ASX high yield dividend stocks to include in your portfolio for additional income stream

For investors, seeking passive income, these ASX stocks offer some of the highest yields while maintaining strong fundamentals.

ASX high yield dividend stocks

Pepper Money Limited (ASX: PPM) 

McMillan Shakespeare Limited (ASX: MMS)

IPH Limited (ASX: IPH) 

G8 Education Limited (ASX: GEM) 

Pepper Money Limited (ASX: PPM) 

is a non-bank lender which offers mortgages, asset finance and loan servicing solutions across Australia and New Zealand. 
The company recently made an announcement that a consortium which includes Pepper and KKR will buy the RAMS home loan portfolio where pepper will hold legal title to the loans.
The company paid out fully franked dividends of $0.189 per share in FY25 which translates to a current annual dividend yield of 10.79%.

Assets under management reached $20.1 billion and the company made $47 million net profit after tax in first half of FY25 while also retiring $27.5 million of corporate debt in February 2025.

McMillan Shakespeare Limited (ASX: MMS)

is a diversified services provider and has a legacy of reliable dividends. 
The company in FY25 recorded revenue of $541.6 million which is a 3% growth from last year and Normalised UNPATA was $103.2 million.

MyMaxxia app now holds a 4.5 star rating and the balance sheet is strong with low leverage.
MMS maintained a 100% payout ratio for FY25 as it paid out fully franked dividends of $1.48 per share which translates to a current annual yield of around 8.77%.

MMS expects the current momentum to continue which will likely be supported by easing interest rates, higher EV novated leasing and solid demand across disability support services.

IPH Limited (ASX: IPH) 

is an intellectual property services group which provides patent filings, trademarks and legal services across Australia, New Zealand, Asia and Canada.
For FY25, revenue grew to $710.3 million, up 16%, with underlying EBITDA rising 6% to $207.2 million while statutory net profit after tax grew by 13% to $68.8 million
The balance sheet is sound and total FY25 dividends of 36.5 cents per share represent an annual yield of around 10.22% at current price.
Management expects FY26 to benefit from AI-enabled workflow automation and further growth across Asian markets.

G8 Education Limited (ASX: GEM) 

is one of Australia’s largest early childhood education providers and the company continues to focus on education quality while navigating a softer market due to cost-of-living pressures.
For the first half of FY25, the company reported revenue of $464.7 million which was slightly lower compared to last year while reported NPAT increased to $22.5 million which grew by 12.4% year-on-year.

The balance sheet is sound with $102.2 million in net debt and a gearing ratio of 10% which shows their conservative approach to leverage.
G8 Education paid out a fully franked dividends of 5.5 cents per share in FY25 which reflects a current annual yield of 7.75%.

With potential tailwinds such as expected rate cuts and rising female workforce participation, the company looks set to create value for its shareholders.

(Source: Company Announcements)