Best ASX dividend stocks to buy right now

The following ASX dividend stocks are solid picks right now because they offer impressive yields backed by high-quality earnings that can support consistent long-term dividend payments.

McMillan Shakespeare Limited (ASX: MMS)

McMillan Shakespeare Limited is an attractive ASX dividend stock to buy right now because the company has resilient recurring cash flows with high returns on capital and a fully franked dividend yield of 7.5%.
The company in 1HFY26 reported solid financial performance as revenue rose 11.2% to $297.4 million while operating income increased 4.4% to $210.1 million and EBITDA grew 4.8% to $84.7 million compared to the prior corresponding period.

Underlying NPATA also moved up 1.4% to $50.3 million while operating margins improved to 40.3% and ROCE was exceptionally strong at 62.8% which highlights the quality and efficiency of the business model.

Management also announced an on-market share buyback of up to $10 million together with a fully franked interim dividend of 62 cents per share which reflects confidence in long-term cash generation and balance sheet strength.

MMS also maintains a very strong and flexible balance sheet because net debt/EBITDA stands at only 0.4x while net cash excluding fleet and Onboard Finance debt is $33.4 million which provides flexibility for future growth investments and shareholder returns.

The current market capitalisation is $1.29 billion and McMillan Shakespeare is well positioned to generate stable income and long-term shareholder value over time.

IPH Limited (ASX: IPH) 

IPH Limited is a very good ASX dividend stock to buy right now because the company has a high annual dividend yield of 10.12% supported by stable earnings.
The company in HY26 reported solid financial results as revenue rose 6.5% to $363.9 million while underlying EBITDA increased 6.6% to $107.1 million.

Recent performance in Canada and Asia was especially positive because Canada recorded 18.9% like for like EBITDA growth which came from acquisition synergies and organic growth.
Asian filings excluding Singapore increased 7.3% and the business also saw strong momentum across Hong Kong and several emerging markets.

Management has also improved the company’s competitive position through AI integration and focusing on better operational efficiencies across its network of 26 IP jurisdictions.
The current market capitalisation is $978.3 million while a strong balance sheet with leverage at only 1.8x and improving earnings momentum place IPH in a solid position to generate attractive long-term shareholder returns.

Spark New Zealand Limited (ASX: SPK) 

Spark New Zealand Limited is one of the best high-yield ASX dividend stocks to buy because the company is showing clear operational stability alongside better profitability.
The stock also offers a very high annual unfranked dividend yield of 10.48% and market capitalisation is $3.06 billion.

The company in H1 FY26 reported adjusted EBITDAI growth of 5.1% to NZ$471 million while adjusted NPAT jumped 30.4% to NZ$73 million and reported NPAT increased 82.9% to NZ$64 million.

Total revenue during the period declined slightly by 1.1% to NZ$1.917 billion compared to the prior corresponding period although several key operating segments showed improvement.
Spark’s mobile business maintained positive momentum as mobile service revenue rose 1.6% to NZ$499 million while broadband revenue increased 0.3% to NZ$303 million and cloud revenue climbed 1.7% to NZ$120 million.

Management has reaffirmed FY26 EBITDAI guidance of NZ$1.01 billion to NZ$1.07 billion along with free cash flow guidance of NZ$290 million to NZ$330 million.

(Source: Company Announcements)