When it comes to buying ASX dividend shares, there is a huge range for Australian investors to choose from.
ASX dividend shares are a great way to earn a reliable passive income, but the tricky part is working out which ones are best suited for your risk profile.
Here are two of my favourite high-yield ASX dividend shares, and both pay around 7%.
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Dexus Industria REIT (ASX: DXI)
Dexus Industria REIT is a listed investment trust (LIT) that holds a diversified portfolio of over 90 workplace-focused properties. These include established industrial properties, technology parks, and business park assets located across Sydney, Melbourne, Brisbane, Perth, and Adelaide.
Its $1.6 billion portfolio is managed internally by Dexus and is one of the Dexus group's three ASX-listed entities.
Its portfolio of assets and investment plan enable it to provide resilient growth, income, and long-term risk-adjusted returns to investors. It benefits from a diversified tenant base, high occupancy, and stable rental income.
The ASX dividend company has paid a quarterly unfranked or partially franked dividend since 2017. Its investors will be paid an unfranked quarterly dividend of 4.1 cents in May.
Dexus Industria REIT is forecast to pay dividends per share of 16.6 cents in FY26, which implies a forward yield of 7% at the time of writing. And then 16.8 cents in FY27.
Betashares Dividend Harvester Active ETF (ASX: HVST)
Betashares HVST is another option for investors looking for an ASX dividend share yielding around 7%. The bonus of this ASX ETF is that it pays its investors monthly dividends, rather than quarterly or even annually.
The fund invests in 40 to 60 dividend-paying companies selected from the top 100 largest companies listed on the ASX. It selects these companies based on their dividend forecasts, franking credits, and expected future gross dividend payments.
Not only does Betashares HVST pay its investors on a monthly basis, it boasts that its annual dividend yield is around double that of the broader ASX.
As of the 31st of March this year, the HVST ETF pays a 12-month gross distribution (dividend) yield of 7.6%, and a net yield of 5.9%. Its franking level is 63.9%, and it has an annual management fee of 0.72%.
Its most recent dividend payment was in mid-March when it paid out 6 cents per share to investors. The fund also paid out $0.06 per share to investors in late February and in January. Another $0.06 per share is due to be paid to investors next week.
