Highlights

  • A range of ASX-listed companies across telecommunications, mining, financial services, infrastructure, media, and property currently offer dividend yields around 6.5%–6.9%.
  • Several companies provide fully franked dividends, boosting gross yields above 9% for eligible Australian shareholders.
  • Infrastructure and property REITs continue to offer stable distribution profiles backed by long-term assets and leases.
  • Some companies provide Dividend Reinvestment Plans (DRPs), enabling shareholders to compound returns through additional share allocations.

Dividend-paying shares remain an important component of income-focused investment strategies in Australia. A number of ASX-listed companies across diverse sectors currently offer dividend yields approaching or exceeding 6.5%, supported by established operations and recurring revenue streams.

These companies operate in sectors ranging from telecommunications and coal mining to property trusts, financial services, infrastructure, and advertising. While yields alone do not determine investment quality, the combination of sector positioning, business fundamentals, and distribution policies can provide investors with potential income opportunities.

Below is an overview of selected ASX-listed companies offering notable dividend yields.

TPG Telecom Ltd (ASX:TPG)

TPG Telecom Ltd is one of Australia’s major telecommunications providers, offering mobile, fixed broadband, and enterprise connectivity services. The company was formed through the 2020 merger of TPG Corporation and Vodafone Hutchison Australia, creating a national telecommunications operator serving both consumers and businesses.

TPG currently offers a dividend yield of 6.87% with a 10% franking level, producing a gross yield of approximately 7.16%. The company operates well-known consumer brands including Vodafone, TPG, iiNet, Internode, and Lebara, giving it a broad customer base across multiple market segments.

The Australian telecommunications sector is typically characterised by a three-player competitive structure, with large network operators competing across mobile and broadband services. TPG continues to invest in 5G network expansion and fixed wireless broadband infrastructure, which could support future data growth and connectivity demand.

New Hope Corporation Ltd (ASX:NHC)

New Hope Corporation Ltd is an Australian thermal coal producer with operations including the New Acland mine in Queensland and the Bengalla mine in New South Wales. The company has built a reputation as a low-cost coal producer supplying export markets, particularly across Asia.

NHC offers a dividend yield of 6.75%, which is fully franked, delivering a gross yield of approximately 9.65% for Australian shareholders eligible for franking credits. Strong global coal demand in recent years has supported profitability and shareholder distributions.

The company has also been progressing development and regulatory approvals linked to the New Acland expansion, which could extend mine life and production capacity. As with most resource companies, earnings and dividend capacity remain influenced by commodity price cycles and global energy demand trends.

Perpetual Ltd (ASX:PPT)

Perpetual Ltd is a long-established Australian financial services group operating across asset management, corporate trust services, and wealth management. Founded in the 19th century, the company has built a strong reputation for managing client assets and providing trustee services.

PPT currently provides a dividend yield of 6.69%, with dividends distributed without franking credits. Over recent years, the company has expanded its international presence through acquisitions including Barrow Hanley, Trillium Asset Management, and Pendal Group.

The company’s corporate trust division provides recurring service revenue linked to bond issuances, securitisation structures, and managed investment schemes, while its asset management platform oversees a diversified range of investment strategies.

Waypoint REIT (ASX:WPR)

Waypoint REIT is Australia’s largest listed fuel and convenience retail property trust, owning service station sites leased to major fuel retailers across the country. The trust primarily leases properties to Viva Energy under long-term triple net leases, which typically require tenants to cover maintenance and operating costs.

WPR provides a dividend yield of 6.68%, distributed as unfranked trust income. The structure of long-duration lease agreements with built-in rental escalations helps provide a relatively predictable distribution profile.

The REIT’s properties are generally located in high-traffic metropolitan and regional locations, supporting consistent tenant demand linked to fuel retail and convenience services.

Dexus Industria REIT (ASX:DXI)

Dexus Industria REIT focuses on industrial, logistics, and technology-related property assets across Australia. The trust is managed by Dexus, a large Australian property group with extensive experience in commercial property investment and management.

DXI offers a dividend yield of 6.68% with a 9% franking level, producing a gross yield of approximately 6.92%. Industrial property has experienced strong demand in recent years due to growth in e-commerce logistics, supply chain infrastructure, and warehouse space requirements.

The REIT’s portfolio includes warehouses, business parks, and technology campuses that support logistics, distribution, and commercial operations.

Ooh!Media Ltd (ASX:OML)

Ooh!Media Ltd operates one of Australia’s largest out-of-home advertising networks, delivering advertising placements across billboards, retail centres, airports, and other public venues.

The company currently offers a dividend yield of 6.61%, which is fully franked, resulting in a gross yield of approximately 9.45%. The advertising industry has been undergoing significant technological change, particularly with the shift from traditional billboards to digitally enabled advertising screens.

Digital displays allow multiple advertisements to rotate in a single location, enabling more flexible advertising campaigns and potentially higher utilisation of advertising space.

Smartgroup Corporation Ltd (ASX:SIQ)

Smartgroup Corporation Ltd provides salary packaging, novated leasing, and fleet management services to corporate and government sector employees across Australia.

The company offers a dividend yield of 6.61%, which is fully franked, delivering a gross yield of approximately 9.44%. Smartgroup manages hundreds of thousands of salary packaging accounts, generating recurring service fees from administration and vehicle lease arrangements.

Recent policy developments, including incentives supporting electric vehicle adoption through novated leasing, have contributed to increased demand for salary sacrifice vehicle programs.

Dalrymple Bay Infrastructure Ltd (ASX:DBI)

Dalrymple Bay Infrastructure Ltd owns and operates the Dalrymple Bay Terminal in Queensland, a major coal export terminal that handles shipments from the Bowen Basin mining region.

The company provides a dividend yield of 6.54% with a 22% franking level, resulting in a gross yield of approximately 7.17%. The terminal operates under a regulated infrastructure framework, with long-term contracts providing relatively predictable revenue streams.

Infrastructure assets such as export terminals often generate stable cash flows due to their essential role in global commodity supply chains.

Charter Hall Retail REIT (ASX:CQR)

Charter Hall Retail REIT invests in convenience-based retail properties, including neighbourhood shopping centres and supermarket-anchored retail centres.

CQR offers a dividend yield of 6.50%, distributed as unfranked trust income. The portfolio is largely anchored by major supermarket tenants, which provide relatively stable foot traffic and tenant demand.

Convenience retail centres that focus on essential goods and services have historically demonstrated greater resilience than discretionary retail properties.

Region Group (ASX:RGN)

Region Group is an Australian REIT that owns and manages neighbourhood and sub-regional shopping centres across the country.

The company currently provides a dividend yield of 6.50%, distributed as unfranked income, with a Dividend Reinvestment Plan (DRP) available to shareholders.

Many of the trust’s centres are anchored by major supermarket tenants, providing exposure to non-discretionary retail spending. These types of centres typically benefit from consistent customer visits linked to daily grocery and household shopping needs.

FAQs

  1. What is considered a high dividend yield on the ASX?
    Many investors consider yields above 5–6% to be relatively high, although sustainability depends on company earnings and payout policies.
  2. Why are REIT dividends often unfranked?
    REITs generally distribute income generated from property rental earnings, which are typically not subject to Australian corporate tax, resulting in unfranked distributions.
  3. Should investors rely only on dividend yield when selecting stocks?
    No. Investors typically also consider earnings stability, balance sheet strength, payout ratios, and sector outlook when evaluating dividend stocks.