High Yield ASX Dividend Stocks 2026

These ASX stocks Yancoal Australia Ltd, Pepper Money Ltd, and APA Group show stable financial performance with consistent dividend returns for shareholders. Their operational growth, strong cash positions and ongoing investments may also support future business expansion.

Yancoal Australia Ltd (ASX: YAL)

Yancoal Australia Ltd (ASX: YAL) operations delivered strong financial results for FY2025. ROM coal production reached 67.0 million tonnes which was 7% higher than the last year. Saleable production increased to 50.8 million tonnes while attributable saleable output reached 38.6 million tonnes.

Revenue for 2025 was $5.95 billion which declined as realised coal price fell 17% to $146 per tonne. The operating EBITDA was $1.437 billion with a 24% margin. YAL finished the year with a $2.1 billion cash balance.

YAL declared a fully franked final dividend of A$0.122 per share totaling A$161 million for 2025. Including the interim dividend the total payout shows about 55% of annual earnings.

For 2026 YAL expects attributable saleable production between the 36.5 and 40.5 million tonnes. Cash operating costs are projected at $90 to $98 per tonne whereas capital expenditure is estimated between $750 million and $900 million.

Pepper Money Ltd (ASX: PPM)

Pepper Money Ltd (ASX: PPM) delivered record business expansion in 2025. Total originations reached $10.3 billion which rose 47% from the previous year. Assets under management increased to $21.8 billion showing strong demand across mortgages and asset finance.

Pro-forma net profit after tax was $104.8 million which grew 7% from the previous year. Net interest margin improved to 2.05%. Net interest income stood at $335.6 million while total operating income reached $388.8 million.

Total pro-forma expenses declined 2% to $242.0 million. The cost to income ratio improved to 50.5%. The company completed $7.0 billion funding through loan sales and securitisations while warehouse capacity expanded to $13.3 billion.

Corporate debt declined to $97.5 million after repayments during the year. Unrestricted cash stood at $121.8 million. A fully franked final dividend of 7.8 cents per share was declared bringing total 2025 dividends to 26.7 cents.

APA Group (ASX: APA)

APA Group (ASX: APA) recently approved Stage 3A of the East Coast Gas Grid expansion with $260 million investment to increase north-south gas transport capacity.

Stage 3B includes $220 million for early works and procurement for the Bulloo Interlink project which plans to expand capacity further after 2028.

For the half year ended December 2025 underlying EBITDA reached $1,092 million which rose 7.6 percent. Net profit increased to $95 million.

The company declared an interim distribution of 27.5 cents per security payable in March 2026. Full year distributions are expected around 58 cents.

(Source: Company Report)