But how much passive income could a $900,000 balance actually generate each month?

Let's take a look.

What passive income can I earn off my $900,000 superannuation balance?

To calculate your potential passive income, you simply need to multiply your total superannuation balance by the overall dividend yield of your portfolio.

But the catch is that the answer varies widely depending on what dividend yield you pick.

For example, $900,000 x 3% = $27,000 per year in dividend payments.

But if your portfolio has a slightly higher dividend yield of around 4%, your passive income will be higher. That's because $900,000 x 4% = $36,000 per year in dividend payments. 

If your superannuation portfolio yields closer to 5%, you could earn $45,000 every year in dividend payments off the same superannuation balance ($900,000 x 5% = $45,000).

At a 6% yield, you could earn an annual passive income of around $54,000, and at 7%, it could be even higher, at around $63,000.

And so on… 

As your dividend yield increases, the passive income you can earn from your $900,000 superannuation balance also increases.

These figures are based on cash dividends before any tax or franking credit benefits.

I want to earn around $45,000 per year in passive income off my superannuation. What ASX shares should I invest in?

To earn around $45,000 per year in passive income from a $900,000 superannuation balance, you'd need a portfolio yielding around 5%. There is a large range of good-quality ASX shares around this level. 

Here are some of my top picks.

Transurban Group (ASX: TCL), Origin Energy Ltd (ASX: ORG), Woodside Energy Group Ltd (ASX: WDS) and Harvey Norman Holdings Ltd (ASX: HVN) are all good-quality ASX shares which yield around 5% at the time of writing.

What are my options if I want to go for an even higher yield around 7% or 8%?

Again, there are several options, but you need to be aware that higher yielding ASX shares are generally associated with higher risk.

But the good news is that your passive income will be higher if you strive for this target. A 7% or 8% yielding superannuation portfolio, around $900,000 in size, can earn between $63,000 and $72,000 in passive income over the course of a year.

There are still some good options to consider too. WAM Leaders (ASX: WLE), Atlas Arteria Ltd (ASX: ALX) and Beach Energy Ltd (ASX: BPT) all yield around the 7% to 8% level at the time of writing.

Diversification is key

If you want a portfolio yielding around 5% or even 7%, it doesn't mean that every investment in that superannuation portfolio has to yield that level. It can be a combination that yields 5% or 7% overall.

And remember, you don't need to invest the whole sum in one go. Start with a monthly investment and let compounding do some of the hard work for you.

I'd look at splitting my superannuation portfolio into investments across several different yielding assets, preferably across different sectors.

This diversification strategy means that if one asset drops in value, its performance can be offset by other ASX shares, leading to a more consistent overall result.

The post How much passive income can I earn off a $900,000 superannuation balance? appeared first on The Motley Fool Australia.

There are several options out there. A blue-chip stock could yield anywhere from around 2%, up to riskier high-yield dividend shares which pay out closer to 8% or 10%. Sometimes they pay even more.

If you have the appetite for risk, high-yield shares could provide much higher returns. But only if you know where to look.

Here are two of my picks when it comes to high-yield ASX dividend shares, and they both pay a yield around 8%.

Atlas Arteria Ltd (ASX: ALX)

Atlas Arteria is a global owner, operator, and developer of toll roads, with a portfolio of five toll roads in France, Germany, and the United States. The company was created out of the reorganisation of Macquarie Infrastructure Group in 2010.

The company's main asset is a roughly 31% stake in Autoroutes Paris-Rhin-Rhone, or APRR. APRR owns concessions to toll more than 2,300 kilometres of motorways in eastern France, most ending in late 2035. The company also wholly owns the Dulles Greenway toll road in the US state of Virginia.

As a toll road operator, Atlas Arteria is a classically defensive infrastructure asset. People will continue to rely heavily on essential infrastructure regardless of what point of the economic cycle we're in. 

ASX shares like toll roads are also long-duration assets which have visible cash flows across a long period of time. They're also more reliant on contract renewals and can benefit from toll road increases. They're not only reliant on traffic growth.

Atlas Arteria typically pays its shareholders two unfranked dividends a year, in April and October, with payments dating back to 2013.

It most recently paid a 20 cent unfranked final dividend to shareholders in April, which equated to a total 40 cent dividend for the year. At the time of writing, that translates to a dividend yield of around 8.1%.

Beach Energy Ltd (ASX: BPT)

Beach Energy produces oil and natural gas from numerous joint venture projects across Australia and New Zealand. Key projects include its onshore Cooper and Eromanga Basin project, which is recognised as Australia's most prolific oil and gas-producing basin. The project accounts for a substantial slice of the company's total production. 

