Dividend Opportunities on the ASX: 10 Stocks With Yields Above 10%

Aditi Sarkar

11 March 2026 05:50 PM AEDT

NEC

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Dividend Opportunities on the ASX: 10 Stocks With Yields Above 10%

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Highlights

Several ASX-listed companies currently display dividend yields above 10% across diverse sectors.
Franking levels vary widely, ranging from fully franked dividends to companies offering no franking credits.
High-yield stocks span industries including media, financial services, insurance, fintech, telecommunications, and property.
Some companies offer Dividend Reinvestment Plans (DRP), enabling shareholders to reinvest dividends into additional shares.

For income-focused market players, dividend-paying shares can offer a compelling way to generate regular cash flow while maintaining exposure to equity markets. On the Australian Securities Exchange (ASX), several companies currently display unusually high dividend yields across sectors such as media, financial services, insurance, telecommunications, property, and energy. While these yields can appear attractive, understanding the companies behind them and their distribution structures remains essential for investors assessing income opportunities.

Below is a snapshot of selected ASX-listed companies with notable dividend yields, including their price, franking level, gross yield, and dividend reinvestment plan (DRP) availability.

Nine Entertainment Co Holdings Ltd (ASX:NEC)

Nine Entertainment Co Holdings Ltd is one of Australia’s largest media conglomerates, operating across free-to-air television, digital publishing, streaming, and radio. The company owns the Nine Network and Stan, its subscription video-on-demand platform, while also controlling digital media assets including Domain Holdings, nine.com.au, and publishing brands previously under the Fairfax Media banner.

The company’s dividend yield of 63.89% stands out significantly among ASX-listed stocks. NEC also offers a 92% franking level, which may provide tax benefits for Australian resident shareholders. The media industry continues to face structural changes as advertising spending shifts toward digital platforms and audiences migrate from traditional broadcasting. Within this landscape, Nine’s live sports broadcasting rights and digital transformation initiatives remain central to its strategy.

Helia Group Ltd (ASX:HLI)

Helia Group Ltd is Australia’s leading provider of lenders mortgage insurance (LMI), offering protection to residential mortgage lenders against borrower default. Formerly known as Genworth Mortgage Insurance Australia, the company rebranded to Helia in 2023 to reflect its evolving strategy and independent identity.

LMI plays a critical role in the Australian housing finance system, allowing borrowers with smaller deposits to access home loans while protecting lenders from potential losses. Helia currently offers a dividend yield of 42.95% on the ASX, supported by an 82% franking level. The company has historically returned capital to shareholders through both dividends and share buyback programs while maintaining a strong position in the mortgage insurance sector.

Liberty Financial Group (ASX:LFG)

Liberty Financial Group is a diversified financial services provider specialising in residential and commercial lending, motor vehicle finance, and investment management across Australia and New Zealand. Established in 1997, Liberty has positioned itself as an alternative lender serving customers who may not meet the lending criteria of major banks.

The company’s dividend yield of 16.27% places it among the higher-yielding financial stocks on the ASX. With a 26% franking rate, the gross yield rises to 18.09%. Liberty’s lending portfolio spans prime and near-prime home loans, secured motor vehicle finance, SMSF lending, and commercial real estate loans, providing diversification across multiple credit segments.

Tower Ltd (ASX:TWR)

Tower Ltd is a New Zealand-based general insurance provider offering home, contents, vehicle, travel, and business insurance products across New Zealand and the Pacific Islands. The company is listed on both the ASX and NZX.

Tower currently offers a dividend yield of 14.17% on the ASX. As a New Zealand-domiciled company, the dividend carries 0% franking for Australian tax purposes. Tower has undertaken technology upgrades and operational streamlining to enhance customer experience and operational efficiency, including investments in digital claims processing and data analytics.

Bravura Solutions Ltd (ASX:BVS)

Bravura Solutions Ltd is a financial technology company providing software solutions to wealth management, life insurance, and funds administration industries globally. Headquartered in Sydney, the company serves financial institutions across Australia, New Zealand, the United Kingdom, and South Africa.

The company offers a dividend yield of 12.21% on the ASX, with 0% franking. Bravura’s core platforms include Sonata for wealth management and Alta for transfer agency and fund administration. The company operates within a specialised segment of financial services technology where long contracts and high switching costs provide a degree of revenue visibility.

Spark New Zealand Ltd (ASX:SPK)

Spark New Zealand Ltd is the country’s largest telecommunications company, providing mobile, broadband, cloud computing, and digital services to consumer and business customers. The company is dual-listed on both the ASX and NZX.

Spark currently offers a dividend yield of 11.62% on the ASX. As a New Zealand company, its dividends carry 0% franking for Australian investors. Spark provides a Dividend Reinvestment Plan (DRP) that allows shareholders to reinvest distributions into additional shares.

Pepper Money Ltd (ASX:PPM)

Pepper Money Ltd is a non-bank lender specialising in home loans, asset finance, and personal lending across Australia and New Zealand. The company focuses on specialist borrowers, including self-employed individuals and customers with non-standard income verification.

PPM offers a dividend yield of 11.43%, and the dividend is 100% franked, lifting the gross yield to 16.33%. Pepper Money utilises a technology-driven loan origination platform designed to streamline loan processing and improve turnaround times.

IPH Ltd (ASX:IPH)

IPH Ltd is the Asia-Pacific region’s largest intellectual property services group, providing patent and trademark attorney services across Australia, New Zealand, Singapore, Malaysia, Indonesia, Thailand, and other regional markets.

The company offers a dividend yield of 11.39% on the ASX with a 25% franking level, resulting in a gross yield of approximately 12.61%. IPH operates through brands including Spruson & Ferguson, Griffith Hack, and AJ Park, serving corporate clients, research institutions, and innovators seeking intellectual property protection.

Genesis Energy Ltd (ASX:GNE)

Genesis Energy Ltd is one of New Zealand’s major energy companies, involved in electricity generation, natural gas production, and energy retailing. The company operates a diversified generation portfolio including hydro, thermal, and wind assets.

Genesis currently offers a dividend yield of 10.36% on the ASX with 0% franking for Australian investors. The company serves around 500,000 customer connections through its retail brands across New Zealand.

Centuria Office REIT (ASX:COF)

Centuria Office REIT is an Australian real estate investment trust focused on office properties across major metropolitan markets. The REIT manages a diversified portfolio of commercial office buildings located in CBD and metropolitan areas with long-term tenant leases.

COF offers a dividend yield of 10.00% on the ASX. Distributions are paid as trust income and carry 0% franking. The trust also offers a Dividend Reinvestment Plan (DRP) for investors wishing to reinvest their distributions into additional units.

FAQs

What is dividend yield?
Dividend yield represents the annual dividend paid by a company relative to its current share price.
What does franking mean for ASX dividends?
Franking indicates that corporate tax has already been paid on the dividend, potentially providing tax credits for Australian investors.
What is a Dividend Reinvestment Plan (DRP)?
A DRP allows shareholders to automatically reinvest dividends into additional shares instead of receiving the payment in cash.

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