If you like the idea of earning an easy passive income, then ASX dividend shares are for you.
There are a huge range of ASX shares on the market which pay out dividends to shareholders every six months, or perhaps even more frequently.
But the hardest part is picking the best ones for your portfolio.
Here are two of my top high-yield ASX dividend picks. And these shares both pay a huge dividend of 10% or more.
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BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX)
YMAX is an ASX-listed exchange-traded fund (ETF) that gives its shareholders exposure to Australia's 20 largest blue-chip shares, rather than just one individual company.
I like the stock because it invests in a range of large Australian companies, which means it can provide greater diversification and reduce the risk of relying on the performance of one individual company.
This makes it a more stable option for investors looking for regular passive income, while still giving them exposure to some of Australia's biggest businesses.
The fund is heavily weighted into the financial sector, which accounts for 43.2% of its allocation at the time of writing. The materials sector is second, accounting for 24.8% of its allocation.
Elsewhere, it also invests into the consumer discretionary, consumer staples, energy, industrials, real estate, communications, and healthcare sectors.
YMAX also differs from a lot of other ASX dividend stocks because it pays its shareholders on a monthly basis.
As of the 31th of August, YMAX has a 12-month gross distribution yield of 9.5%, and a net yield of 8.1%. The total franking level is 41.4%.
The ASX dividend share is due to pay its next dividend ( 5 cents per unit) to shareholders next week. It has paid between 3.5 cents and 5 cents per share since it moved to monthly payouts in February this year.
Nine Entertainment Co. Holdings Ltd (ASX: NEC)
Nine Entertainment is another attractive passive income option. The business has a large and established position in Australia's media industry, combined with a long history of paying reliable and consistent dividends to its shareholders.
Australian media giant Nine Entertainment underwent a strategic reshape of its business in the first half of FY26. This included a broad portfolio restructure, acquisitions and asset sales, and enhancements to its digital and streaming revenue.
The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain.
The $1.4 billion Domain deal allowed Nine to reduce debt and boost its balance sheet. It also meant it was able to return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late-2025.
Just last month, the ASX company announced its FY26 results, including a 3% increase in revenue, a 17% increase in EBITDA, and a final 3 cent per share dividend for FY26.
Combined with its 4.5 cent interim unfranked dividend paid in April, the total FY26 dividend comes to 7.5 cents. At the time of writing, this translates to a dividend yield of around 9.9%.
