Highlights

  • Seven ASX-listed companies currently offer dividend yields above 5%, spanning banking, property, energy, retail, and aviation sectors.
  • Bank of Queensland Ltd and Woodside Energy Group Ltd provide fully franked dividend yields with gross yields close to 8%.
  • Companies such as AGL Energy Ltd and Qantas Airways Ltd represent income opportunities tied to key sectors of the Australian economy.

Dividend-paying stocks remain an important component of many investor portfolios, particularly for those seeking regular income alongside potential capital stability. On the Australian Securities Exchange, several companies currently offer dividend yields above 5%, spanning sectors such as banking, property, energy, financial services, retail, and aviation.

Fully franked dividends can further enhance income outcomes for Australian shareholders, as franking credits allow investors to offset tax obligations. The following ASX-listed companies currently provide dividend yields above 5%, with varying franking levels and business models across different industries.

Dividend Overview

(as of 11 March 2026)

Bank of Queensland Ltd (ASX:BOQ)

Bank of Queensland Ltd is a regional Australian bank providing personal banking, business banking, and financial services through its BOQ, ME Bank, and Virgin Money Australia brands. The company has been transforming its business through digital investment and brand diversification to compete with larger banks.

BOQ currently offers a dividend yield of 5.56%, which is fully franked at 100%, resulting in a gross yield of approximately 7.94% for Australian shareholders.

The bank operates a multi-brand strategy targeting different customer segments. BOQ focuses on traditional regional banking customers, ME Bank serves industry superannuation fund members, while Virgin Money Australia targets younger, digitally oriented customers. This diversified brand approach expands the bank’s customer reach across multiple segments.

Stockland (ASX:SGP)

Stockland is one of Australia’s largest diversified property groups, with assets spanning residential communities, town centres, logistics parks, and workplace properties. The company is also a constituent of the ASX 50 index.

The company offers a dividend yield of 5.53%, distributed as unfranked trust income, resulting in a gross yield of 5.53%, and the stock provides a dividend reinvestment plan.

Stockland’s residential communities segment remains a major earnings contributor, with developments across Australia’s population growth corridors. Its logistics portfolio has benefited from rising demand for warehouse and distribution facilities driven by e-commerce activity, while the town centres portfolio generates recurring income from retail properties anchored by non-discretionary tenants.

Woodside Energy Group Ltd (ASX:WDS)

Woodside Energy Group Ltd is Australia’s largest independent oil and gas company, operating LNG, oil, and gas assets across Australia and international markets.

The company currently provides a dividend yield of 5.47%, fully franked at 100%, producing a gross yield of approximately 7.82%.

Woodside operates key assets including the Northwest Shelf and Pluto LNG projects in Western Australia, and expanded its global portfolio following the 2022 merger with BHP’s petroleum division. The company is one of the world’s largest LNG producers and has development projects such as Scarborough and Trion aimed at supporting long-term production growth.

AGL Energy Ltd (ASX:AGL)

AGL Energy Ltd is one of Australia’s largest integrated energy companies, operating across electricity generation, gas production, and energy retailing. The company serves around 4.5 million customer accounts.

AGL offers a dividend yield of 5.40%, fully franked at 100%, providing a gross yield of approximately 7.71%.

The company operates a diverse generation portfolio including coal, gas, wind, solar, and battery storage assets. AGL is progressing through a transition as it plans the progressive closure of coal-fired power stations while investing in renewable generation and energy storage.

Australian Finance Group Ltd (ASX:AFG)

Australian Finance Group Ltd is one of Australia’s largest mortgage broking aggregation and securitisation businesses, connecting borrowers with lenders through a national broker network.

The company currently offers a dividend yield of 5.30%, fully franked at 100%, resulting in a gross yield of approximately 7.57%.

AFG operates both as a broker aggregator, providing technology platforms and lender panels to mortgage brokers, and as a direct lender through its AFG Home Loans brand. Revenue is generated through trailing commissions, aggregation fees, and net interest income from its loan portfolio.

JB Hi-Fi Ltd (ASX:JBH)

JB Hi-Fi Ltd is Australia’s largest consumer electronics and home entertainment retailer, operating JB Hi-Fi stores, The Good Guys appliance chain, and JB Hi-Fi New Zealand.

The company offers a fully franked dividend yield of 5.30%, producing a gross yield of approximately 7.57%.

JB Hi-Fi’s market position is supported by strong supplier relationships, efficient inventory management, and a retail model integrating in-store and online shopping experiences. The acquisition of The Good Guys has expanded the group’s presence in the home appliance market.

Qantas Airways Ltd (ASX:QAN)

Qantas Airways Ltd is Australia’s largest airline and national carrier, operating domestic and international passenger services, the Jetstar low-cost brand, and a large freight and loyalty business.

The company currently provides a dividend yield of 5.28%, fully franked at 100%, resulting in a gross yield of approximately 7.55%.

The Qantas Frequent Flyer program is a significant contributor to earnings and is considered one of the largest airline loyalty programs globally. The airline has also been investing in fleet renewal and long-range aircraft to support new ultra-long-haul routes.

FAQs

  1. What is a fully franked dividend?
    A fully franked dividend includes tax credits representing company tax already paid, which Australian investors may use to offset personal tax obligations.
  2. Why do investors consider dividend stocks?
    Dividend stocks can provide regular income payments while maintaining exposure to equity markets.
  3. What sectors are represented in this list?
    The companies operate across banking, property, energy, financial services, retail, and aviation industries.