Founded in 1961, Beach Energy has expanded through a long series of mergers and acquisitions. It has ownership interests in strategic oil and gas infrastructure and assets, as well as a suite of exploration permits.

Unlike Atlas Arteria, Beach Energy is considered a more cyclical asset, which means the ASX shares can fluctuate depending on commodity prices and what part of the economic cycle we're in. But the benefit of a cyclical stock is that they tend to outperform during times of recovery.

Beach Energy typically pays shareholders two fully-franked dividends per year, in March and September, with payments dating back to 2005.

It most recently paid an unfranked interim dividend of 1 cent per share in March and announced a 2 cents per share final dividend earlier this month. At the time of writing, that translates to a dividend yield of around 8%.

The post 2 ASX shares with dividend yields above 8% appeared first on The Motley Fool Australia.

The only issue is that it can be difficult to work out exactly how to earn the passive income you want and which ASX 200 shares could help you get there.

Let's break it down, using an annual $10,000 passive income as an example.

What portfolio size do I need to get $10,000 per year in passive income from ASX 200 shares?

To work out how much you'd need to invest in ASX shares to earn your $10,000 per year passive income goal, you need to divide that passive income figure by the dividend yield of your overall portfolio. 

For example, $10,000 at a 3% dividend yield is roughly $333,000. This is the portfolio size you'd need to earn your desired passive income each year.

The tricky part is that the answer varies significantly depending on the dividend yield of the ASX shares you'd have in your portfolio. 

For example, a portfolio with a dividend yield of around 6% only needs to be half the size of one with a dividend yield of around 3% to generate the same level of dividend income. 

How much do I need to invest to earn $10,000 per year from a 4% yielding portfolio? And what ASX 200 shares can I choose from?

To earn the same passive income from a 4% yielding portfolio, you'd need around $250,000. That's because $10,000 ÷  4% = $250,000.

There are several ASX 200 shares that yield around 4%.

At the time of writing, QBE Insurance Group Ltd (ASX: QBE) and ANZ Group Holdings Ltd (ASX: ANZ) both pay a yield of just over 4%. As do Aurizon Holdings Ltd (ASX: AZJ) and Contact Energy Ltd (ASX: CEN).

What about if my portfolio yielded 5%? How much do I need to invest, and what ASX 200 shares can I buy?

To earn the same passive income off a 5% yielding portfolio, you'd need to invest around $200,000 ($10,000 ÷  5% = $200,000).

Again, there are several dividend-paying shares listed on the ASX 200 that yield around this level.

Energy providers Origin Ltd (ASX: ORG) and AGL Energy Ltd (ASX: AGL) yield around this level. As do Amcor Ltd (ASX: AMC), Ebos Group Ltd (ASX: EBO) and Harvey Norman Holdings Ltd (ASX: HVN).

Are there options if I want my portfolio to yield much higher at around 7% or 8%?

To earn your $10,000 passive income off a 7% or 8% yielding portfolio, you'd need to invest much less. Around $143,000 at 7% or $125,000 at 8%.

There are several ASX shares that yield around this level, but not many of them are listed at this level, let alone in the top 200. Higher yields generally come with more risk or sometimes represent a declining share price.

There are some options, though. GQG Partners Inc (ASX: GQG), Wam Leaders (ASX: WLE), Spark New Zealand Ltd (ASX: SPK), Atlas Arteria Ltd (ASX: ALX), and Beach Energy Ltd (ASX: BPT) are all ASX 200-listed shares yielding 7% or even higher.

The post These ASX 200 shares could generate $10,000 per year in passive income appeared first on The Motley Fool Australia.

One of the great things about superannuation is that you can contribute to it on a tax-effective basis while you are working to boost your nest egg.

This year, the concessional contributions cap has increased to $32,500, meaning you can contribute up to this amount and pay only 15% tax.

Keep in mind that the $32,500 level includes any contributions made by your employer.

Another easy way to boost your contributions is to salary sacrifice out of your pay, with those amounts also contributing towards the $32,500 cap.

One of the downsides of contributing extra money to superannuation is that contributions are generally tied up until you turn at least 60; however, on the upside, earnings within your superannuation are only taxed at 15%, meaning your money compounds more effectively.

Now let's look at what exactly you'd need to generate the returns we're talking about.

How much is needed in superannuation for $2,000 in weekly passive income?

This amount on a weekly basis translates to $104,000 per year, which makes the maths a bit easier.

Let's say you were earning 5% on your nest egg. This would mean you'd need to divide the yearly amount by five, then multiply by 100 to get $2.08 million, which is how much you'd need to have invested to return $2000 a week.

If you earned 10% per week, the lump sum figure would drop to $1.04 million.

I'd suggest a dividend return of 7.5% is realistic, which would need a lump sum of $1.39 million.

