5 ASX Stocks Paying Fully Franked Dividends: FMG, NAB, WDS, WBC, RIO

These five ASX shares offer regular fully franked dividends, with recent company updates highlighting shareholder returns alongside business growth, project progress and financial strength.

Investors looking beyond individual companies can also explore high-yield ASX ETFs for broader exposure to dividend-paying assets. 

Fortescue Limited (ASX: FMG)

Fortescue Limited (ASX: FMG) announced its FY26 results on 20 August 2026, reporting record iron ore shipments of 201.3Mt and a Hematite C1 unit cost of US$18.74/wmt. Safety results included an LSI of 172 and TRIFR of 1.3.

The company's Green Grid includes 2.4GW of renewable energy, comprising 1.5GW of solar and 900MW of wind, supported by 4–5GWh of batteries. Fortescue also completed the acquisition of Alta Copper and surpassed 230,000 metres of exploration drilling at Belinga.

For shareholders, Fortescue declared a fully franked final dividend of A0.46pershare,takingtotalFY26dividendstoA1.08 per share. The ex-dividend date was 1 September 2026, with payment scheduled for 29 September 2026.

National Australia Bank Ltd (ASX: NAB)

National Australia Bank Ltd (ASX: NAB) announced its Third Quarter Trading Update on 17 August 2026.

Customer deposits and business lending grew during the period, while home lending remained in line with the system excluding Advantedge run-off.

NAB continued to focus on business banking, deposit growth, proprietary home lending, technology modernisation and productivity. At the same time, customer conditions remained challenging due to higher interest rates, tax changes and the Middle East conflict.

Asset quality remained manageable, with non-performing exposures declining. The bank also continued targeting stronger customer advocacy and sustainable shareholder returns.

NAB's current annual dividend yield is 4.34%.

For investors comparing income-focused companies across different sectors, NAB can also be considered alongside other Best Dividend Stocks to Buy in 2026

Woodside Energy Group Ltd (ASX: WDS)

Woodside Energy Group Ltd (ASX: WDS) announced its H1 2026 results on 25 August 2026, reporting operating revenue of $7,446 million, up 13%, production of 478 Mboe/d and unit production costs of $8.8/boe.

Operating cash flow reached $3 billion, while EBITDA was $4.6 billion and underlying NPAT was $1.3 billion.

Woodside's major projects also continued to progress. Scarborough reached 98%, Trion 64% and Louisiana LNG 28%, with all three projects reported as being on budget and schedule. Scarborough subsequently achieved first gas, while Trion is targeting first oil in 2028 and Louisiana LNG is targeting first LNG in 2029.

The company had liquidity of $8.2 billion and gearing of 20.6%.

Woodside determined a fully franked interim dividend of $1.1 billion, or 57 US cents per share. Its current annual dividend yield is 5.13% as of 29 September 2026.

Westpac Banking Corporation (ASX: WBC)

Westpac Banking Corporation (ASX: WBC) announced its Third Quarter 2026 Update on 10 August 2026.

Customer deposits and lending increased, while the bank continued investing in products, services, regional banking and transformation.

Housing credit growth is expected to moderate from 6.8% in FY26 to 4.7% in FY27. Westpac also expanded Spend&Save, launched Book a Banker and progressed its UNITE migrations.

The sale of the RAMS mortgages portfolio reduced operational complexity and strengthened the balance sheet.

Westpac's CET1 ratio stood at 12.1%, above its 11.25% target. The current annual dividend yield is 4.39%.

Rio Tinto Limited (ASX: RIO)

Rio Tinto Limited (ASX: RIO) announced the Tomago Aluminium agreement on 13 August 2026, securing power supply through 2038.

The company will invest A1.1billioninthesmelter,includingA100 million for decarbonisation. Renewable power is expected to reach 100% from 2033, reducing Scope 1 and 2 emissions by 7.1 million tonnes annually.

In its 2026 half-year results, Rio Tinto achieved 3% copper equivalent production growth and stronger performance across key commodities. Simandou achieved its first high-grade iron ore sales, while lithium projects also progressed.

For shareholders, Rio Tinto declared a $3.4 billion interim ordinary dividend, up 43%, with a 50% payout ratio. The current annual dividend yield is 4.06% as of 29 September 2026.

5 ASX Stocks Paying Fully Franked Dividends: Key Takeaways

These five companies combine shareholder distributions with recent developments across mining, energy and banking.

Fortescue delivered record iron ore shipments and FY26 dividends of A$1.08 per share. NAB and Westpac continued to report growth in deposits and lending while focusing on productivity and customer initiatives. Woodside progressed major energy projects while maintaining shareholder distributions, while Rio Tinto reported copper equivalent production growth and declared a higher interim dividend.

For investors focused on shareholder income, these companies also sit within the broader universe of dividend growth stocks.

For investors focused on fully franked dividends, these companies provide different exposure across the ASX while maintaining a focus on shareholder returns.