ASX dividend shares are a popular way for Aussie investors to earn an easy passive income on the side of their monthly wage.
There is a huge variety of reliable dividend-paying ASX shares available. But the problem is that their yields vary wildly, and therefore so will their payouts. This makes it very difficult to work out which is the best fit for your portfolio.
On one hand you have major Australian blue-chip businesses, defensive assets like energy infrastructure or utility operators, and popular bank stocks. These typically yield somewhere between 3% and 6%.
And on the other hand you have your much riskier high-yield shares. These could be cyclical businesses that fluctuate significantly with market cycles, niche companies with strong cash conversion, or they have discounted share prices.
But if you have the stomach for this type of risk, these shares also pay out a much higher dividend to their shareholders. And some offer over 11%.
Here are two of them.
Image source: Getty Images
GQG Partners Inc (ASX: GQG)
GQG is a boutique asset management company focused on active equity portfolios. It offers investment advisory and portfolio management services for investors. Clients include pension funds, sovereign funds, wealth management companies, and individual investors.
The company is headquartered in Fort Lauderdale, Florida, but GQG also has operations in New York, Seattle, London, Sydney, and other locations.
Despite its global reach, the company is exclusively listed on the ASX.
The company is able to pay a high yield to its shareholders because it has a high payout ratio (of around 50% to 95% of distributable earnings). The business model is also capital-light and cash-generative, and its share price has fallen steeply (by around 31%) over the past year after clients withdrew funds earlier this year.
GQG also pays more regularly than a lot of other ASX dividend shares. The company has historically paid four unfranked shareholder dividends a year in March, June, September, and December.
The asset management business currently pays approximately 90% of its distributable profit to shareholders. The ASX shares are due to pay an interim dividend of 3.5 cents per unit later this month, unfranked. At the time of writing, this translates into an annualised dividend yield of around 16%.
IPH Ltd (ASX: IPH)
IPH is an intellectual property (IP) services provider. Because IP protection is a legal necessity regardless of economic cycles, the company benefits from consistent cash flow and solid earnings visibility, even when share markets are volatile.
Again, the company is able to pay a high yield to its shareholders for the same reasons: a capital-light business model, a high payout ratio, and a falling share price.
As an IP services provider, it essentially owns a group of patented and trademarked firms. This means it can generate substantial revenue without requiring physical capital.
IPH shares performed well in the first half of 2026, before declining in August amid investor concerns about weaker revenue growth.
The company also changed its dividend policy to target 70% to 90% of statutory EPS from FY27 onwards, down from the previous 80% to 90% range. The move is expected to give the company more flexibility, but investors were a little spooked.
The good news is that IPH has a long history of consistent dividend payments. The ASX dividend shares have paid regular semi-annual dividends to shareholders since 2006, increasing the payout nearly every year.
IPH is due to pay its shareholders a final dividend of 19.5 cents per share, 30% franked, later this month. At the time of writing, that implies an annualised dividend yield of around 12%.
