Highlights

  • A number of ASX-listed companies across royalties, banking, infrastructure, energy, mining, and financial services currently provide dividend yields above 6%.
  • Several stocks in this group offer fully franked dividends, lifting gross yields close to 9% for eligible Australian shareholders.
  • Infrastructure and energy companies often generate stable cash flows from long-term assets and contracts, supporting regular distributions.
  • Some companies offer Dividend Reinvestment Plans (DRPs), allowing investors to reinvest dividends into additional shares.

Dividend-paying companies remain an important part of the Australian equity market, particularly for investors seeking regular income. A range of ASX-listed businesses across resources, financial services, infrastructure, banking, and industrial sectors currently offer dividend yields above 6%.

Many of these companies benefit from established asset bases, commodity exposure, or recurring revenue streams, which can support consistent dividend distributions. While dividend yields can fluctuate depending on share price movements and earnings cycles, these companies illustrate the diversity of income opportunities available on the Australian market.

Below is a snapshot of selected ASX-listed companies currently offering dividend yields above 6%.

Deterra Royalties Ltd (ASX:DRR)

Deterra Royalties Ltd is a mining royalty company that derives most of its revenue from royalties linked to iron ore production in Western Australia’s Pilbara region. The company was created following a demerger from Iluka Resources, giving investors exposure to a pure-play royalty business model.

DRR currently offers a dividend yield of 6.37%, which is fully franked, delivering a gross yield of approximately 9.11% for eligible Australian shareholders. Royalty companies typically generate income based on production volumes and commodity prices, without directly funding mining operations or capital expenditure.

This asset-light model can provide exposure to commodity production while reducing operational risks associated with mining activities.

BSP Financial Group Ltd (ASX:BFL)

BSP Financial Group Ltd is a banking and financial services provider operating across Papua New Guinea and several Pacific Island nations. The company offers retail banking, commercial lending, insurance, and fund management services across the region.

BFL provides a dividend yield of 6.35%, distributed as unfranked dividends due to its international operations. The Pacific region continues to experience increasing financial inclusion and banking penetration, creating long-term opportunities for financial services growth.

The bank maintains a strong market presence in Papua New Guinea, where the financial services sector has relatively limited competition compared with developed markets.

Lendlease Group (ASX:LLC)

Lendlease Group is an international property development and infrastructure company with operations across Australia, Asia, Europe, and the Americas. The company is known for large-scale urban regeneration and residential development projects.

LLC currently offers a dividend yield of 6.35% with a 45% franking level, producing a gross yield of approximately 7.56%. The company has been undergoing a strategic transformation aimed at focusing more heavily on urban development and investment management activities.

Lendlease continues to manage a global pipeline of large property developments across multiple international markets.

APA Group (ASX:APA)

APA Group is Australia’s largest natural gas infrastructure business, operating a network of gas transmission pipelines, gas storage facilities, and energy infrastructure assets across the country.

The company provides a dividend yield of 6.30%, with a 22% franking level, resulting in a gross yield of approximately 6.90%. APA’s pipeline network plays a key role in transporting natural gas from supply basins to industrial users and population centres.

Infrastructure assets such as pipelines typically operate under long-term contractual arrangements, supporting relatively predictable revenue streams.

Beach Energy Ltd (ASX:BPT)

Beach Energy Ltd is an Australian oil and gas exploration and production company with operations across several basins in Australia and New Zealand. The company produces a mix of natural gas, oil, and condensate.

BPT offers a dividend yield of 6.29%, which is fully franked, delivering a gross yield of approximately 8.98%. The company’s portfolio includes assets across the Cooper Basin, Otway Basin, Perth Basin, and offshore New Zealand operations.

Natural gas production remains an important component of Australia’s domestic energy supply, supporting demand for gas producers.

Bendigo and Adelaide Bank Ltd (ASX:BEN)

Bendigo and Adelaide Bank Ltd is one of Australia’s larger regional banks, providing retail banking, lending, wealth management, and financial services to customers across the country.

BEN currently provides a dividend yield of 6.27%, which is fully franked, delivering a gross yield of approximately 8.96%. The bank is known for its community banking model, where local communities partner with the bank to operate branches.

This approach has helped the bank build strong customer relationships, particularly in regional and suburban markets.

Fortescue Ltd (ASX:FMG)

Fortescue Ltd is one of the world’s largest iron ore producers, operating major mining and export operations in Western Australia’s Pilbara region.

The company currently offers a dividend yield of 6.15%, which is fully franked, producing a gross yield of approximately 8.79%. Fortescue has developed a reputation as a low-cost iron ore producer, generating strong cash flows from its mining operations.

The company has also been investing in renewable energy and green hydrogen initiatives through its energy division.

Credit Corp Group Ltd (ASX:CCP)

Credit Corp Group Ltd operates in the consumer debt purchasing and recovery industry, acquiring portfolios of overdue debts from financial institutions and working to recover outstanding balances.

CCP offers a dividend yield of 6.08%, which is fully franked, delivering a gross yield of approximately 8.68%. The company operates across Australia, New Zealand, and the United States, providing exposure to a specialised financial services niche.

Debt purchasing businesses often rely on sophisticated analytics and collection strategies to maximise recovery outcomes.

Amotiv Ltd (ASX:AOV)

Amotiv Ltd, formerly known as GUD Holdings, is a diversified industrial company focused on automotive aftermarket products and water management solutions.

The company currently offers a dividend yield of 6.00%, which is fully franked, resulting in a gross yield of approximately 8.57%. Amotiv’s automotive division supplies products including filtration systems, lighting, suspension components, and towing equipment.

The automotive aftermarket sector benefits from the large installed base of vehicles requiring maintenance and replacement parts, supporting long-term demand for related products.

FAQs

  1. What sectors commonly offer higher dividend yields on the ASX?
    Sectors such as resources, infrastructure, banks, and REITs often provide higher dividend yields due to stable cash flows or commodity-linked earnings.
  2. Why are some dividends only partially franked?
    Companies with significant international earnings or trust structures may distribute dividends with partial or no franking credits.
  3. Are high dividend yields always sustainable?
    Not necessarily. Dividend sustainability depends on earnings strength, payout ratios, balance sheet health, and sector conditions.