High yield ASX Dividend Stocks Passive Income Seekers Hunt For
For investors who are chasing reliable passive income, these ASX stocks offer some of the highest yields backed by strong fundamentals.
High yield ASX Dividend Stocks
Yancoal Australia Limited (ASX: YAL)
Pepper Money Limited (ASX: PPM)
McMillan Shakespeare Limited (ASX: MMS)
New Hope Corporation Limited (ASX: NHC)
Yancoal Australia Limited (ASX: YAL)
is currently maintaining good production levels of thermal and metallurgical coal even with the presence of weather issues.
In the September 2025 quarter, the company shipped 10.7Mt of attributable coal and average realised coal price was $140 per tonne.
Yancoal ended the quarter with cash of $1.8 billion which helps in mitigating some of the risks that come with a cyclical business.
The company distributed fully franked dividends of $0.582 per share in FY25 which amounts to a current annual dividend yield of 10.81%.
Pepper Money Limited (ASX: PPM)
recently made a big move as it announced that a consortium which includes Pepper and KKR will buy the RAMS home loan portfolio.
Pepper will hold legal title to the loans and also be the servicer which fits well with its aim to build capital-light servicing businesses.
Assets under management have now reached $20.1 billion and the company made $47 million net profit after tax in first half of FY25.
The company has distributed fully franked dividends of $0.189 per share in FY25 which amounts to current annual dividend yield of 10.79%.
The company closed the half year with $142.9 million in cash and also retired $27.5 million of corporate debt in February 2025.
McMillan Shakespeare Limited (ASX: MMS)
continued scaling its core businesses in FY25 as revenue from continuing operations rose to $541.6 million which is a 3% growth from last year.
Normalised UNPATA was $103.2 million while operational execution stayed strong with a Normalised EBITDA margin of 31.2% despite ongoing strategic investments in technology, automation and customer platforms.
Recent developments included the rollout of upgraded digital platforms such as the MyMaxxia app which now holds a 4.5 star rating.
The balance sheet remained strong with low leverage and stable funding and MMS maintained a 100% payout ratio for FY25 while distributing fully franked dividends of $1.48 per share which represents a current yield of around 9.08%.
The company expects momentum to continue in FY26 with improving market conditions and will likely continue its legacy as a consistent dividend paying company.
New Hope Corporation Limited (ASX: NHC)
had a great start to FY26 as operational performance improved across Bengalla and New Acland supported by better mining conditions.
Saleable coal production reached 2.7Mt for Q1 FY26 which is a 7.1% growth and coal sales increased 11.6% to 2.68Mt.
The average realised sales price came in at $136.6/t compared to $132.1/t last quarter and underlying EBITDA rose 15.5% to $107.9 million driven by higher sales volumes and fewer mining disruptions.
The company distributed fully franked dividends of $0.34 per share in FY25 which amounts to a current annual dividend yield of 8.75% and has an impressive cash balance of $544.3 million.
(Source: Company Announcements)
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