Best high dividend ASX stocks for passive income seekers
Helia Group Limited (ASX: HLI)
delivered a strong financial performance for the year ended 31 December 2024, reporting a statutory net profit after tax of A$231.5 million and an underlying NPAT of A$220.9 million. Gross written premium rose 6% to A$195.6 million, although insurance revenue declined by about 9% to A$389.2 million. The final dividend package included a fully franked ordinary dividend of 16 cents and a special dividend of 53 cents per share, paid in April 2025.
Helia Group’s robust profitability, disciplined capital returns, and strong regulatory capital support its core LMI business. The company’s ability to renew ITS key partnerships and sustain premium growth will be pivotal as it heads into the second half of FY25.
Pepper Money Limited (ASX: PPM)
is a non-bank lender functioning throughout Australia and New Zealand in the areas of mortgage, asset finance, and loan servicing. Pepper Money Limited has declared a fully franked special dividend of 12.5 cents per share, amounting to a total payout of around $55.5 million. This initiative aligns with its capital management strategy and is underpinned by a robust unrestricted cash reserve of $124.0 million. The move reflects financial strength and a commitment to direct capital returns.
Pepper Money presents a lending play with conservative fundamentals: a solid balance sheet, attractive yield, and disciplined capital structure. While near-term revenue and earnings have dipped, the dividend uplift and ongoing buy-back indicates confidence and a strategy to reward shareholders during a rate-sensitive environment.
McMillan Shakespeare Limited (ASX: MMS)
delivered solid half-year results for the six months ended December 31, 2024. Revenue climbed to $276.8 million, up from $256.5 million in the prior corresponding period, while net income rose to $45.2 million compared to $37.6 million a year earlier. Basic earnings per share reached $0.649, marking a notable year-on-year gain.
McMillan Shakespeare rewarded investors with a fully franked interim payment of $0.78 per share for the first half of FY25, payable in March 2025, following the final $0.78 dividend in September 2024, a combined yield of over 8 percent at recent share prices
McMillan Shakespeare remains a profitable, dividend-rich mid-cap with an attractive valuation profile and stable business model.
Growthpoint Properties Australia’s (ASX: GOZ)
directly owned portfolio performed well, maintaining an impressive occupancy rate of 94% with a weighted average lease expiry (WALE) of 6.0 years. It achieved Funds from Operations of $88.8 million, equivalent to 11.8 cents per security (cps), reaffirming its full-year guidance of 22.3–23.1 cps.
Growthpoint Australia remains a value-rich REIT with stable occupancy, long-dated leases, conservative gearing, and a strong income profile. With its diversified industrial footprint, capital recycling strategy via GALP, and attractive discount to intrinsic value metrics, GOZ continues to appeal to income-focused investors.
Spark New Zealand Limited (ASX: SPK)
is facing a challenging operating environment, as seen in its half-year results for the six months ended December 2024: total revenue slipped 1.9% to NZ$1,939 million, adjusted EBITDAI declined 15.5% to NZ$448 million, and adjusted NPAT plunged 64.3% to NZ$56 million, signaling a sharp deterioration in profitability across core.
In response, management launched its SPK-26 transformation programme targeting NZ$110–140 million in annual cost savings by FY27. The company has also completed the NZ$314 million sale of its Connexa towers business and accelerated investment in its data centre pipeline.
The most recent semi-annual dividend of NZ$0.14 per share was paid in April 2025, supporting a yield around 11.4 percent on current pricing. Spark New Zealand though facing a downturn in its core earnings, with declining revenues, lower profitability, is making efforts to streamline costs and refocus on data centres.
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