Best Dividend Stocks with Potential for Growth

ASX stocks with dividends remaining dependable as Helia, Pepper Money and Yancoal  are leading the way with double digit yields that reward patience and conviction.

Helia Group Limited (ASX: HLI)

had another solid half year showing why it’s considered a strong high yield player in the financial space. The company posted a statutory net profit after tax of about $133.7 million and an underlying net profit after tax of $126.1 million for 1H25 which is up 18.4% from the same period last year. Insurance revenue came in at $182.2 million and net investment returns jumped to 7.3% per year helped by gains in both equity and bond markets. The company paid out a fully franked dividend of 16 cents per share along with an unfranked special dividend of 27 cents per share showing how confident they are in their capital position. The company’s balance sheet stays strong with net assets above $1.02 billion and net tangible assets per share at $3.72. With a current annual yield of 19.58% HLI still stands out as one of the best income paying stocks on the ASX giving investors both steady profits and healthy payouts.

Pepper Money Limited (ASX: PPM)

had a strong first half in FY25 showing why it is one of the leading non-bank lenders in Australia. The company posted a net profit after tax of around $47 million which is up by 2% from last year. Total Assets Under Management touched $20.1 billion, 4% higher than last year mainly because of good growth in mortgage and asset finance originations which stood at $4.5 billion. Operating income was around $185 million. It also announced an interim dividend of 6.4 cents per share along with a special dividend of 12.5 cents per share taking the current annual yield to 13.47% which is one of the highest in the sector. With a solid balance sheet having net assets of $777 million and cash of $999.9 million, Pepper Money continues to manage both growth and shareholder returns quite well building a strong track record of stable performance.

Yancoal Australia Ltd (ASX: YAL)

still stands as one of the biggest and most profitable coal producers in the country, giving strong returns to shareholders even when the market stayed volatile. For the half year ended June 2025, the company made a revenue of about $2.68 billion and posted a net profit after tax of $163 million, backed by strong operations and production efficiency. Though profit dropped compared to last year because of lower global coal prices but Yancoal still managed to grow saleable coal production by 15% and metallurgical coal output by 11%, showing solid performance at its Moolarben, MTW and HVO mines. The balance sheet is quite strong too with net tangible assets per share of $6.57. The company declared a fully franked interim dividend of 6.2 cents per share and a final dividend of 52 cents per share, keeping its good track record of giving high cash returns to shareholders. With a current annual yield of 11.41%, Yancoal remains one of the most attractive dividend stocks on ASX. 

(Source: Company Announcements)