What high-yielding shares paying 5% to 10% could I invest in?

When it comes to income-generating stocks, steady and reliable can be a great combination.

You might not get great capital returns, but hopefully the income stays steady.

One such stock that brokers are tipping to deliver returns of better than 6% through to 2030 is Charter Hall Retail REIT (ASX: CQR).

Keep in mind that this stock does not pay franking credits, which are also a good source of income once your tax rate drops to zero.

Dexus Industria REIT (ASX: DXI) is also paying a healthy 6.8%.

Personally, I'm also a fan of the Wilson Asset Management funds, such as WAM Strategic Value Ltd (ASX: WAR), which is paying a yield of 5.9%, rising to 8.4% once franking credits are included, and WAM Active Ltd (ASX: WAA), which also recently increased its dividend and is paying out an identical yield to WAM Strategic Value.

Regal Partners Ltd (ASX: RPL) is also a good option, with broker Morgans forecasting the financial services company will pay out 8.1% for this year, followed by 6.9% and 7.8% in the following years.

Among resource stocks, Fortescue Ltd (ASX: FMG) is paying a 6.77% yield while Woodside Energy Group Ltd (ASX: WDS) is paying 5.18%, both fully franked.

Pipeline operator APA Group Ltd (ASX: APA) is paying a 5.85% yield while toll roads company Atlas Arteria Ltd (ASX: ALX) is paying a hefty 8.04%, however both of these dividends are unfranked.

Among the banks, Westpac Banking Corp (ASX: WBC) is paying 4.06% fully franked, while Bank of Queensland Ltd (ASX: BOQ) is paying 6.06% also fully franked.

This is by no means an exhaustive list of dividend stocks to consider, but consider it somewhere to start.

The post How much is needed in superannuation for $2,000 in weekly passive income? appeared first on The Motley Fool Australia.

Many Aussies think that they need to invest millions of dollars to make it worth it. But those with more experience know that you can earn a good passive income off any-sized portfolio if it's invested wisely.

But how much dividends could you actually earn?

Let's break it down, using a $400,000 portfolio as an example.

How much could I earn off a $400,000 ASX share portfolio?

To calculate your passive income, you need to multiply your total portfolio value by your dividend yield.

The tricky part is that the answer varies widely depending on your portfolio's dividend yield.

For example, $400,000 x 3% = $12,000 per year in dividend payments.

But if you double your portfolio yield to around 6%, your passive income will be double the size too. That's because $400,000 x 6% = $24,000 per year in dividend payments. 

That's some decent passive income!

Then, as your dividend yield increases, the passive income you can earn from your $400,000 portfolio also increases.  

These figures are based on cash dividends before any tax or franking credits.

Of course, this type of money isn't going to become a primary income stream, but it'll certainly help turbocharge your wealth.

Which ASX shares could earn me $12,000 per year in dividends?

To earn an annual passive income of around $12,000, your portfolio will need to yield around 3%.

A 3% dividend yield is very achievable, and there is a huge range of high-quality ASX dividend shares that pay out around that level. 

Macquarie Group Ltd (ASX: MQG), Commonwealth Bank of Australia (ASX: CBA) and BHP Group Ltd (ASX: BHP) are all stable ASX shares that yield around 3%.

What ASX shares could help me earn around $24,000 per year in dividend payments?

To earn an annual passive income of around $24,000, your portfolio will need to yield around 6%.

This is slightly higher than the index average, but there are still plenty of options available.

I'd look at ASX shares like Origin Energy Ltd (ASX: ORG), Graincorp Ltd (ASX: GNC), or Harvey Norman Holdings Ltd (ASX: HVN), which all yield around this level.

What about if I wanted to earn $28,000 per year in dividends, or even more? Is that possible?

Yes, it's possible, although your portfolio would need to average a dividend yield of 7% or higher.

There are options around this level, but remember, the higher the yield, the more risk those ASX shares have.

For ASX shares yielding around 7%, I'd look at Orora Ltd (ASX: ORA), Atlas Arteria Ltd (ASX: ALX), and Dexus Industria REIT (ASX: DXI). Abacus Group (ASX: ABG) pays a little higher, closer to 9%.

Of course, it's important to note that, ideally, you want to build a portfolio comprising a mix of different yielding shares for diversification, rather than a portfolio of just one stock.

The post How much could a $400,000 ASX share portfolio pay in dividends? appeared first on The Motley Fool Australia.

This becomes even more important as we transition into the retirement phase and can benefit from the gains to be had from franking credits, but for the purposes of this article, I'll assume the investor is a wage earner.

Look for more than just high dividends

If you filter the stocks on the ASX, it's possible to come across some that appear to be paying a remarkably high dividend yield.

