Highlights

  • A screen of Australia's highest-yielding stocks identifies 15 companies, ETFs and income trusts paying dividend yields between 6.9% and 9.1%.
  • Tasmea Ltd (ASX:TEA) delivered the best one-year return of +53.4% while also paying a fully franked dividend yield.
  • DigiCo Infrastructure REIT (ASX:DGT) recorded the largest share price decline at -58.57%, despite offering a 9.13% dividend yield.
  • Fully franked dividends from companies including Magellan Financial Group, Regal Partners and Tasmea can enhance after-tax returns for Australian investors.
  • Returns across the group range from large gains to significant declines, highlighting that dividend yield alone is not a reliable investment signal.

Income investing on the ASX has become increasingly relevant. With the Reserve Bank of Australia navigating a cautious easing cycle and term deposit rates gradually drifting lower, many investors are seeking alternative income sources.

A screen of high-yield ASX stocks and ETFs paying roughly 6.9% to 9.1% reveals a diverse mix of companies and investment vehicles. These include global fund managers, infrastructure operators, industrial service companies, dividend ETFs, credit trusts and real estate investment trusts.

However, high yields can emerge for different reasons. Some reflect sustainable dividends from profitable businesses, while others result from falling share prices rather than growing income streams.

Below we review 15 high-yield ASX stocks, ETFs and income trusts to highlight where opportunities — and risks — may exist.

Top Yielders: Fund Managers and Financial Stocks

These companies frequently appear on high-yield screens because of high payout ratios and asset-management business models.

GQG Partners (ASX:GQG) — Yield: 8.89%

GQG Partners offers a dividend yield of 8.89%, though its -19.5% one-year share price return reflects investor concerns.

The Miami-based fund manager reported funds under management of US$172.4 billion in early 2026 and net revenue growth of 6.3% to US$808 million. However, net client outflows of US$3.9 billion during 2025 have weighed on sentiment. Its dividends are unfranked, reducing their after-tax appeal for Australian investors.

Atlas Arteria (ASX:ALX) — Yield: 8.82%

Atlas Arteria operates toll road infrastructure across France and the United States and currently offers a dividend yield of 8.82%.

The stock has declined 9.1% over the past year, partly reflecting uncertainty following the sale of its APRR stake. While the company offers infrastructure-style income, its unfranked distributions and evolving asset portfolio introduce some uncertainty around future payouts.

DigiCo Infrastructure REIT (ASX:DGT) — Yield: 9.13%

DigiCo Infrastructure REIT has experienced the largest decline in the group, with shares down 58.57% since listing in late 2024.

The REIT owns 13 data-centre assets across Australia and North America, focused on colocation and hyperscale facilities. Despite offering a 9.13% yield, investors remain cautious due to the capital-intensive nature of data-centre development.

Magellan Financial Group (ASX:MFG) — Yield: 8.45%, Fully Franked

Magellan once traded above $70 per share, but at roughly $10.23, the company now offers an 8.45% fully franked dividend yield, which grosses up to around 12.1% for Australian taxpayers.

The stock has delivered a +33% one-year return, even as revenue declined 15.8% in FY2025 due to lower funds under management. The company is undergoing strategic changes under CEO Sofia Rahmani.

Tasmea Ltd (ASX:TEA) — Yield: 6.13%, Fully Franked

Tasmea is the strongest performer on the list.

The industrial services group delivered a +53.4% one-year return while paying a fully franked dividend. Revenue rose 37% to $550.19 million in FY2025, and the company has reaffirmed FY2026 EBIT guidance of $117 million, representing 57% year-on-year growth.

Regal Partners (ASX:RPL) — Yield: 8.17%, Fully Franked

Regal Partners provides exposure to alternative asset management, including long-short equities, private credit and real assets.

The company offers a fully franked yield of 8.17%, although its -13.94% one-year return highlights volatility within the funds-management sector.

ARB Corporation (ASX:ARB) — Yield: 5.45%, Fully Franked

ARB Corporation manufactures four-wheel-drive accessories and has historically traded at premium valuations.

A profit downgrade pushed the share price down 35.65% over the past year, increasing its dividend yield to 5.45%. Despite this decline, revenue still grew 5.3% to $731 million in FY2025.

Vanguard Australian Shares High Yield ETF (ASX:VHY) — Yield: 7.54%

VHY tracks an index of high-yielding Australian equities and currently offers a 7.54% dividend yield with 40% franking.

The ETF delivered a +13% one-year return, highlighting the benefits of diversified income exposure.

Vanguard MSCI Australian Small Companies ETF (ASX:VSO) — Yield: 7.51%

VSO provides exposure to Australian small-capitalisation companies.

The ETF offers a 7.51% yield and delivered a +5% one-year return, combining dividend income with small-cap market exposure.

MA Credit Income Trust (ASX:MA1) — Yield: 8.49%

MA1 invests primarily in corporate loans and private credit opportunities, delivering an 8.49% yield with a -0.5% one-year return.

Metrics Master Income Trust (ASX:MXT) — Yield: 8.24%

MXT focuses on senior secured corporate loans and distributes monthly income payments to investors.

Gryphon Capital Income Trust (ASX:GCI) — Yield: 6.97%

GCI invests in Australian residential mortgage-backed securities, providing a 6.97% yield with relatively stable capital performance.

Growthpoint Properties Australia (ASX:GOZ) — Yield: 8.51%

Growthpoint owns a portfolio of office and industrial properties and has delivered a -6.55% one-year return amid challenges in the office property market.

Abacus Group (ASX:ABG) — Yield: 8.21%, 50% Franked

Abacus has repositioned itself as a self-storage and commercial property group. The stock has recorded a -7.2% one-year return while paying a partially franked dividend.

Cromwell Property Group (ASX:CMW) — Yield: 7.50%

Cromwell is an office-focused REIT undergoing strategic repositioning, with a +1.28% one-year return and a 7.5% dividend yield.

This screen of 15 ASX high-yield dividend stocks, ETFs and income trusts highlights the wide range of income opportunities available on the market.

Some companies — such as Tasmea — combine dividend income with strong earnings growth, while others like DigiCo Infrastructure REIT illustrate how high yields can result from declining share prices.

For income investors in 2026, the key considerations remain dividend sustainability, earnings growth, franking credits and sector diversification.

Building portfolios across industrial companies, ETFs, credit trusts and REITs can help investors create more balanced income strategies on the Australian Securities Exchange.