3 High yield ASX dividend stocks back in focus

Dividend stocks are often preferred by investors looking for passive income along with stable returns. Recent dividend announcements from Tower Limited, Helia Group Limited and Pepper Money Limited highlight strong dividend yields and continued focus on returning capital to shareholders. 

High yield ASX dividend stocks

Tower Limited (ASX: TWR) 

Helia Group Limited (ASX: HLI) 

Pepper Money Limited (ASX: PPM) 

Tower Limited (ASX: TWR) 

has been on the radar of dividend investors mainly because of its high dividend yield and stable insurance business. The company operates in the general insurance segment where it earns income through insurance premiums which helps generate consistent cash flow for dividends. 

Tower delivered a solid performance in FY25 with gross written premium reaching around $600 million and underlying profit also improving during the year. After reporting strong results, it declared total dividends of 24.5 cents per share for FY25. At current prices the dividend yield is around 13-14% which is considered quite attractive for income investors. 

Over the last one year the stock has delivered a return of about 14.07% which is supported by both dividend income and share price movement.

Helia Group Limited (ASX: HLI) 

operates in the lenders’ mortgage insurance business and earns revenue by providing mortgage insurance to lenders. 

Helia released its FY25 results on 25 February 2026. The statutory net profit after tax is of $244.9 million and underlying net profit after tax is of $247.0 million. HLI announced final regular dividend of 16 cents per share along with special dividend of 67 cents per share. This shows that HLI is returning excess capital to shareholders while maintaining the healthy payout ratio. 

Helia currently offers dividend yield of around 7% with payout ratio of approximately 71%. Over the past year the stock has delivered return of around 31.83% which is driven by both dividends and share price growth.

Pepper Money Limited (ASX: PPM) 

is another ASX dividend stock that investors track for both dividend income and business growth in lending and asset finance. 

The company has been expanding its loan book and assets under management which supports its earnings growth. Pepper Money reported statutory net profit after tax of around $104.6 million for CY2025. Loan originations reached $10.3 billion while assets under management increased to $21.8 billion which indicates the strong growth in business. 

PPM announced fully franked dividend of 7.8 cent per share and total dividend for the year came to 26.7 cents per share. Pepper Money currently offers dividend yield of around 19-20% with payout ratio close to 100% which means most of the earnings are being distributed as dividends. 

Over the last one year the stock has delivered return of around 24.82% which is supported by dividends and share price performance.

(Source: Company Announcements)