Highlights

  • Six ASX-listed companies across insurance, energy, healthcare, property, and digital gaming currently offer dividend yields around or above 5%.
  • Jumbo Interactive Ltd and Origin Energy Ltd provide fully franked dividend yields, with gross yields reaching 7.40% and 7.35% respectively.
  • Property trusts including BWP Trust and Scentre Group distribute unfranked trust income, each offering dividend yields of approximately 5.01%.
  • Companies such as QBE Insurance Group Ltd and Sonic Healthcare Ltd provide exposure to global industries including insurance and medical diagnostics.

Dividend-paying companies continue to attract investor attention, particularly among those seeking consistent income alongside exposure to a range of industries. On the Australian Securities Exchange, several companies currently provide dividend yields around or above the 5% level, spanning sectors including insurance, energy, healthcare, property, and digital gaming technology.

Franking levels can vary across companies, influencing the effective income received by Australian shareholders. Some companies distribute fully franked dividends, while others, particularly property trusts, distribute income without franking credits. The following ASX-listed companies currently offer dividend yields near or above 5%, with differing business models and sector exposures.

Dividend Overview

QBE Insurance Group Ltd (ASX:QBE)

QBE Insurance Group Ltd is one of the world’s largest general insurance and reinsurance companies, operating across 27 countries in Asia-Pacific, Europe, and North America. The company provides a wide range of commercial and personal insurance products supported by its global underwriting capabilities.

The company currently offers a dividend yield of 5.23%, with a 29% franking rate, producing a gross yield of approximately 5.87%.

QBE’s global diversification provides exposure to multiple insurance markets and reduces reliance on any single geography or product line. The company has benefited from a hardening premium rate cycle, which has supported underwriting profitability across several business segments. Its investment portfolio also contributes additional income from premiums held before claims are paid.

Jumbo Interactive Ltd (ASX:JIN)

Jumbo Interactive Ltd operates OzLotteries.com, one of Australia’s leading online lottery ticket reselling platforms, and provides lottery technology solutions to operators globally through its software-as-a-service platform.

The company offers a dividend yield of 5.18%, which is fully franked at 100%, resulting in a gross yield of approximately 7.40%.

Jumbo’s Australian digital lottery reselling business benefits from the ongoing shift in consumer behaviour toward online lottery ticket purchases rather than traditional retail outlets. In addition to this domestic business, the company’s SaaS division provides technology solutions to charitable and government lottery operators internationally.

Origin Energy Ltd (ASX:ORG)

Origin Energy Ltd is one of Australia’s largest integrated energy companies with operations spanning electricity generation, natural gas production, LNG exports, and retail energy services.

The company currently offers a fully franked dividend yield of 5.15%, producing a gross yield of approximately 7.35%.

Origin holds a significant interest in Australia Pacific LNG (APLNG), a major LNG export project in Queensland that generates substantial cash flows through long-term export contracts. The company also serves approximately 4.4 million customer accounts through its retail electricity and gas business across eastern Australia.

Origin has also been investing in the energy transition, including renewable energy generation, battery storage, and hydrogen initiatives.

Sonic Healthcare Ltd (ASX:SHL)

Sonic Healthcare Ltd is one of the world’s largest medical diagnostics companies, operating pathology and radiology laboratories across Australia, the United States, Germany, the United Kingdom, Switzerland, Belgium, and other international markets.

The company currently provides a dividend yield of 5.02%, with a 45% franking rate, resulting in a gross yield of approximately 6.00%.

Sonic’s diagnostic network processes hundreds of millions of medical tests annually for hospitals, doctors, and patients. The company operates through a decentralised structure that allows acquired laboratories to maintain their local brands while benefiting from group-wide technology and operational support.

BWP Trust (ASX:BWP)

BWP Trust is an Australian real estate investment trust that owns large-format retail properties, primarily warehouse-style stores leased to Bunnings, the hardware and home improvement retailer owned by Wesfarmers.

The trust provides a dividend yield of 5.01%, distributed as unfranked trust income, resulting in a gross yield of 5.01%.

BWP’s property portfolio is closely associated with Bunnings stores, creating a property income structure backed by a major Australian retail brand. The lease arrangements typically follow triple net lease structures, meaning the tenant is responsible for most property operating expenses.

Scentre Group (ASX:SCG)

Scentre Group owns and operates Westfield-branded shopping centres across Australia and New Zealand, managing a portfolio of 42 living centres.

The company currently provides a dividend yield of 5.01%, distributed as unfranked trust income, with a gross yield of 5.01%.

Scentre Group’s Westfield centres attract over 500 million customer visits annually, hosting a mix of retail, dining, entertainment, and service tenants. The company has been investing in transforming its shopping centres into mixed-use destinations incorporating dining, entertainment, healthcare, and other services to increase customer engagement.

FAQs

  1. What does dividend yield represent?
    Dividend yield indicates the annual dividend payment relative to a company’s current share price.
  2. What is the difference between yield and gross yield?
    Gross yield includes the value of franking credits attached to dividends, which can benefit Australian taxpayers.
  3. Why do REIT dividends often have no franking credits?
    Many real estate investment trusts distribute income generated from property assets, which is typically passed through to investors without franking credits.