ASX Coal Mining Stocks for High Dividend Yields
The following ASX coal stocks stand out for their high dividend yields and robust balance sheets which help to continue distributions even during periods of market volatility.
Yancoal Australia Limited (ASX: YAL)
delivered a solid September 2025 quarter as attributable saleable coal production reached 9.3 Mt while attributable coal sales rose to 10.7 Mt as the company recovered volumes that were delayed by weather-related shipping disruptions in the prior quarter.
The average realised coal price was $140 per tonne which reflected stable thermal coal pricing and only a modest decline in metallurgical coal prices.
Yancoal ended the quarter with a strong cash balance of $1.8 billion which supports dividends, capital expenditure and balance sheet strength.
During the quarter, the company increased its economic interest in the low-cost Moolarben joint venture to 98.75% which is expected to lift future attributable production and revenue.
The company currently has a market capitalisation of $7.04 billion and offers an attractive annual dividend yield of 10.92% which is supported by strong free cash flow generation.
Operational guidance for FY25 is unchanged with production tracking towards the upper half of the guided range while the company is well positioned to benefit from any recovery in coal prices.
New Hope Corporation Limited (ASX: NHC)
delivered a solid start to FY26 as operating conditions improved, coal sales increased and disciplined cost control was maintained across the portfolio.
Saleable coal production rose to 2.7 Mt for the September 2025 quarter while coal sales increased by 11.6% quarter-on-quarter as logistics performance improved.
The average realised coal price increased to $136.6 per tonne which supported underlying EBITDA of $107.9 million, up 15.5% from the previous quarter.
The Bengalla Mine was a key contributor as saleable production increased by 23.7% and New Hope finished the quarter with a strong available cash balance of $544.3 million after paying its FY25 final fully franked dividend of 15.0 cents per share.
The company currently has a market capitalisation of $3.53 billion and offers an annual dividend yield of 8.11% supported by strong cash generation and a track record of paying fully franked dividends on a semi-annual basis for more than a decade.
FY26 guidance of 10.2 to 11.5 Mt of saleable coal production positions New Hope to sustain shareholder returns and benefit from any stabilisation or recovery in coal prices.
(Source: Company Reports)
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