ASX High Yield Dividend Stocks Passive Income Seekers Hunt For

For investors chasing high-yield passive income, these ASX dividend stocks stand out with their solid underlying fundamentals and upside potential that the market has not recognised yet.

Spark New Zealand Limited (ASX: SPK)

now has market capitalisation of $3.78 billion while 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 which included the sale of a 75% stake in its data centre business and Spark expects free cash flow of NZ$290 to NZ$330 million in FY26.

Spark has maintained its track record of paying unfranked dividends twice a year with the current annual dividend yield at 10.86% supported by guidance to distribute 100% of free cash flow in FY26.

A significant cost out program delivered NZ$85 million in savings in the second half of FY25 which highlights disciplined cost management across the business.

The company trades on a price/free cash flow ratio of 5.1 and its new five-year strategy refocuses on returning the business to stable and predictable free cash flows while growing dividends over time.

Yancoal Australia Limited (ASX: YAL)

has a market capitalisation of $7.12 billion and offers an attractive annual dividend yield of 10.8%.
The company delivered a solid September 2025 quarter as attributable saleable coal production reached 9.3 Mt while attributable coal sales increased to 10.7 Mt as volumes were recovered following weather-related disruptions in the prior quarter.

Yancoal operates mines across NSW, Queensland and WA and recorded an average realised coal price of $140 per tonne which reflected stable thermal coal pricing and only a modest decline in metallurgical coal prices.

The company ended the quarter with a strong cash balance of $1.8 billion and during the period increased its economic interest in the low cost Moolarben joint venture to 98.75% which is expected to lift future attributable production and revenue.

GQG Partners Inc. (ASX: GQG)

has a market capitalisation of $4.87 billion and continues to benefit from strong growth in funds under management, high operating margins and a capital-light business model.

The company offers an attractive current annual dividend yield of 9.82% as it distributes unfranked dividends on a quarterly basis while management has highlighted that most revenue comes from stable management fees rather than performance-linked fees.

Funds Under Management stood at US$163.9 billion as at 31 December 2025, up from US$153.0 billion at the start of 2025.

For the first half of FY25, GQG reported net revenue of US$403.0 million which represents 11% year-on-year growth while net operating income increased by 12.3% to US$306.8 million.

IPH Limited (ASX: IPH)

released an update which said that group revenue increased by 7% in 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.

The completion of major Canadian acquisitions in FY25 has created a clear market leading intellectual property platform in Canada which has also improved cross referral activity across the wider IPH network.

The company currently has a market capitalisation of $988.4 million and holds a strong competitive position in key secondary intellectual property markets.

IPH has continued to deliver solid shareholder returns supported by stable earnings and disciplined capital allocation while the current annual dividend yield stands at 9.66% and the company has also started embedding artificial intelligence across core operational areas such as patent drafting, prosecution workflows and administrative processes.

(Source: Company Reports)