Highlights

  • Several ASX-listed companies currently offer dividend yields between 7% and 8% across sectors including agribusiness, property, materials, financial services, and automotive manufacturing.
  • Fully franked dividends from selected companies lift gross yields above 10% for Australian resident shareholders.
  • Opportunities span commodity-linked businesses, property trusts, asset managers, and consumer finance companies.
  • Some companies offer Dividend Reinvestment Plans (DRP) that allow investors to reinvest distributions into additional shares.

Dividend-paying shares continue to play an important role for investors seeking regular income from the Australian equity market. While extremely high yields can sometimes reflect market volatility, a number of ASX-listed companies offer yields above 7% supported by established operations across sectors such as agriculture, property, steel manufacturing, financial services, and residential development.

Below is a snapshot of selected ASX-listed companies currently offering notable dividend yields.

GrainCorp Ltd (ASX:GNC)

GrainCorp Ltd is a major Australian agribusiness operating across the grain supply chain, including grain receival, storage, logistics, marketing, and export operations. The company manages one of the largest grain storage and handling networks on Australia’s east coast and also operates oilseed crushing and refining facilities.

GNC currently offers a dividend yield of 7.86%, which is fully franked, resulting in a gross yield of approximately 11.23% for Australian resident shareholders. GrainCorp’s financial performance is closely tied to the size and quality of the east coast grain harvest, which can vary significantly depending on seasonal weather conditions.

Cromwell Property Group (ASX:CMW)

Cromwell Property Group is an Australian real estate investor and fund manager with a portfolio of property assets and funds management operations spanning Australia and Europe.

The company offers a dividend yield of 7.59%, distributed as unfranked trust income. Cromwell’s investment model combines direct property ownership with a funds management platform that manages real estate assets for institutional investors. The company’s property exposure includes office and retail assets across Australian capital cities as well as a growing European property platform.

BlueScope Steel Ltd (ASX:BSL)

BlueScope Steel Ltd is Australia’s largest steel manufacturer and a global producer of premium coated and painted steel products, including well-known brands such as Colorbond and Lysaght.

BSL currently provides a dividend yield of 7.48%, with a franking level of 8%, reflecting the company’s significant offshore earnings. BlueScope operates steelmaking facilities across Australia, New Zealand, and the United States, including the North Star facility in Ohio, which has been a key contributor to earnings.

Regal Partners Ltd (ASX:RPL)

Regal Partners Ltd is an Australian alternative investment manager offering hedge fund, private credit, and real asset investment strategies to institutional and wholesale investors.

The company’s dividend yield of 7.43% is fully franked, delivering a gross yield of approximately 10.62%. Regal Partners was formed through the merger of Regal Funds Management and VGI Partners, creating one of Australia’s larger alternative asset management platforms with exposure to multiple investment strategies.

ARB Corporation Ltd (ASX:ARB)

ARB Corporation Ltd is a leading Australian manufacturer and distributor of four-wheel drive vehicle accessories and equipment for light commercial vehicles. The company designs and manufactures products such as bull bars, suspension systems, roof racks, and vehicle canopies.

ARB offers a dividend yield of 7.40%, which is fully franked, producing a gross yield of approximately 10.57%. The company has built a strong brand among off-road vehicle enthusiasts and operates an extensive distribution network across Australia and international markets.

Latitude Group Holdings Ltd (ASX:LFS)

Latitude Group Holdings Ltd is an Australian consumer finance provider offering personal loans, credit cards, and buy-now-pay-later services across Australia and New Zealand.

The company currently provides a dividend yield of 7.37%, with dividends unfranked for Australian investors. Latitude partners with major retailers to offer point-of-sale finance and provides a range of lending products through its consumer finance platform.

Peet Ltd (ASX:PPC)

Peet Ltd is a major Australian residential land developer with projects across Western Australia, Victoria, Queensland, and South Australia. The company develops master-planned residential communities and also operates a funds management platform that manages third-party investment capital in development projects.

PPC offers a dividend yield of 7.33%, which is fully franked, delivering a gross yield of approximately 10.47%. The company’s development activities are supported by a large land bank and ongoing demand for residential housing across key Australian markets.

FAQs

  1. What does a fully franked dividend mean?
    A fully franked dividend means the company has already paid Australian corporate tax on the profit being distributed, allowing eligible shareholders to receive franking credits.
  2. Why do some companies have low or zero franking levels?
    Companies earning significant income overseas or structured as trusts may distribute earnings without Australian franking credits.
  3. What is a Dividend Reinvestment Plan (DRP)?
    A DRP allows investors to automatically reinvest dividends into additional shares instead of receiving the payment in cash.