Looking to add some high-yielding ASX dividend stocks to boost your annual passive income stream?
Then you've come to the right place.
Below, we look at three quality ASX dividend stocks that are each trading on yields north of 10%.
Now, two of these stocks have seen their share prices come under pressure over the past year, while one has enjoyed strong share price growth.
While the future remains inherently uncertain, I believe all three of these companies will deliver share price growth over the coming years from their current levels. I also think they'll continue to pay market-beating passive income.
With that said, the dividend yields you generally see quoted are trailing yields. Future yields from any ASX income stock may be higher or lower depending on a range of company-specific and macroeconomic factors.
So, let's get to it…
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Three high-yielding ASX dividend stocks for market-beating passive income
The first high-yielding ASX dividend stock you may wish to consider is New Hope Corp Ltd (ASX: NHC).
Shares in the S&P/ASX 200 Index (ASX: XJO) coal miner are down 16% over the past year but remain up 192% over five years.
In a promising sign on the passive income front, New Hope's latest interim dividend of 19 cents per share was up 11.8% from the prior interim dividend.
Over the past full year, New Hope has paid out a total of 41 cents a share in fully franked dividends. At the current share price of $3.90, New Hope stock trades on a fully franked trailing dividend yield of 10.5%.
The second ASX dividend stock you may wish to add to your portfolio to boost your passive income stream is Spark New Zealand Ltd (ASX: SPK).
Shares in the New Zealand-based S&P/ASX 300 Index (ASX: XKO) telco company are down 47% over the past year. That drop followed years of fairly stable share price performance, with Spark shares now down 53% over five years.
Which could make now an opportune time to buy Spark shares for their passive income and the potential of a share price rebound.
Over the past 12 months, Spark has paid out a total of 23.8 cents a share in unfranked dividends. At the current share price of $2.02, that sees this ASX 300 stock trading on an unfranked trailing dividend yield of 11.8%.
Which brings us to the third high-yielding ASX dividend stock to buy for passive income, Helia Group Ltd (ASX: HLI).
Shares in the ASX 200 lenders mortgage insurance provider are up 28% over the past year and up 134% over five years.
As for that passive income, Helia paid a fully franked final ordinary dividend of 16 cents per share and a fully franked special dividend of 53 cents per share on 3 April. Adding in the interim dividend of 15 cents per share, Helia paid a total of 84 cents per share in dividends over the past year.
At the current Helia share price of $5.27, this ASX dividend stock trades on a fully franked trailing yield of 15.9%.