I'd argue that it's best to approach these with caution, with very large yields likely to be unsustainable over the longer term.

In contrast, here are three shares that have a combination of solid dividend yields and solid business models.

The first is Regal Partners Ltd (ASX: RPL), which recently booked what broker Morgans called "another good result" for the first half, growing its funds under management, performance fees, and net profit.

Morgans said regarding the company:

Whilst difficult to forecast, we are confident RPL can continue to grow funds under mangement as performance persists and the alternative strategies reach scale. On this basis we have a BUY recommendation and $4.00 price target.

Considering the share price is $2.70 at the time of writing, that would be a healthy capital gain if that price were achieved.

But on the dividend yield front, Morgans is forecasting 8.1% for this year, followed by 6.9% and 7.8% in the following years.

In order to generate $1000 per month in dividends (the dividends are actually paid six-monthly), you'd need to own $148,148 worth of stock at the 8.1% return level.

Then there is Atlas Arteria Ltd (ASX: ALX), which is a toll roads operator.

Infrastructure companies tend to be predictable in terms of their earnings and debt obligations over the long term, and therefore their dividends can follow suit.

Broker Morgan Stanley is forecasting Atlas to pay a 7.9% return this year, with that maintained out to FY28.

At that rate, you would need to own $151,898 of the stock to generate $1000 per month – once again, this stock pays dividends half yearly.

Finally, there is the La Trobe Private Credit Fund (ASX: LF1), which does pay out month by month.

This fund aggregates loans across residential, industrial, and commercial borrowers, with 10,789 loans under management.

The fund is currently paying a return of 7.57%, meaning you would need to own $158,520 worth of the stock to generate $1000 per month.

The post I'd generate $1000 in monthly passive income using these three high-yield stocks appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• Q2 2026 proportionate toll revenue down 0.3% vs Q2 2025, excluding FX; down 8.1% on a reported basis
• APRR Group traffic down 3.9%, toll revenue down 1.4%
• A79 traffic steady, toll revenue up 3.3% to EUR 11.1 million
• Chicago Skyway traffic up 4.7%, toll revenue up 6.2% to USD 38.4 million
• Dulles Greenway traffic up 5.3%, toll revenue up 5.0% to USD 22.8 million
• New A$150 million 3-year term loan to fund US settlement and replenish cash reserves

What else do investors need to know?

Fuel prices had a notable impact on light vehicle traffic in France, especially for APRR and ADELAC, though heavy vehicle traffic remained resilient thanks to strong trade. Traffic was bolstered for Atlas Arteria's US and German assets, particularly due to roadworks that redirected vehicles onto their roads.

The group secured a new A$150 million debt facility, adding to its undrawn A$50 million working capital line. Proceeds will complete a US$100 million settlement related to the Chicago Skyway and strengthen the group's liquidity.

What did Atlas Arteria management say?

Chief Executive Officer Hugh Wehby said:

This quarter showed the benefits of our geographic and asset diversification, with solid traffic growth in the US and Germany largely offsetting challenging conditions in France. The new debt facility further supports our balance sheet and strategic flexibility as we continue to deliver value for our investors.

What's next for Atlas Arteria?

Atlas Arteria plans to focus on operational improvements to offset higher fuel prices and enhance performance across its portfolio. Continued execution of its capital management strategy and completion of planned roadworks on US highways are expected to support traffic levels.

The company will monitor macroeconomic and fuel price trends, while maintaining flexibility through its refreshed funding arrangements.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 2%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Atlas Arteria Q2 2026 earnings: Stable toll revenues, new debt facility boosts liquidity appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The IFM Takeover Offer closed on 7 July 2026, with the bidder securing 67.43% of Atlas Arteria's voting power.
• Debbie Goodin retired as Independent Non-executive Chair and Director after the offer closure.
• John Wigglesworth appointed Interim Chair of Atlas Arteria Limited and Non-executive Director of Atlas Arteria International Limited.
• Jean-Georges Malcor appointed Chair of the Audit and Risk Committee.
• The board is accelerating its search for a new independent Chair, considering both internal and external candidates.

What else do investors need to know?

The board has reaffirmed its approach to related party transactions, emphasising that any potential conflicts of interest or material transactions involving IFM will continue to be overseen by independent directors. This is in line with Atlas Arteria's established practices and existing agreements.

Atlas Arteria also operates an international portfolio, including toll road businesses in France, Germany and the United States. The company's focus remains on disciplined management and delivering long-term value for investors.

What did Atlas Arteria management say?

