3 ASX dividend shares yielding around 9%

High-yield ASX dividend stocks can be very useful for investors who want passive income because these companies distribute regular dividends which can provide steady cash flow while still offering potential capital appreciation over time.

These 3 high-yield ASX dividend stocks stand out because each has a dividend yield above 9% supported by stable business models which will help to maintain reliable dividends over time.

3 high-yield ASX dividend stocks

McMillan Shakespeare Limited (ASX: MMS) 

Spark New Zealand Limited (ASX: SPK) 

IPH Limited (ASX: IPH) 

McMillan Shakespeare Limited (ASX: MMS) 

is right now one of the best high-yield ASX dividend stocks because the current annual yield is 9.71% and the company has distributed fully franked dividends twice a year for many years.

The company in 1HFY26 reported revenue of $297.4 million which is up 11.2% year-on-year and EBITDA of $84.7 million which shows steady earnings growth and margin improvement.

The current market capitalisation is $996.6 million and recent developments include a share buyback of up to $10 million while the company also invests in AI and automation to improve productivity.

The outlook for 2HFY26 remains positive because profit is expected to benefit from customer growth across all segments along with higher receivables and efficiencies from prior strategic investments.

Spark New Zealand Limited (ASX: SPK) 

is a great pick among high-yield ASX dividend stocks because the current annual yield is 9.82% and has distributed fully franked dividends on a semi-annual basis for a long time.

The company in H1 FY26 reported revenue of NZ$1,893 million which declined 1.2% from the prior comparable period but EBITDA increased 10.3%.

Recent developments include the sale of a 75% stake in the data centre business for about NZ$453 million which improves cash flow and free cash flow increased 84% to NZ$107 million and mobile service revenue grew 1.6%.

The company reaffirmed FY26 guidance where EBITDA is expected between NZ$1,010 million and NZ$1,070 million and free cash flow is expected between NZ$290 million and NZ$330 million which supports dividends and balance sheet stability.

IPH Limited (ASX: IPH) 

is a solid high-yield ASX dividend stock because the current annual yield is about 12% and the company has paid fully franked dividends twice a year for many years which makes it attractive for passive income investors.

The company in HY26 reported revenue of $363.9 million which was up 6.5% from the prior corresponding period while underlying EBITDA was $107.1 million and statutory NPAT was $41.2 million, up 10.5% which shows steady earnings growth.

The current market capitalisation is $836.74 million and segment results show strong growth in Canada and Asia while ANZ declined because of lower US PCT filings but group EBITDA still increased due to acquisition synergies and cost discipline.

Recent developments include an on-market share buyback and investment in technology and AI which will improve operational efficiency.

(Source: Company Reports)