Best ASX dividend stocks for 2025

Searching for a high yield? We've found the 10 best dividend stocks on the ASX to watch in 2025 (updated monthly).

Dividends can be one of the most important considerations for Australian investors, especially those who are looking to live off the income their shares provide.

Key takeaways

  • Based on our analysis, the best ASX dividend stocks for investors include GQG Partners (ASX:GQG), WAM Leaders (ASX:WLE), Whitehaven Coal (ASX:WHC), Pinnacle Investment Management (ASX:PNI), and Northern Star Resources (ASX:NST) due to their strong dividend yields and consistent performance
Well-established blue-chip companies like the banks are less likely to see substantial share price growth over many years, so dividends are often seen as the key reason to invest in them.
Important note

Unfortunately there's no one magic stock that is 'best' for everyone. Instead, you should look into your own portfolio, your individual needs and your investment strategy to decide what stock is right for you. Further still, nobody can say for certain which direction a share will go as past performance is no guarantee of future results. So keep in mind these are stock ideas only and should not be taken as personal financial advice.

10 top ASX dividend stocks to watch in 2025

Please note the below are not share trading recommendations. They are simply investing ideas. Before trading you should do your own research to determine if any of the below are right for you.

All below data is as of 27 November 2025.

1. GQG PARTNERS INC. (ASX:GQG)

GQG Partners is a investment management company that is based in Florida but listed on the ASX, with offices in Sydney and London. It has paid out 1 dividend so far in 2025, of 4.22c, with a dividend yield of 12.01%.

  • Market cap: AUD$4.86 B
  • Dividend yield: 13.82%
  • Profit margin: 57.53%
  • P/E ratio: 7.51


2. WAM LEADERS LIMITED (ASX:WLE)

WAM Leaders is a listed investment company managed by Wilson Asset Management, focused on investing in large-cap Australian companies. The fund aims to deliver investors both capital growth and a stream of fully franked dividends through an actively managed portfolio that seeks to outperform the S&P/ASX 200 Accumulation Index.

  • Market cap: AUD$1.77 B
  • Dividend yield: 7.24%
  • Profit margin: 57.65%
  • P/E ratio: 27.24


3. HMC CAPITAL LIMITED (ASX:HMC)

HMC Capital Limited (HMC) is an Australian alternative asset manager specialising in real estate, private equity, private credit, energy transition, and digital infrastructure. The company partners with institutional and wholesale investors to manage and deploy capital across a range of alternative investment strategies.

  • Market cap: AUD$1.3 B
  • Dividend yield: 3.81%
  • Profit margin: 59.11%
  • P/E ratio: 9.38


4. PINNACLE INVESTMENT MANAGEMENT GROUP LIMITED (ASX:PNI)

Pinnacle Investment Management Group Limited (PNI) is an Australian investment management company that partners with boutique fund managers, providing operational support and access to capital. The company benefits from the performance and growth of its affiliated investment managers across various asset classes.

  • Market cap: AUD$3.66 B
  • Dividend yield: 3.54%
  • Profit margin: 172.77%
  • P/E ratio: 28.38


5. TASMEA LIMITED (ASX:TEA)

Founded in 1999 and headquartered in Jandakot, Tasmea Ltd. is an Australian-based skilled services company delivering maintenance, engineering and specialised project solutions across mining, resources, oil and gas, waste and water, power, renewable energy and defense sectors.

  • Market cap: AUD$1.2 B
  • Dividend yield: 2.35%
  • Profit margin: 9.69%
  • P/E ratio: 20.29


6. RAMELIUS RESOURCES LIMITED (ASX:RMS)

Ramelius Resources Limited (RMS) is an Australian gold mining company engaged in the exploration, development, and operation of gold projects primarily in Western Australia. The company owns and operates several gold mines including Mt Magnet and Edna May.

  • Market cap: AUD$6.85 B
  • Dividend yield: 2.25%
  • Profit margin: 39.41%
  • P/E ratio: 8.92


7. WHITEHAVEN COAL LIMITED (ASX:WHC)

As a leading coal producer in Australia, Whitehaven Coal Ltd commands a market cap of $5.47 billion. The energy minerals company offers a substantial dividend yield of 3.32% as of September 2025, with the last 2 dividends being fully franked.

Despite the high dividends recently, which reflect volatile coal market prices, historical payouts from Whitehaven have been smaller, illustrating a potentially variable dividend pattern.

  • Market cap: AUD$5.73 B
  • Dividend yield: 2.16%
  • Profit margin: 11.13%
  • P/E ratio: 8.89


8. MA FINANCIAL GROUP LIMITED (ASX:MAF)

MA Financial Group Limited (MAF) is an Australian diversified financial services company operating across asset management, lending, and corporate advisory. The group's business units include managed funds, mortgage aggregation, and technology-enabled lending platforms.

  • Market cap: AUD$1.73 B
  • Dividend yield: 2.15%
  • Profit margin: 2.47%
  • P/E ratio: 45.49


9. NORTHERN STAR RESOURCES LTD (ASX:NST)

Northern Star Resources Ltd (NST) is a leading Australian gold mining company with operations across Western Australia and Alaska. The company focuses on low-cost, high-quality gold production and has grown through a combination of organic development and strategic acquisitions.