Interim Chair John Wigglesworth said:

We are entering a crucial period for Atlas Arteria. As we look ahead after the closure of the takeover offer, the Boards recognise the importance of focusing on optimising value for our investors. We thank Debbie for her significant contribution to Atlas Arteria over many years. Her support for a smooth transition has underscored her relentless commitment to act in the best interests of all securityholders. While the process for determining a new independent Chair of ATLAX continues, I am committed to engaging constructively with IFM.

What's next for Atlas Arteria?

The board recruitment process for a new permanent Chair is underway, with both internal and external candidates being considered. Until an appointment is made, John Wigglesworth will act as Interim Chair and work constructively with IFM and other stakeholders.

Reflecting its new ownership, Atlas Arteria will maintain strong governance practices around related party decisions and continue to focus on sustainable business practices across its international toll road assets.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have risen 1%, slightly trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 2% over the same period.

View Original Announcement

The post Atlas Arteria closes IFM takeover and begins board renewal appeared first on The Motley Fool Australia.

For investors who are looking for an income stream rather than capital gains, it pays to go with Australian-based companies that have committed to paying dividends over the medium to long term, and exchange-traded funds specifically set up to pay high dividends.

How much do you need to generate $500 per week?

So, let's look at the yields you'll need for a $500 per week return. This, of course, translates to $26,000 a year.

So, what dividend yields do stocks normally pay?

According to S&P Dow Jones, the S&P/ASX 200 Index (ASX: XJO) delivered an average trailing dividend yield of 4.15% from July 2011 to December 2024.

But this includes plenty of companies that pay low or no dividends.

I'd argue it's quite possible to aim for a portfolio that delivers a dividend yield of around 5%, while also including some companies that pay a lot more.

At a 5% yield, you'd need a portfolio worth $520,000 to deliver $500 a week.

At a 7.5% yield you'd need just $346,666.

At a 10% yield you'd need just $260,000.

While there are stocks which pay more than a 10% yield, these are few and far between, and I'd argue that those sorts of yields are likely to be unsustainable.

What ASX shares can I invest in to achieve $500 in income?

On the ETF front, the Australian Dividend Harvester Active ETF (ASX: HVST) is currently paying a yield of 5.8%, which sits firmly in the ballpark of returns targeted.

There is also the Vanguard Australian Shares High Yield ETF (ASX: VHY) which has major holdings in BHP Group Ltd (ASX: BHP), Commonwealth Bank of Australia (ASX: CBA) and Rio Tinto Ltd (ASX: RIO).

This ETF currently pays a dividend yield of 5.47%.

Another income-focused security is WAM Capital Ltd (ASX: WAM), which is currently paying a trailing dividend of 10.4%, 60% franked.

Among the miners Fortescue Ltd (ASX: FMG) pays a healthy trailing dividend of 6.37% currently, while toll roads operator Atlas Arteria Ltd (ASX: ALX) – should it survive a current takeover approach – has committed to paying a dividend of 60 cents per share, or well over 10%.

Three other companies which are currently paying out better than 5% dividends are AGL Energy Ltd (ASX: AGL), APA Group (ASX: APA), and Stockland Corporation Ltd (ASX: SGP).

Other solid companies which pay a bit less than we're after are Telstra Ltd (ASX: TLS) with a yield of 3.93% and Westpac Banking Corporation (ASX: WBC) which pays a trailing yield of 4.37%.

So as you can see, with some diversification across stocks such as these, a 5% dividend yield appears to be within reach.

The post How to get started with a portfolio delivering $500 a week in passive income appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The US District Court dismissed the Dulles Greenway 2024 rate case litigation against TRIP II.
• TRIP II is reviewing the decision and considering an appeal.
• Legislative reforms now allow for two-year toll applications and set defined timelines for regulatory decisions.
• The latest Dulles Greenway rate case, submitted in December 2025, continues as scheduled.

What else do investors need to know?

The dismissal relates directly to Atlas Arteria's Dulles Greenway asset in the US, part of its portfolio spanning France, Germany, and the United States. Earlier this year, regulatory changes were enacted in Virginia that make toll application processes faster and more predictable, which could reduce costs and improve planning for the company.

Atlas Arteria remains active in engaging with the Commonwealth of Virginia, local governments, and communities to build and maintain positive partnerships. Its approach emphasises long-term stakeholder and shareholder value through constructive engagement and disciplined management.

What's next for Atlas Arteria?

Atlas Arteria's focus is now on evaluating legal options while working within the revised regulatory environment in Virginia. The latest toll rate application process is continuing, and management says it is progressing in line with schedules.

