$1,000 buys 259 shares in this high-yield ASX dividend stock

The dividend payment is expected to keep climbing too.

ASX dividend stocks are a great way for savvy Australian investors to earn a regular passive income. 

And thanks to sharemarket volatility so far in 2026, several good-quality dividend stocks are now offering shareholders a very attractive dividend yield.

While chasing the highest yield ASX stock isn't always the best strategy, there are some reliable earners out there. 

The goal should be to find a financially sound dividend-paying business that pays a reliable dividend at a good rate.

Here's one that has caught my attention recently.

Person with a handful of Australian dollar notes, symbolising dividends.

Image source: Getty Images

My high-yield ASX dividend stock of choice

IPH Ltd (ASX: IPH) is an international intellectual property (IP) services group. Essentially, the business acts as a holding company for a network of IP firms. Its major subsidiaries include global IP brands AJ Park, Griffith Hack, Pizzeys, Smart & Biggar, and Spruson & Ferguson, as well as IP business Applied Marks.

These subsidiaries protect, commercialise, enforce, and manage clients' IP rights worldwide. IPH services cover everything from patent filing and trademarks to prosecution, portfolio management, and enforcement. 

The group covers 10 jurisdictions across 25 countries, including Australia, New Zealand, Southeast Asia, and the US, making it the largest IP services provider in the Asia-Pacific region. This means that a significant share of its revenue comes from the Asia-Pacific market.

Not only is the company huge and sprawling, but it also has a long history of generating consistently strong cash flow from its operations. 

IPH posted its first-half FY26 results in mid-February, revealing a 6.5% increase in revenue compared with the prior corresponding period.

Its underlying EBITDA rose 6.6%, and its statutory NPAT climbed 10.5%. IPH also announced a 101% cash conversion. 

The company's strong financials and robust cash flow mean it is able to position itself as a reliable dividend payer. And one that can gradually increase its dividend payment over time, too.

What dividend yield does it pay its shareholders?

IPH has historically paid two partially or fully franked dividends each year, in March and September. 

Its latest payment, in March this year, was an interim dividend of 19 cents per share, up 11.8% on the prior period. The dividend was 20% franked and represented an 81% payout of cash-adjusted NPAT.

The consensus estimate is that IPH will pay a fully-franked 37.6 cents per share dividend for FY26. Based on the share price of $3.86 at the time of writing, this equates to a dividend yield just under 10%, excluding franking credits. 

It also means that $1,000 invested in IPH shares will buy you 259 shares in the high-yield ASX dividend stock, at the time of writing.

What's next for the IPH share price?

Analysts are mostly bullish about the outlook for the ASX dividend stock over the next 12 months.

According to TradingView data, the majority (5 out of 7) have a buy or strong buy rating on the stock.

The average $4.79 target price implies a 24% upside at the time of writing. Meanwhile, the $6 maximum target price implies a potential 55% price surge for the shares over the next 12 months. 

Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has recommended IPH Ltd. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Dividend Investing

A young investor working on his ASX shares portfolio on his laptop.
Dividend Investing

Telstra vs Woodside: Which ASX dividend stock comes out on top?

See how Telstra and Woodside compare for franked dividends, value, and momentum—and which stock I’d buy for income right now.

Read more »

Woman looking at her computer and pondering something.
Dividend Investing

Insurance Australia Group vs Coles: Which ASX dividend comes out on top?

Should income investors pick Insurance Australia Group or Coles Group? Here’s how their dividends, franking, and value stack up.

Read more »

Two men in suits face off against each other in a boxing ring.
Test Only

Wesfarmers vs Woolworths: Which ASX dividend share looks better this month?

I compare Wesfarmers and Woolworths head-to-head to see which ASX dividend share is better value and income for investors right…

Read more »

A man points at a paper as he holds an alarm clock, indicating the ex-dividend date is approaching.
Dividend Investing

10 ASX shares with ex-dividend dates next week

Harvey Norman, MFF Capital Investments, WAM Capital, and other stocks go ex-div next week.

Read more »

Smiling woman listening to music and using her phone.
Dividend Investing

AGL Energy vs Wesfarmers: Which share delivers better passive income?

AGL Energy offers a bigger franked dividend yield than Wesfarmers—here's which ASX stock I'd pick for passive income.

Read more »

Hand of a woman carrying a bag of money, representing the concept of saving money or earning dividends.
Dividend Investing

2 ASX passive income share ideas I'd use to generate $300 a month in 2027

These businesses are providing incredible dividend income.

Read more »

Mining vehicle at a mine site.
Dividend Investing

If I invest $10,000 in Fortescue shares, how much passive income could I earn in FY27?

Do you hold Fortescue shares in your portfolio?

Read more »

Piles of increasing coins on Australian $100 notes.
Dividend Investing

ASX ETF dividends: Global X reveals next payments

Own A300, ZYAU, BANK, or OZXX ETFs? Here's your next dividend.

Read more »