Best high yield Dividend Stocks ASX
Spark New Zealand Limited (ASX: SPK)
has faced a challenging H1 FY25 with revenue falling 1.9% to NZD$1,939 million and reported EBITDAI down 20.9% to NZD$419 million amid a recessionary environment affecting both consumer and enterprise spending. The company maintained its leadership in New Zealand’s mobile and broadband markets and continued to invest in network innovation, rolling out new mobile plans and optimising its broadband offerings with 5G driven wireless growth. Action was taken to streamline operations and reduce costs including a significant transformation of Spark’s technology and network delivery model culminating in new partnerships with Infosys and Nokia to leverage AI and automation which is expected to bring substantial operating efficiencies. Spark also completed the sale of its remaining stake in Connexa, strengthening its balance sheet and focusing resources on core telco and data centre expansion.
Spark declared an interim dividend of 12.5 cents per share (75% imputed) supporting its full year guidance of 25 cents per share. Adjusted EBITDAI dropped 15.5% to NZD$448 million and NPAT slid 77.7% to NZD$35 million with cost pressures from supplier inflation and technology transformation. The SPK 26 Operate Programme delivered an FTE reduction of 900 and targeted NZD$80–$100 million in net labour and opex savings for FY25 with annualised benefits rising to NZD$110–$140 million by FY27. Capital expenditure was carefully managed at NZD$252 million for H1, with disciplined investment in mobile infrastructure and rapid growth in data centre revenue (up 13.6%), underpinning Spark’s strategic priorities to drive long-term shareholder returns and competitive advantage in New Zealand’s digital landscape.
Helia Group Limited’s (ASX: HLI)
FY24 results underscored its resilience and disciplined capital management amid ongoing shifts in Australia’s mortgage market and regulatory landscape. Statutory NPAT declined 16% to $231.5 million, alongside an 11% reduction in underlying NPAT to $220.9 million, attributed mainly to lower benefits from negative total incurred claims following two years of exceptionally low claims experience. Gross written premium (GWP) rose 6% driven by higher value housing loans and increased LMI market share, while insurance revenue dropped 9% reflecting subdued new business volumes impacted by the Home Guarantee Scheme and lender self-insurance. Helia retained its 100% contract renewal rate and launched the “LMI Lets Me In” initiative to boost consumer and broker understanding of LMI, maintaining strong customer engagement and operational efficiency through digital integrations and robust governance. Its employee engagement score of 78% positioned Helia among the top quartile of financial services firms nationally.
Capital management remained a core focus, with the Board approving an increased fully franked final ordinary dividend of 16.0 cents per share and an exceptional fully franked special dividend of 53.0 cents per share, supported by a PCA coverage ratio of 2.10x, well above regulatory requirements. The company completed $113.4 million of share buy-backs, reducing outstanding shares by 9.4%, while announcing an expansion of its buy-back program to $200 million. Despite the impending loss of the Commonwealth Bank of Australia contract after December 2025—which accounts for 44% of GWP—Helia’s revenue impact will unfold gradually over many years as in-force policies run off. First quarter FY25 updates reflected ongoing market share growth and strong profitability (1Q25 NPAT of $68.2 million and PCA ratio of 1.91x), even as government policy changes to the Home Guarantee Scheme pose new uncertainties for the LMI sector. Helia remains committed to optimizing returns to shareholders and adapting to evolving market conditions while sustaining its support for Australian home buyers and lenders.
New Hope Corporation Limited (ASX: NHC)
delivered steady operational results for the quarter ended 30 April 2025, underpinned by consistent coal production and proactive mine management across both New South Wales and Queensland. Group saleable coal production held firm at 2.8Mt, supported by strong mining performance and favourable conditions particularly at Bengalla Mine where prime overburden movement rose 11% following improved equipment availability. Bengalla maintained robust output despite transitioning into higher strip ratio areas with saleable coal of 2.1Mt and sales of 2.0Mt meeting guidance expectations amid annual CHPP shutdown recovery. New Acland Mine in Queensland achieved record year-on-year growth, with ROM coal production up 216% and coal sales surging 532% versus the prior year, even as rail capacity constraints limited saleable volumes and increased onsite inventory. Strategic investments progressed, including ongoing development at Malabar’s Maxwell Underground Mine where operational enhancements and premium Japanese sales continued.
The group’s underlying EBITDA for the quarter stood at $155.2million, down 27% from the previous quarter due to lower realised coal prices, which averaged $147.5/t (a 7% quarterly decrease). New Hope’s forward sales book remains well supported providing stability against spot market volatility. The board paid a fully franked interim dividend of 19.0c per share ($160.6million) and initiated a $100million share buy-back purchasing 1.4million shares at an average $3.54 each. Available cash at quarter-end totaled $659.3million reflecting a highly liquid portfolio. Revised FY25 guidance accounts for ongoing rail challenges at New Acland, with lower saleable production and sales targets while Bengalla maintains cost discipline with FOB cash costs tracking toward the $71–$79/t range.
posted a strong HY25 result, with underlying NPAT surging 69% to $61.7m and reported profit up 38% to $49.7m, driven by a lower BAU claims ratio of 38.1% (HY24: 49.7%), continued GWP growth of 4% to $297m, and cost efficiencies that reduced the management expense ratio to 30.4%. Home and contents portfolio GWP rose 11% year-on-year, with 91% of new house policies rated low or very low flood risk, improving the portfolio’s loss profile. Motor GWP fell 4% as Tower prioritised profitability over volume growth. Digital adoption advanced, with 94% of car policy changes done online, and Suva hub operations now handling 73% of NZ sales/service calls.
The interim dividend was lifted to 8.0c per share fully imputed, following a $45m capital return in March. Tower maintained a conservative investment strategy, delivering $10m in net investment income, and reaffirmed an A- credit rating. Non-underlying items included $6.2m after-tax provisions for Canterbury earthquake claims and $4.9m for customer remediation. The solvency ratio remains robust at 164% post-dividend. FY25 guidance targets mid-single-digit GWP growth, MER below 31%, combined ratio of 82–84%, and underlying NPAT of $70–$80m assuming full large event allowance utilisation. Strategic priorities include expanding risk-based pricing and enhancing digital capabilities.
Super Retail Group Limited (ASX: SUL)
delivered steady sales growth in the first 44 weeks of FY25, with group total sales rising 4.2% and like-for-like sales improving to 3.1% in H2 versus 1.8% in H1. Growth was driven by continued strong momentum at BCF, which recorded 8.3% sales growth year-to-date and benefited from strategic stock investments and solid Easter trade. Rebel accelerated in H2 despite a $5 million net sales headwind from cyclone Alfred, underpinned by robust footwear and health equipment sales. Supercheap Auto posted 1.6% sales growth, with signs of stabilisation in April after a softer start to the year, while Macpac’s New Zealand exposure continued to weigh on its performance ahead of the peak winter season. Group gross margins remained below last year, broadly in line with H1’s year-on-year decline, reflecting a softer retail environment, particularly in New Zealand.
The Group is progressing major infrastructure projects including a new semi-automated Victorian distribution centre with completion and staged migration planned through FY26 and the implementation of a replacement payroll and Human Resources Information Management system over the next 12 months. FY25 Group and Unallocated costs are expected at $42 million up from $36 million in FY24 with DC transition and HRIM expenses forecast to total $29 million in FY26. SRG remains focused on leveraging its omni retail network, expanding digital capabilities and optimising store formats across its four core brands to sustain competitive positioning and deliver long term shareholder value.
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