The company has reiterated its commitment to sustainable business practices and stakeholder value, signalling ongoing dialogue with authorities and communities across its global portfolio.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have remained flat, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Atlas Arteria reacts to Dulles Greenway litigation outcome appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The takeover offer from IFM Investors has been extended by 14 days, now closing on 7 July 2026.
• Diamond Infraco 1 Pty Ltd, an IFM Investors subsidiary, has acquired voting power greater than 50% in Atlas Arteria.
• The Independent Directors are reviewing the offer and intend to release a supplementary statement before market open on 29 June 2026.
• Atlas Arteria remains committed to acting in the interests of all securityholders.

What else do investors need to know?

Atlas Arteria currently owns and operates toll road assets across France, Germany, and the United States, including key stakes in APRR, AREA, Chicago Skyway, Dulles Greenway, and Warnow Tunnel. The update on the takeover process signals a key turning point, with majority ownership now passing to the bidder.
The Independent Board Committee and International Board have authorised the announcement and are considering their next steps carefully. Ongoing communication with stakeholders will continue throughout the process.

What's next for Atlas Arteria?

Atlas Arteria's Independent Directors are preparing a supplementary Target's Statement, expected to be released before the market opens on 29 June 2026. Shareholders can expect additional guidance on the response to the IFM offer in this announcement.
Looking ahead, the company remains focused on safeguarding value for all its securityholders while ensuring continued operations across its global toll road network.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 2%, trailing the S&P/ASX 200 Index (ASX: XJO), which has risen 3% over the same period.

View Original Announcement

The post Atlas Arteria shares: IFM extends takeover offer after passing 50% voting power appeared first on The Motley Fool Australia.

For those who are targeting high dividends, it pays to keep an eye out for the stocks and funds that are paying out well, but which can still be bought cheaply on a yield basis.

I've selected three that might fit the bill. Let's have a look.

Ophir High Conviction Fund (ASX: OPH)

The Ophir High Conviction Fund only pays out a dividend once a year. The good news is it's not too late to buy in.

The ex-dividend date for the upcoming 35.17-cent-per-share dividend is June 30, so you'd have to move relatively quickly to be able to take advantage of it.

Given the Ophir share price is currently $2.86, the shares are paying a dividend yield of 12.3%.

It must be said that the shares are currently down 13.9% over a 12-month period, and are trading at a discount to the fund's net asset value of $3.18.

Ophir's top five holdings are in A2 Milk Company Ltd (ASX: A2M), MAAS Group Holdings Ltd (ASX: MGH), Mineral Resources Ltd (ASX: MIN), ResMed Inc (ASX: RMD), and SuperLoop Ltd (ASX: SLC).

Atlas Arteria Ltd (ASX: ALX)

Atlas Arteria has announced a 50% boost to its full-year dividend payout as it moves to fend off a takeover bid from Diamond Infraco.

The toll roads operator previously had a dividend target of 40 cents per share, but on Monday morning, it said in a statement to the ASX that this target would be increased to 60 cents per share.

At the company's current share price of $5.10, that equates to a full-year dividend yield of 11.8%.

The company said on Monday:

The Independent Directors now intend to target paying distributions to ALX Securityholders of at least 60.0 cents per ALX Security in the 12 months following the end of the Offer Period made up of ordinary distributions of 40.0 cents per ALX Security and additional distributions of at least 20.0 cents per ALX Security. These distributions are expected to be funded by a combination of distributions from Atlas Arteria's portfolio cash flows, proceeds from potential asset sales and, where appropriate, utilising corporate borrowing proceeds.

WAM Capital Ltd (ASX: WAM)

This fund has paid out a 7.75-cent dividend twice a year like clockwork in recent times, giving it a dividend yield of 10.1%.

Part of well-known investor Geoff Wilson's stable, the fund's portfolio has returned an annualised 14.5% return since 1999, compared with 8.5% for the S&P/ASX All Ordinaries Index (ASX: XAO).

The fund said in a recent statement that one of its top performers had been network-as-a-service provider Megaport Ltd (ASX: MP1), while telco Tuas Ltd (ASX: TUA) was a drag on the portfolio.

The post Targeting a dividend yield above 10%? Try these shares on for size appeared first on The Motley Fool Australia.

Already generous dividend increased further

The toll roads operator previously had a dividend target of 40 cents per share, but on Monday morning, it said in a statement to the ASX that this target would be increased to 60 cents per share.

The company said:

The Independent Directors now intend to target paying distributions to ALX Securityholders of at least 60.0 cents per ALX Security in the 12 months following the end of the Offer Period made up of ordinary distributions of 40.0 cents per ALX Security and additional distributions of at least 20.0 cents per ALX Security. These distributions are expected to be funded by a combination of distributions from Atlas Arteria's portfolio cash flows, proceeds from potential asset sales and, where appropriate, utilising corporate borrowing proceeds.

The offer period refers to Diamond Infraco's $5.10 per share takeover offer, which Atlas Arteria's directors are recommending shareholders reject.

