10 ASX Dividend Stocks for Income: What the Latest ASX Payouts Show

For income investors tracking names like Harvey Norman Holdings Limited (ASX:HVN) and Arena REIT (ASX:ARF), reporting season is the annual exam. Between June and August 2026, most of the ASX 200's big payers lodged full-year results, and with them came the numbers that matter most to anyone living off their portfolio: how much was paid, how that compares with a year earlier, and what boards expect next. Treated as a report card, the ten highest-yielding names in our S&P/ASX 200 snapshot tell a mixed story. Some lifted payouts, one trimmed, several held steady, and one of the highest yields on the list now comes with lower guidance attached. Here is what the latest announcements actually show, name by name.

Indicative yields below are our calculations, using latest full-year payouts and prices at the close on 23 September 2026.

Source note: Dividend and distribution amounts are the latest confirmed full-year payouts from official ASX company announcements. Reference prices are from an S&P/ASX 200 component snapshot after the close on 23 September 2026. Indicative Yield = annual payout ÷ reference price (our calculation, not an ASX-published figure); cash yields exclude franking credits.

*Waypoint REIT reports on a calendar-year basis; FY2025 (year to 31 December 2025) is its latest completed full year.

Why are income investors reading results so closely?

A yield figure on its own looks backwards. It divides a payout already announced by today's price, and says nothing about whether that payout will rise, fall or hold. That is why the detail inside results releases, including prior-year comparisons, payout ratios and guidance, has drawn so much attention in 2026. It separates three things often blurred together: what was paid, what the yield looks like at current prices, and what management expects.

Which payouts rose?

Harvey Norman Holdings Limited (ASX:HVN)

Result: 27.5c per share fully franked, from a 14.5c interim and 13.0c final, up from 26.5c in FY2025. The group lifted profit after tax and minority interests by 2.0% to $528.46m. Timing: the final dividend's Record Date is 7 October 2026, with payment on 12 November. At A$4.18 the indicative Dividend Yield is 6.58%.

Arena REIT (ASX:ARF)

Result: 19.25c per security, paid as four quarterly distributions of 4.8125c and up 5.5% on FY2025, an 8.95% indicative distribution yield at A$2.15. Outlook: this is the report card with the red ink. Tenant Edge Early Learning, about 14% of income across 31 leases, stopped paying rent in August 2026 and entered voluntary administration. Arena guides to at least 18.0c for FY2027, below FY2026, assuming no Edge rent from 1 August 2026.

BWP Group (ASX:BWP)

Result: 19.41c per security, up 4.1%, including a 9.58c interim; FFO per security rose 2.1% to 19.29c, slightly below the distribution. Outlook: FY2027 guidance is 20.00c, about 3% higher. The yield is 5.41% at A$3.59, lowest of the ten.

Waypoint REIT (ASX:WPR)

Result: Waypoint runs on a calendar year, so its latest full year is 2025: 16.64c per security across quarterly payments of 4.12c, 4.12c, 4.20c and 4.20c, equal to distributable earnings, which rose 1.0%. At A$2.21 that is 7.53%. Outlook: calendar-2026 guidance is for distributable Earnings of 17.14c, up 3%; that is earnings guidance, not a declared distribution. The 1H26 result arrived on 27 August 2026.

Which payout slipped?

Fortescue Ltd (ASX:FMG)

Result: A$1.08 per share fully franked, from an A$0.62 interim and A$0.46 final, slightly below FY2025's A$1.10. The payout was 65% of underlying NPAT of US$3.5bn, which rose 3%, within a 50–80% policy. Record shipments reached 201.3 million tonnes. Timing: the final is scheduled for payment on 29 September 2026. The yield is 6.41% at A$16.85.

Where have boards held the line?

HomeCo Daily Needs REIT (ASX:HDN)

Result: 8.60c per security, a 7.85% yield at A$1.095, against FFO of 9.0c. Outlook: the FY2027 distribution is guided flat at 8.6c despite higher finance costs, with FFO guided to 8.8c. Gearing of 35.7% sits within a 30–40% target. Occupancy is 99%.

Charter Hall Long WALE REIT (ASX:CLW)

Result: 25.5c per security, exactly matching operating earnings, for 7.52% at A$3.39. Outlook: FY2027 guidance repeats 25.5c for both earnings and distribution. The REIT reports a 9.2-year WALE and 99.9% occupancy.

Stockland (ASX:SGP)

Result: 25.2c per security, 69% of FFO of 36.9c, which landed at the top end of guidance. At A$4.20 that is 6.00%. Outlook: FFO is guided up to 38.0–39.0c, but the distribution is guided flat at 25.2c.

Where does next year hinge on profit?

AGL Energy Limited (ASX:AGL)

Result: 50c per share fully franked, including a 26c final, 53.3% of underlying NPAT of $631m, which fell 2%. The yield is 6.09% at A$8.21. Outlook: FY2027 underlying NPAT guidance is $470m–$670m, with a target Payout Ratio of 55–60%, expected fully franked. The low end of that range sits below FY2026 profit, so the dividend outcome is open.

Metcash Limited (ASX:MTS)

Result: 18.0c per share fully franked for the year to 30 April 2026, from an 8.5c interim and 9.5c final, a 6.34% yield at A$2.84. The payout ratio was 73.6% of $268.8m underlying NPAT. Outlook: the target is about 74% of underlying profit, so future dividends track earnings closely. The Dividend reinvestment plan is suspended.

How sustainable do the payouts look after results?

Earnings cover is the clearest signal. CLW paid out exactly what it earned, Waypoint matched distributable earnings, and HDN and Stockland distributed less than FFO. BWP is the exception among the trusts, paying slightly more than FFO. For Fortescue, AGL and Metcash, payout ratios sit within or close to stated policies, leaving boards some discretion if conditions change.

What risks could rewrite next year's report card?

Tenant failures, as Arena's experience shows, can hit property income quickly. Iron ore prices, Chinese steel Demand and currency swings feed directly into Fortescue's capacity to pay. AGL's result depends on energy markets as it transitions from coal. Finance costs remain a pressure point for geared trusts.

What should investors monitor next?

Investors may want to monitor Fortescue's 29 September payment, Harvey Norman's 7 October record date, the Edge administration, Waypoint's calendar-2026 distributions and full-year result, and where AGL's profit lands within its range.

Key Insights / Key Takeaways

The 2026 report card shows no single trend. Harvey Norman, Arena and BWP lifted their payouts on the prior year, Fortescue eased slightly, and HDN, CLW and Stockland guided flat for FY2027. The highest yield comes with lowered guidance, while the lowest comes with guidance for an increase. For anyone relying on these names for income, the practical lesson is that every yield figure needs its footnotes read: the prior-year comparison, the payout ratio, and above all the guidance.