ASX Dividend Stocks for Passive Income Seekers

For investors who are looking for high-yield passive income, these ASX dividend stocks are offering attractive yields supported by strong fundamentals and helped by the fact that market is currently underestimating their growth potential.

ASX Dividend Stocks for Passive Income

McMillan Shakespeare Limited (ASX: MMS)

Spark New Zealand Limited (ASX: SPK)

IPH Limited (ASX: IPH)

Helia Group Limited (ASX: HLI)

McMillan Shakespeare Limited (ASX: MMS)

McMillan Shakespeare Limited has one of the strongest dividend track records on the ASX as the company pays fully franked dividends twice a year and currently offers an attractive annual yield of 8.47%.

MMS operates across salary packaging, novated leasing, disability plan management, asset management and related financial products and services which provides diversification across multiple income streams while current market capitalisation is $1.22 billion.

The company delivered a solid FY25 result as normalised underlying net profit after tax and amortisation reached $103.2 million while revenue from continuing operations increased 3% to $541.6 million.

The board declared a payout ratio of 100% of normalised earnings for FY25 and the company continues to maintain a conservative balance sheet with net debt to EBITDA of 0.5 times along with net cash of $53.2 million.

Spark New Zealand Limited (ASX: SPK)

Spark New Zealand Limited is the largest telecommunications company in New Zealand with a market capitalisation of $3.73 billion and FY25 revenue stood at NZ$3.7 billion and free cash flow was NZ$330 million.

The company executed a broad transformation strategy through the divestment of non-core assets including the sale of a 75% stake in its data centre business which has reduced leverage while still retaining long-term upside.

Spark has maintained its track record of paying unfranked dividends twice a year with the current annual dividend yield at 11% supported by guidance to distribute 100% of free cash flow in FY26.

The company currently trades on a P/E ratio of 14.52 and its new five-year strategy prioritises further cost efficiencies, improvements in customer experience and continued investment in network quality.

IPH Limited (ASX: IPH)

IPH Limited announced that group revenue increased by 7% during the first four months of FY26 compared to the same period in FY24 to $241.7 million while underlying EBITDA rose by 13% to $72.4 million which was driven by cost reductions, acquisition synergies and improved operating performance in Canada and Asia.

The group has maintained a strong competitive position in key secondary intellectual property markets by combining well established local brands with the scale benefits of its global platform and currently has a market capitalisation of $980.5 million.

IPH has continued to deliver solid shareholder returns supported by steady earnings and disciplined capital allocation while the stock is trading at a P/E ratio of 14.59.

In FY25, the company paid $0.365 per share in partially franked dividends which increased from $0.35 per share in FY24 and current annual dividend yield is 9.73%.

Helia Group Limited (ASX: HLI)

Helia Group Limited is an Australia-based lenders mortgage insurance provider which protects lenders if a homeowner defaults on a home loan and the outstanding balance cannot be recovered from the sale of the secured property which allows lenders to transfer risk and manage capital more efficiently.

The company delivered a strong performance in 1H25 with statutory NPAT of $133.7 million while insurance revenue for the half reached $182.2 million and gross written premium increased by 28% compared to last year.

Helia paid dividends of $1.12 per share in FY25 which translates into a current annual dividend yield of 20.9% while the company's market capitalisation is $1.46 billion.

For the full year, management expects insurance revenue to be in the range of $350 million to $390 million with total incurred claims to be well below historical averages.

(Source: Company Announcements)