3 ASX Dividend Shares to Buy With 5%+ Yields

Three Australian companies with dividend yields exceeding 5% that deserves a closer look

APA Group (ASX: APA)

APA Group (ASX: APA) is an Australian based company engaged in the energy infrastructure business with a market capitalisation of $13.52 billion. The company has an attractive dividend yield of 5.68% and its distributions are generally unfranked which makes it a favourable buy for those looking to get stable dividend yield. 

The company has recently received approval from Australian Energy Regulator with regards to a proposed $213 million expansion of South West Pipeline in Victoria to help meet projected peak day gas shortfall later this decade. 

The company announced on 19 June 2026 to a pay a dividend of 30.5 cents per share for six months ended 30 June 2026 which is 1.7% more than the previous year’s distribution which reflects management’s strong confidence in company’s stable cash flow and consistent earnings performance. 

APA remains an attractive investment for income-focused investors which is supported by its reliable regulated energy infrastructure assets and a predictable cash flows along with a dividend yield above 5% which offers a good combination of stable income and long-term growth potential.

Atlas Arteria Group (ASX: ALX)

Atlas Arteria Group (ASX: ALX) is an Australia-based global owner and developer of toll roads with a market capitalisation of $7.38 billion. The company has a dividend yield of 7.85% which makes it an attractive choice for income-focused investors. Its distributions are generally unfranked due to its international asset structure.

The company continues to benefit from traffic control across its portfolio driving healthy cash generation. It maintains a distribution policy which targets 90-110% of free cash flow while its mature infrastructure assets provide stable and predictable earnings. Management has also been actively recycling capital and making better use of its assets to create long-term value. 

Looking ahead, continued traffic recovery along with inflation-linked toll increases and disciplined capital allocation are expected to support earnings and distributions. The company also progresses towards the initiatives to unlock shareholder value which includes portfolio optimisation and capital management.

Alta Arteria is an attractive buy for investors who seeks a dividend yield above 5%. Its robust infrastructure along with reliable cash flow and attractive dividend yield offer a compelling blend of stable income and long-term capital appreciation potential making it well suited for income-oriented portfolios.

Fortescue Limited (ASX: FMG)

Fortescue Limited (ASX: FMG) is one of the world’s largest iron ore producers and a leader in green energy and decarbonisation technologies. The company has a market capitalisation of $57.79 billion with a dividend yield of 6.49% and 100% franking which makes it a robust choice for income-focused investors seeking tax efficient returns.

It has delivered a strong FY26 half-year performance by reporting a 23% growth in net profit to US$1.9 billion while increasing its interim dividend by 24% to $0.62 per share. The company maintained 50-80% payout policy, shipped record iron ore and continued to benefit from lower production costs and improved realised iron ore prices.

The company invests heavily in its Pilbara Green Grid along with green hydrogen, renewable energy and battery technologies. Management aims to sustain iron ore shipments while accelerating commercial decarbonisation and positioning the company for long-term growth beyond traditional mining.

Fortescue is an attractive buy for income-focused investors which is supported by its low-cost operations along with strong cash flow generation and fully franked dividend yield above 5%.

(Source: Company Announcements)