3 strong ASX dividend shares with yields up to 7.7%

Looking for an income boost? Here are three shares to consider.

| 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

September could be a good time to look at the income side of your portfolio.

But which ASX dividend shares could be worth considering this month?

Three shares that I think could be strong picks for passive income are listed below. Here's what you need to know about them:

Retiree using a laptop outside his house.

Image source: Getty Images

APA Group (ASX: APA)

APA Group could be an ASX dividend share to consider in September. It owns and operates a large portfolio of energy infrastructure assets across Australia.

This includes gas pipelines, processing assets, storage facilities, electricity transmission assets, and other infrastructure that helps move energy from where it is produced to where it is needed.

That gives APA Group a different profile to many other income shares. Its assets are tied to the movement of energy, which remains essential for households, businesses, and industry.

A large portion of APA Group's earnings is supported by long-term contracts and regulated assets. This can provide a level of income visibility that is attractive for dividend investors.

Energy markets are changing, but Australia will still need reliable infrastructure for a long time.

Based on current estimates, APA Group offers a FY 2027 dividend yield of approximately 5.4%.

Charter Hall Long WALE REIT (ASX: CLW)

A second ASX dividend share for income investors to look at is Charter Hall Long WALE REIT.

This real estate investment trust (REIT) owns a portfolio of properties leased to government, corporate, and major tenant customers.

As its name suggests, a key feature is its long weighted average lease expiry. That means many of its properties are leased for long periods, which can provide better visibility over future rental income.

The portfolio includes assets across areas such as government, social infrastructure, industrial, convenience retail, and other essential or mission-critical properties.

Charter Hall Long WALE REIT has not been immune to higher interest rates and property market pressure. But its long leases and quality tenant base remain attractive features for income investors.

For FY 2027, the market is expecting Charter Hall Long WALE REIT to offer a dividend yield of roughly 7.3%.

HomeCo Daily Needs REIT (ASX: HDN)

Finally, HomeCo Daily Needs REIT is an ASX dividend share to consider.

The property company owns convenience-focused assets across neighbourhood retail, large-format retail, health, and services.

These are properties linked to things people keep using. Its tenants include supermarkets, pharmacies, healthcare providers, pet stores, childcare operators, and other daily-needs businesses.

That does not make the REIT risk-free, but it does give its portfolio a practical defensive quality.

People may delay big purchases when household budgets are tight, but groceries, healthcare, medicines, and essential services remain part of everyday life.

This can help support rental income and dividends through different market conditions.

At current levels, HomeCo Daily Needs REIT is expected to offer a FY 2027 dividend yield of around 7.7%.

More on Dividend Investing

Elderly couple cosily walking together outside.
Dividend Investing

3 top ASX dividend shares to buy in September

Big yields are expected from these shares in the near term.

Read more »

Alarm clock sitting on table next to man typing on laptop
Dividend Investing

40 ASX shares with ex-dividend dates next week

They include CSL, Mineral Resources, Genesis Minerals, Perpetual, Hub24, and WiseTech shares.

Read more »

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

Top 3 ASX 200 shares that lifted their dividend this reporting season

Three big raises, can this continue?

Read more »

Woman and man at work looking at data on a tablet at work.
Dividend Investing

Own BHP, Woodside or Coles shares? Here's what investors should know

Some big-name shares could distort the market today.

Read more »

Male hands holding Australian dollar banknotes, symbolising dividends.
Dividend Investing

2 ASX passive income ideas I'd use to generate $700 a month in 2027

These businesses are strong contenders for passive income.

Read more »

Australian dollar notes in businessman pocket suit, symbolising ex dividend day.
Dividend Investing

2 ASX shares with dividend yields above 11%

ASX dividend shares are popular among passive-income seeking investors.

Read more »

Yield written on wooden blocks with a hand putting coins on top, with a plant and pen on the table.
Dividend Investing

How to earn $2,000 a month in passive income with this simple portfolio

This two ETF portfolio could lead to consistent income.

Read more »

Invest written on a notepad with Australian dollar notes and piggybank.
Dividend Investing

Why these ASX shares are worth watching closely today

A group of ASX shares could look weaker than expected today.

Read more »