.4 cents in FY 2026. Based on where the ASX 300 stock currently trades, this would mean dividend yields of 6.65%, 7.5%, and 8.4%, respectively.

And as Accent's interim dividend has already been paid, you would be looking at a ~7% dividend yield on a 12-month basis (FY24 final and FY25 interim).

Overall, investors buying at current levels could generate a total annual return of approximately 35% if all goes to plan.