3 ASX dividend shares to block out the noise and lock in a yield as high as 11%

These three options could bring healthy passive income.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

History tells us that the S&P/ASX 200 Index (ASX: XJO) traditionally brings returns of anywhere from between 7% and 9%. 

However it's important to recognise this is an average, which means it's not a steady rise every single year. 

Unfortunately for ASX investors, 2026 is shaping up as a down year for the benchmark index. 

Many pundits actually predicted this back at the start of the year. 

Inflation, rising interest rates and global conflict have all weighed on sentiment. 

At the time of writing the ASX 200 is essentially flat compared to the start of 2026. 

Man putting in a coin in a coin jar with piles of coins next to it.

Image source: Getty Images

Why turn to dividend investing?

When capital gains are stagnating, dividend investing can provide investors with a valuable source of returns that is largely independent of share price movements.

Rather than relying solely on a rising market, dividend investors are paid to hold quality businesses that generate consistent cash flow and share a portion of their profits with shareholders.

This can be particularly attractive during periods of uncertainty, when market volatility makes capital growth harder to come by.

Better yet, some ASX dividend shares are currently offering yields that comfortably exceed what investors can earn from term deposits or savings accounts.

With that in mind, here are three ASX dividend shares that could help investors block out the market noise and lock in a yield of up to 11%.

Shaver Shop Group Ltd (ASX: SSG)

While Shaver Shop Group flies under the radar compared to blue-chip giants, it boasts one of the best yields on the ASX. 

The company engages in selling personal grooming products through their corporate and online stores and generates income from franchise stores. It retails various products across the oral care, hair care, massage, air treatment, and beauty categories.

The business currently offers a trailing grossed-up dividend yield of approximately 11%, including franking credits

What's even more pleasing for investors, is this has been consistent dating back to 2017. 

Centuria Office REIT (ASX: COF)

Centuria Office REIT is Australia's largest pure-play office real estate investment trust (REIT). It owns a $2.3 billion portfolio of office and commercial property assets throughout Australia.

Real estate stocks have largely struggled in 2026, and Centuria Office REIT has seen its share price fall as a result. 

However on the positive side, its expected FY26 distribution of 10.1 cents per security translates into a dividend yield of around 11%.

Fortescue Ltd (ASX: FMG)

Fortescue currently sits as one of the largest iron ore production and exploration companies in the world. 

ASX materials stocks like Fortescue have long been targeted by dividend investors for their consistent payouts. 

In good news for dividend investors, this is expected to continue in the next few years. 

This ASX dividend stock is expected to pay a yield between 4% and 5% until FY28. 

Motley Fool contributor Aaron Bell 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 Shaver Shop Group. 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

Stacks of Australian dollar currency banknotes.
Dividend Investing

Earnings season: 2 ASX income shares that just hiked their dividends

Investors just scored big dividend hikes from these stocks.

Read more »

A pink piggybank sits in a pile of autumn leaves.
Bank Shares

Buying NAB shares after the sell-off? Here's the dividend yield you'll get

NAB released its latest quarterly update this morning.

Read more »

Person handing out $100 notes, symbolising ex-dividend date.
Dividend Investing

2 ASX passive income ideas I'd use to generate $200 a month in 2027

These stocks can provide investors with good income.

Read more »

A woman has a thoughtful look on her face as she studies a fan of Australian 20 dollar bills she is holding on one hand while he rest her other hand on her chin in thought.
Dividend Investing

1 ASX dividend stock down 27% I'd buy right now

This leading ASX dividend stock could be one of the best buys right now.

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Dividend Investing

Are BHP or CBA shares a better buy for passive income?

Should I buy CBA or BHP shares for passive income?

Read more »

ETF written in white on a multi coloured background.
Dividend Investing

Why I'd buy these 2 ASX ETFs for $10,000 a year in passive income

These two ASX ETFs provide a diversified means to earning a $10,000 yearly passive income.

Read more »

Woman holding $50 and $20 notes.
Dividend Investing

8 ASX shares going ex-dividend next week

Commonwealth Bank, Resmed, and AMP are among the ASX shares with ex-dividend dates next week.

Read more »

Woman relaxing on her phone on her couch, symbolising passive income.
Dividend Investing

Why I'd buy Telstra and these ASX dividend shares for passive income

These shares offer the type of qualities I would want from passive income investments.

Read more »