Atlas Arteria said the increased dividends would likely have the effect of reducing dividends further out by 2 cents per share.

The company also said it was engaging in more discussions around asset sales.

The company said:

Atlas Arteria continues to progress initiatives to unlock value from its portfolio of world-class assets. In addition to progressing the potential divestment of the Chicago Skyway, Atlas Arteria has entered into exclusive discussions with Eiffage S.A., a leading French concession and construction group, in relation to the potential sale of Atlas Arteria's 100% stake in the Warnow Tunnel in Germany. In the event a sale to Eiffage proceeds, Atlas Arteria expects that the sale price will be consistent with the Independent Expert's range of €100m to €115m. Warnow Tunnel is the smallest asset in Atlas Arteria's portfolio, and the possible divestment will not have a material impact on the future strategy of the group.

Diamond Infraco recently said its $5.10 per share offer for the company was its best and final offer.

Shares are worth more, company says

Atlas Arteria said in its statement on Monday that, "the Offer continues to materially undervalue Atlas Arteria and does not reflect an appropriate control premium for ALX Securityholders''.

An independent expert's report has concluded that the offer is neither fair nor reasonable, and that an appropriate value for Atlas Arteria would be $5.39 to $6.20 per share.

Atlas Arteria shares were changing hands for $5.10 on Monday morning. At that price, the 60-cent per share dividend equates to a dividend yield of 11.8%.

The post How does an 11.8% dividend yield sound? appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• Diamond Infraco 1 Pty Ltd's offer price of A$5.10 per security is best and final, and will not be increased (in the absence of a competing proposal).
• The offer is now unconditional, removing all previous conditions to acceptance.
• Bidder's current voting power in Atlas Arteria stands at 38.42% as of 17 June 2026.
• Securityholders can accept the offer or sell on-market at A$5.10 per security, with settlement in T+2.
• The offer closes 7.00pm (Sydney time) on 25 June 2026 and will not be extended except if required by law.

What else do investors need to know?

The bidder has made a binding 'truth-in-takeovers' statement that it will not acquire Atlas Arteria securities at more than A$5.10 per security for at least 12 months after the offer closes, unless a competing proposal arises. Any distributions paid during this period would reduce the maximum price in subsequent acquisitions by Diamond Infraco 1 Pty Ltd.

Investors are being urged to act now, as there is no certainty Diamond Infraco 1 Pty Ltd will acquire further securities after the close, and any future acquisitions could be at lower prices. The offer window provides a liquidity option at a material premium to undisturbed prices (A$4.33 per security).

What's next for Atlas Arteria?

Looking ahead, securityholders face a decision between accepting the current cash offer or retaining exposure to the company's assets and strategies, including any future sale of Chicago Skyway. The bidder notes there is significant uncertainty over asset sales and the potential for security price weakness after the close of the offer, alongside ongoing company-specific risks.

The limited offer period closes soon on 25 June 2026. After this, the liquidity window at A$5.10 will close, and the path forward for Atlas Arteria will depend on the outcome of the bid and subsequent strategic moves.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Diamond Infraco's $5.10 offer for Atlas Arteria now unconditional appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The off-market cash takeover offer from IFM is $5.10 per Atlas Arteria security.
• The offer is 12% below the $5.79 midpoint of the Independent Expert's valuation range of $5.39 to $6.20 per security.
• Atlas Arteria reconfirmed its 2026 ordinary distribution guidance of 40.0 cents per security.
• Any net proceeds from asset sales would be returned to securityholders in addition to the ordinary distribution.

What else do investors need to know?

Atlas Arteria's Independent Directors have strongly advised securityholders to reject IFM's current offer, arguing it does not reflect a full and fair value for the business, especially in light of the company's global toll road portfolio and ongoing asset-sale process.

The company is progressing the planned sale of part or all of its 66.67% stake in the Chicago Skyway, with agreements expected to be signed in the fourth quarter of 2026. Proceeds from this and any other divestments are intended to be distributed to shareholders, representing additional value on top of existing distribution targets.

Management also noted confidence that taxes arising from the Chicago Skyway transaction are expected to be immaterial, with efficient return-of-capital arrangements under consideration.

What's next for Atlas Arteria?

Atlas Arteria is targeting continued disciplined management, with a focus on long-term value creation and sustainable returns for its investors. The company reaffirmed its planned distribution of at least 40.0 cents per security in 2026, subject to ongoing business performance and market conditions.

