Income Stocks for ASX in 2026

As investors look for reliable income opportunities in 2026, these ASX listed stocks offer high dividend yields backed by solid fundamentals which suggests the market is currently underestimating their true value.

Helia Group Limited (ASX: HLI)

Helia Group Limited (ASX: HLI) reported statutory NPAT of $200.9 million for the period ended 30 September 2025 which was supported by extremely low claims as total incurred claims stayed negative due to reserve releases and low paid claims.

Net investment revenue remained resilient at $121.3 million while the insurance service result rose to $242.5 million which highlights the strength of underwriting performance even with broader industry pressure.

Capital strength is a key feature as the group maintains a target PCA coverage ratio of 1.40x to 1.60x which is supported by reinsurance flexibility and access to Tier 2 subordinated debt and allows continued consideration of excess capital returns to shareholders.

Helia distributed $1.12 per share in FY25 which is sharply higher than $0.60 per share in FY24 and translates to a current annual yield of 19.72%.

Helia expects to release its full year financial results for the period ended 31 December 2025 before market open on 25 February 2026 which should provide more clarity of future performance.

Tower Limited (ASX: TWR)

Tower Limited (ASX: TWR) reported underlying NPAT of NZ$107.2 million for the year ended September 2025 and reported profit of NZ$83.7 million supported by an improved business as usual claims ratio of 41% and a combined operating ratio of 74.1% shows strong insurance profitability.

Gross written premium reached NZ$600 million, backed by 4% customer growth to 318,000 policies and home insurance policy numbers rose 11% year-on- year which shows solid momentum in the core portfolio.

The company distributes unfranked dividends and the current annual yield stands at 13.17% while the current market capitalisation is $558.04 million.

The FY26 underlying NPAT guidance is NZ$55 million to NZ$65 million as conditions normalise.

A key growth driver is the new partnership with Westpac New Zealand under which Tower will underwrite and supply general insurance products to Westpac’s retail customers from July 2026 which supports future premium growth and wider distribution reach.

IPH Limited (ASX: IPH)

IPH Limited (ASX: IPH) has a market capitalisation of $917 million at the time of writing and on 20 November 2025, it reported that group revenue for the first four months of FY26 rose by 7% compared to the same period in FY24 to $241.7 million.

Underlying EBITDA increased by 13% to $72.4 million which was supported by cost reductions and stronger performance across its Canadian and Asian operations along with acquisition synergies.

The completion of major Canadian acquisitions in FY25 has created a clear market leading IP platform in Canada which has also improved cross referral activity across the wider IPH network.

The company confirmed that it will release its half year financial results for the period ended 31 December 2025 on 19 February 2026 which is expected to provide further insight into its growth outlook and impact of AI on its business.

IPH returns cash to shareholders through dividend payments that are often partially franked and the company currently offers an attractive annual dividend yield of 10.4%.

(Source: Company Reports)