  • Market cap: AUD$37.59 B
  • Dividend yield: 2.09%
  • Profit margin: 20.88%
  • P/E ratio: 24.15


10. BRAVURA SOLUTIONS LTD (ASX:BVS)

  • Market cap: AUD$1.14 B
  • Dividend yield: 1.77%
  • Profit margin: 23.72%
  • P/E ratio: 15.52


How did we pick the best dividend stock list?

We filtered Australian stocks with market caps of over $1 billion, annual revenue growth and EPS over 25% and then selected the 10 stocks with the highest yield.

Debt-to-equity (D/E) ratio: Compares a company's level of debt to its amount of shareholder equity. Generally speaking, the higher the ratio, the more leveraged a company is, although this ratio will differ broadly across sectors.

Price-earnings (P/E) ratio: The relative value of a company's stock price to its recent profit results, i.e. the price investors are paying for every dollar of profit the company makes. A high P/E ratio might indicate investors expect growth to occur in the future and are willing to pay more for it, or it can also indicate the stock is overpriced.

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How to pick the ASX best dividend stocks

Dividend investors will typically look for the following attributes when selecting their ASX dividen stocks:

  • Low debt levels. You can check this in the company's profit results delivered twice a year or through its debt-to-equity (D/E) ratio.
  • Repeated profits. Companies only pay dividends if they are profitable and the longer they've been doing so, the more likely they will this year.
  • Business as usual despite hiccups. The company is continuing to operate or has seen an increase in activity.

Tips for looking at ASX Dividend stocks

Expert insight

"When searching for dividend stocks, investors should be looking for companies with consistent, reliable cash flows from a product or service with a clear competitive advantage. Ultimately it is profit from these cash flows that will lead to dividends,"

Tim Sparks
Head of Distribution at Bell's Direct

Dividend traps and metrics to look for in ASX Dividend stock

He also cautioned investors of the risks of dividend traps, highlighting the need to analyse 2 key metrics before purchasing dividend shares.

Expert insight

"The first is to look at the company's historical dividends to make sure they are consistent. The second – look at the company's dividend payout ratio and ensure it didn't suddenly increase based on a one-off event,

The average dividend yield for an ASX 200 company is about 4%. If a stock is yielding say 15% then it is unlikely this can be maintained and that stock needs further analysis to avoid disappointment."

Tim Sparks
Head of Distribution at Bell's Direct

Video: Dividends explained

5:00

Found the best dividend stocks? Buy through an online broker

To buy dividend stocks, you'll need to sign up to an online broker. You can use the table below to compare online brokers (also known as share trading platforms) available in Australia.

Important: The standard brokerage fee displayed is the trade cost for new customers to purchase $1,000 of either Australian or US shares. Where a platform charges different fees for both US and Australian shares we show the lower of the two. Where both CHESS sponsored and custodian shares are offered, we display the cheapest option.

Finder survey: Approximately how much do Australians earn in dividends each year?

ResponseWAVICSAQLDNSW
I don't earn any dividends45.63%38.64%41.1%39.09%35.71%
Less than $50012.62%10.61%8.22%14.21%15.22%
No idea11.65%7.95%20.55%11.68%12.73%
Between $500 - $200010.68%12.5%6.85%12.18%7.76%
I reinvest my dividends5.83%10.61%8.22%7.11%10.87%
$10001-$200003.88%4.17%1.37%2.03%2.8%
Over $200003.88%4.17%1.37%3.05%4.66%
$2001 - $50002.91%4.92%10.96%5.58%8.7%
$5001 - $100002.91%6.44%1.37%5.08%1.55%
Source: Finder survey by Pure Profile of 1004 Australians, December 2023
Data for ACT, NT, TAS not shown due to insufficient sample size. Some other states may also be excluded for this reason.

Frequently asked questions

Sources

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Disclaimer: This information should not be interpreted as an endorsement of futures, stocks, ETFs, options or any specific provider, service or offering. It should not be relied upon as advice or construed as providing recommendations of any kind. Futures, stocks, ETFs and options trading involve substantial risk of loss and therefore are not appropriate for all investors. Past performance is not an indication of future results. Consider your own circumstances, and obtain your own advice, before making any trades.

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To make sure you get accurate and helpful information, this guide has been edited by Jason Loewenthal as part of our fact-checking process.
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Investments Analyst

Kylie Purcell is an experienced investments analyst and finance journalist with over a decade of expertise in a wide range of financial products, including online trading platforms, robo-advisors, stocks, ETFs and cryptocurrencies. She is a sought-after commentator and regularly shares her insights on the AFR, Yahoo Finance, The Motley Fool, SBS and News.com.au. Kylie hosts the Investment Finder video series and actively contributes to the investment community as a judge and panellist. She holds a Master of Arts in International Journalism, a Graduate Diploma in Economics, and ASIC-recognised certifications in securities and managed investments. See full bio

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