Highlights

  • Several ASX-listed companies currently offer dividend yields between 8% and 10% across sectors such as infrastructure, property, resources, and financial services.
  • Fully franked dividends from selected companies significantly lift gross yields for Australian taxpayers.
  • High-yield opportunities span consumer staples, toll road infrastructure, asset management, mining, and REITs.
  • Some companies deliver strong yields from capital-light business models or infrastructure-backed cash flows.

For income-oriented investors, dividend-paying stocks remain an important component of portfolio construction. While yields above 10% often draw the most attention, a number of ASX-listed companies offering yields between 8% and 10% also stand out for investors seeking steady income. These companies operate across industries including consumer food production, financial services, infrastructure, mining, and property.

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

Inghams Group Ltd (ASX:ING)

Inghams Group Ltd is Australia and New Zealand’s largest integrated poultry producer, operating across the entire poultry value chain from breeding and hatching to processing, distribution, and marketing of chicken and turkey products. The company supplies major supermarket chains, quick-service restaurants, and food service operators with both fresh and processed poultry products.

ING’s dividend yield of 9.64% is fully franked at 100%, pushing the gross yield to approximately 13.78% for eligible Australian investors. The poultry sector operates with tight margins and is exposed to fluctuations in feed grain prices, energy costs, and labour expenses. Despite these challenges, Inghams maintains a strong position in the Australian poultry market, supplying one of the most widely consumed proteins in the country.

McMillan Shakespeare Ltd (ASX:MMS)

McMillan Shakespeare Ltd is a leading Australian provider of salary packaging, novated leasing, and fleet management services. The company assists employees across public and private sectors in optimising take-home income through tax-effective salary packaging arrangements while also delivering fleet management and asset management solutions for corporate clients.

MMS offers a dividend yield of 9.63%, which is fully franked, delivering a gross yield of approximately 13.75%. The company benefits from a recurring revenue model, as salary packaging arrangements and novated leases typically involve ongoing administrative services throughout the life of each contract.

Digico Infrastructure REIT (ASX:DGT)

Digico Infrastructure REIT focuses on digital infrastructure assets, including data centres and telecommunications facilities that support the global digital economy. These properties provide the physical backbone for services such as cloud computing, artificial intelligence, and large-scale data storage.

DGT currently offers a dividend yield of 9.27% on the ASX. With 0% franking, distributions are paid as trust income. Digital infrastructure has emerged as a significant investment theme globally as data consumption continues to expand and enterprise computing increasingly shifts to cloud-based platforms.

Atlas Arteria (ASX:ALX)

Atlas Arteria is a toll road owner and operator listed on the ASX. Its primary asset is a significant stake in the APRR motorway network in France, one of the largest toll road concessions in Europe.

The company offers a dividend yield of 8.68%, reflecting the steady cash flow characteristics associated with transport infrastructure assets. As the majority of income is generated internationally, the dividend carries 0% franking. Toll road assets typically benefit from inflation-linked toll increases and stable traffic volumes.

GQG Partners Inc (ASX:GQG)

GQG Partners Inc is a global investment management firm headquartered in Fort Lauderdale, Florida. The company manages global equity strategies for institutional and wholesale clients across international markets.

GQG’s dividend yield of 8.58% reflects the capital-light nature of fund management businesses, where management fees and performance fees generate significant distributable earnings. Dividends are unfranked for Australian investors.

Magellan Financial Group Ltd (ASX:MFG)

Magellan Financial Group Ltd is one of Australia’s most recognised fund management companies, specialising in global equity and infrastructure investment strategies. The firm manages funds for both retail and institutional investors.

The company offers a dividend yield of 8.49%, which is fully franked, lifting the gross yield to approximately 12.12%. The fund management industry typically operates with high margins and relatively low capital requirements, allowing a significant portion of profits to be returned to shareholders.

Growthpoint Properties Australia (ASX:GOZ)

Growthpoint Properties Australia is a diversified Australian REIT that owns and manages a portfolio of industrial, office, and social infrastructure properties.

The trust currently offers a dividend yield of 8.45%, with 0% franking as distributions are paid as trust income. The REIT’s portfolio includes industrial and logistics properties, along with social infrastructure assets such as healthcare and education facilities.

Yancoal Australia Ltd (ASX:YAL)

Yancoal Australia Ltd is one of Australia’s largest coal producers, operating multiple open-cut and underground mines primarily in New South Wales and Queensland. The company exports coal to key Asian markets including Japan, South Korea, and China.

YAL offers a dividend yield of 8.28%, which is fully franked, resulting in a gross yield of approximately 11.83%. Large-scale mining operations and strong export demand have enabled the company to generate substantial cash flows and shareholder returns.

Abacus Group (ASX:ABG)

Abacus Group is an Australian real estate investment group focused on self-storage facilities and commercial property assets. The company has been repositioning its portfolio toward the self-storage sector, which benefits from urbanisation and growing consumer demand for storage solutions.

ABG offers a dividend yield of 8.19% and is 50% franked, resulting in a gross yield of approximately 9.94%. Self-storage assets typically generate stable and recurring rental income with relatively modest capital expenditure requirements.

FAQs

  1. What is a gross dividend yield?
    Gross yield includes the value of franking credits attached to dividends for Australian taxpayers.
  2. Why do some ASX dividends have 0% franking?
    Companies earning income overseas or structured as trusts often distribute income without Australian franking credits.
  3. Are REIT dividends different from company dividends?
    Yes. REIT distributions are typically paid as trust income rather than corporate dividends and therefore generally do not carry franking credits.