Market Correction An Opportunity To Buy High Yield Stocks At a Bargain

Due to the recent pullback in markets, lower stock prices have lifted dividend yields, making the following companies stand out as excellent opportunities for dividend investors.

ASX High Yield Stocks

Pepper Money Limited (ASX: PPM) 

IPH Limited (ASX: IPH) 

Spark New Zealand Limited (ASX: SPK) 

Yancoal Australia Limited (ASX: YAL) 

Pepper Money Limited (ASX: PPM) 

started November with a strategic move as it announced that a consortium including Pepper and KKR will buy the RAMS home loan portfolio.
Pepper will be the servicer and hold legal title to the loans which fits well with its focus on building a capital-light servicing business that provides annuity-style earnings.
The company reported $47 million net profit after tax in 1H25 and assets under management reached $20.1 billion while operating income was $185 million.

The company paid fully franked dividends of $0.189 per share in FY25 which translates to current annual dividend yield of 11.16%.
The company retired $27.5 million of corporate debt in February 2025 and closed the half year with roughly $142.9 million in cash even after paying dividends.

IPH Limited (ASX: IPH) 

had a good FY25 as it saw better IP filing activity across its key markets.
Its underlying EBITDA came in at $207.2 million helped by organic growth and cost savings.
The company started integrating AI into its operations which should help its competitive edge in the long term.

IPH has also kept up good shareholder payouts with rising dividends over the past few years backed by steady earnings and careful capital allocation. 
The company distributed $0.365 per share of partially franked dividends in FY25 compared to $0.35 per share in FY24 and the current annual yield is 10.17% which is very impressive.

Spark New Zealand Limited (ASX: SPK) 

had a decent year as it reported revenue of around NZ$3.69 billion in FY25 which is almost same as last year.
Net profit was NZ$260 million as Spark continued spending on network upgrades and digital projects to maintain its competitive position.

The latest unfranked dividend was NZ$0.141 per share in October 2025 which is same as the April 2025 dividend translating to 11.23% current annual yield.
The company has shown stability in the past few years along with a disciplined capital return policy which is helped by long-term demand.

Yancoal Australia Limited (ASX: YAL) 

is maintaining good production levels even with the presence of weather issues and a soft coal market. 
The company shipped 10.7Mt of attributable coal in the September 2025 quarter and average realised coal prices came in at $140 per tonne during 3Q25.
Yancoal ended the quarter with a cash balance of $1.8 billion which is good for a business of this scale in a cyclical industry.

The company paid fully franked dividends of $0.582 per share in FY25 which translates to an impressive current annual dividend yield of 10.60%.

(Source: Company Announcements)