Which ASX Dividend Stocks Are Yielding More Than 6% in 2026?

Round numbers have a strange pull on investors — and using reference prices from the close on 23 September 2026, eight S&P/ASX 200 names including Arena REIT (ASX:ARF) at 8.95% and AGL Energy Limited (ASX:AGL) at 6.09% finish above the 6% threshold. Type a threshold such as 6% into a Stock Screener and a long market neatly collapses into a short list, which feels like progress. But a cut-off is only as good as the definition behind it. Using reference prices from the close on Wednesday 23 September 2026 and each company's latest confirmed full-year payout, eight S&P/ASX 200 names finish above 6%, one lands precisely on the line, and one falls short. This article runs that screen carefully, showing what passes, what sits at the boundary, and why a single number can mislead as easily as it can inform anyone searching for income in 2026.

The table shows the ten names in our sample. The yields are our calculations, not ASX-published figures.

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 is a 6% line attracting attention?

After the June–August reporting season, many investors are reviewing where their income comes from. A 6% cut-off is appealing because it is easy to remember and easy to filter. Yet each yield here is a ratio: the most recent full-year payout divided by one day's price. Change the day and the list can change with it, even if no company changes its payout.

Which eight names clear 6%?

Eight names finish strictly above the threshold. Four are property trusts paying distributions; four are companies paying fully franked dividends.

Arena REIT (ASX:ARF)

Arena tops the screen at 8.95%, from 19.25c per security against A$2.15. That payout rose 5.5% on FY2025, paid in four quarterly instalments of 4.8125c. But the screen cannot see what happened next. In August 2026, early learning tenant Edge Early Learning, around 14% of income and 31 leases, failed to pay rent and entered voluntary administration. Arena guides to at least 18.0c for FY2027, below FY2026, assuming no Edge rent from 1 August 2026, so the trailing figure is not currently expected to repeat.

HomeCo Daily Needs REIT (ASX:HDN)

HDN's 8.60c distribution against A$1.095 gives 7.85%. The REIT owns convenience-based centres anchored by supermarkets and everyday services. FY2027 guidance is for an unchanged 8.6c distribution, held flat despite higher finance costs, alongside FFO guidance of 8.8c, below FY2026's 9.0c. Gearing is 35.7%, inside a 30–40% target.

Waypoint REIT (ASX:WPR)

Waypoint's 7.53% comes from 16.64c per security for calendar 2025, its latest completed financial year, against A$2.21. The service station owner, with Viva Energy as its major tenant, reported a WALE of 6.4 years and occupancy of 99.9%. Its calendar-2026 guidance of 17.14c relates to distributable earnings, not distributions.

Charter Hall Long WALE REIT (ASX:CLW)

CLW clears the line at 7.52%, a whisker behind Waypoint, from 25.5c against A$3.39. Operating Earnings and distribution were both 25.5c in FY2026, with the same figure guided for FY2027. The portfolio of about 505 properties has a 9.2-year WALE and gearing of 27.5%.

Harvey Norman Holdings Limited (ASX:HVN)

The highest Dividend Yield among the companies belongs to Harvey Norman, at 6.58%, from 27.5c fully franked against A$4.18. That total was up from 26.5c. Reported profit after tax and minority interests was $528.46m, a 2.0% increase. Shareholders on the register at 7 October are due the 13.0c final on 12 November 2026.

Fortescue Ltd (ASX:FMG)

Fortescue yields 6.41% on A$1.08 fully franked against A$16.85, marginally lower than FY2025's A$1.10. Its policy is to pay 50–80% of underlying NPAT; FY2026's payout was 65% of US$3.5bn. Record shipments of 201.3 million tonnes and free Cash Flow of US$3.2bn supported the result.

Metcash Limited (ASX:MTS)

Metcash's 18.0c fully Franked Dividend for the year to 30 April 2026 produces 6.34% at A$2.84. The Payout Ratio of 73.6% sits almost exactly on a target of about 74% of underlying profit, which was $268.8m. Its Business spans grocery wholesale, liquor and hardware.

AGL Energy Limited (ASX:AGL)

AGL clears the bar by the narrowest Margin of the eight, at 6.09% from 50c fully franked against A$8.21. Underlying NPAT fell 2% to $631m. FY2027 guidance of $470m–$670m, paired with a 55–60% target payout ratio, means the next dividend could land above or below this year's, depending on where profit falls within that range.

Which names fall at the line?

Two names in the sample do not satisfy "more than 6%".

Stockland (ASX:SGP)

Stockland sits at exactly 6.00%, from 25.2c per security against A$4.20. A screen set to "6% or more" would include it; one set to "more than 6%" would not. The distribution equals 69% of FFO of 36.9c, and FY2027 guidance holds it at 25.2c while FFO is guided to 38.0–39.0c.

BWP Group (ASX:BWP)

BWP, landlord to Bunnings Warehouse stores, sits below at 5.41% on 19.41c against A$3.59. Yet it is one of few names here guiding to a higher distribution, 20.00c for FY2027. The FY2026 distribution was slightly above FFO of 19.29c. The group internalised its management on 1 August 2025.

What are the pitfalls of a yield screen?

Screens treat a hard line as meaningful when it rarely is. A small price move could push AGL under 6% or lift Stockland over it, with nothing changing inside either business. Screens also look backwards: Arena passes comfortably on a payout it does not expect to match. And screens usually ignore franking. The four companies are fully franked, which may add after-tax value for eligible Australian investors depending on their circumstances, but the cash yields shown exclude those credits.

How well covered are the payouts behind the screen?

Coverage varies. CLW paid out exactly its operating earnings, while Stockland distributed 69% of FFO. HDN's distribution sits below both its FY2026 FFO and its FY2027 FFO guidance. Among the companies, AGL's 53.3% ratio is at the lower end of its 50–75% policy, while Metcash distributes close to three-quarters of underlying profit.

What risks could move names across the line?

Tenant stress, as Arena has shown; iron ore prices, Chinese steel Demand and the Australian dollar for Fortescue; energy-market outcomes within AGL's wide guidance range; and finance costs for geared trusts. Any of these could alter future payouts, and any price movement alters the yield immediately.

What should investors monitor next?

Investors may want to check yields against fresh prices rather than relying on a saved screen, watch the outcome of Edge's administration, note Fortescue's 29 September payment date, and follow any guidance updates from AGL, HDN and the other trusts.

Key Insights / Key Takeaways

A 6% screen in 2026 returns eight names on the 23 September close, with Stockland on the line and BWP below. That is a useful starting point, not a verdict. The more revealing work lies in what the screen leaves out: guidance, coverage, franking and the price on the day you look.