Beyond the current offer period, Atlas Arteria will continue strategic asset reviews and may pursue further capital returns, while upholding its governance commitments and ensuring independent majority representation on its boards.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Atlas Arteria urges shareholders to reject IFM's $5.10 takeover bid appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• Offer price increased from $4.75 to $5.10 per security
• The new offer represents a 17.8% premium to the closing price on 24 April 2026
• Bidder's voting power in Atlas Arteria now stands at 34.59%
• The offer is unconditional except for 'no prescribed occurrences'
• Bidders authorised to acquire securities on-market at or below the offer price

What else do investors need to know?

The bidder has declared the $5.10 offer "best and final" in the absence of a competing proposal, meaning it won't be raised further unless another suitor emerges. Shareholders can also choose to sell on-market for T+2 settlement terms at or above the offer price, but should be aware that brokerage fees may apply.

Diamond Infraco has highlighted that the offer gives a cash certain value now, contrasted against the risks and uncertainty of Atlas Arteria's alternative plans, such as a potential Chicago Skyway sale. The company stressed that a sale has already been under consideration for over a year, with no firm outcome.

What's next for Atlas Arteria?

The offer remains open until 7:00pm on 25 June 2026, unless extended. If accepted, shareholders who go via the offer will generally receive payment within 21 days of the offer closing, while those selling on-market settle in two business days but forfeit further participation.

Looking ahead, the next key event will be the resolution of the sole remaining offer condition (no prescribed occurrences) and the board's recommendation. Shareholders are encouraged to review all documents and consider their options.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 6%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 3% over the same period.

View Original Announcement

The post Atlas Arteria: Takeover offer lifted to $5.10 per security appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The offer period for Diamond Infraco's takeover bid has been extended to 7:00pm (Sydney time) on Thursday, 25 June 2026.
• Several regulatory and material agreement conditions of the offer have been either fulfilled or waived.
• The bid remains subject to a small number of outstanding conditions, including no market fall and restrictions on distributions and major business changes.
• The new deadline for notice of the status of conditions is now 18 June 2026.

What else do investors need to know?

Diamond Infraco's extension gives Atlas Arteria shareholders a further week to consider the bid, replacing the previous closing date of 18 June 2026. Most regulatory hurdles have now been cleared, which means the offer is closer to being unconditional.

At the time of the latest statement, only a handful of conditions remain. These largely relate to market performance and ensuring Atlas Arteria does not undertake significant changes before the offer closes. This update was formally lodged with the Australian Securities and Investments Commission on 10 June 2026.

What's next for Atlas Arteria?

The focus now shifts to whether the remaining offer conditions are satisfied or waived ahead of the extended closing date. Shareholders can expect further updates by or before 18 June 2026 regarding the status of outstanding conditions.

Looking ahead, Atlas Arteria's board and shareholders will be weighing up the merits of the revised timeline and any developments in negotiations with Diamond Infraco as the offer nears its new closing date.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 4%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 1% over the same period.

View Original Announcement

The post Atlas Arteria takeover bid extended appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The offer period for IFM's off-market takeover bid has been extended by one week, now closing at 7.00pm (Sydney) on 18 June 2026.
• Atlas Arteria maintains guidance for an ordinary distribution of 40.0 cents per security in 2026.
• The independent directors continue to recommend that securityholders reject the $4.75 and $5.10 per security offers.
• No announced increase in the bidder's voting power since extension; acceptances remain low.
• The bidder has not satisfied or waived any of the extensive conditions set out in its offer.

What else do investors need to know?

The company's second supplementary target's statement was released in response to the Fourth Supplementary Bidder's Statement from IFM. The Board states there is no urgency for securityholders to accept the bid, as IFM must give notice of its offer conditions at least seven days before closure.

Atlas Arteria confirms that the proceeds from any asset sales would be available to be returned to securityholders, in addition to its regular distribution schedule. The company encourages investors to seek independent financial advice and read all issued statements and expert reports before making decisions regarding the offer.

What's next for Atlas Arteria?

Atlas Arteria's directors restate their confidence in the company's long-term value, urging securityholders to remain patient. The company has emphasised ongoing discipline in capital management, pledging returns to securityholders through regular and special distributions as circumstances permit.

With the offer period extended, investors will have advance notice if the bid becomes unconditional. The Board will continue to keep shareholders updated as developments unfold in the takeover process.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 1% over the same period.

View Original Announcement

The post Atlas Arteria reiterates 'reject' on IFM bid, maintains 2026 distribution guidance appeared first on The Motley Fool Australia.

What did Atlas Arteria report?

• The independent directors unanimously recommend Atlas Arteria securityholders reject the $4.75 per security takeover offer from IFM.
• The Independent Expert's Report values Atlas Arteria at $5.39–$6.20 per security, higher than the current offer.
• The offer price is below Atlas Arteria's recent closing price of $5.04 (as at 1 June 2026).
• The IFM offer remains highly conditional and may extend up to 12 months.
• Bidder retains the right to increase the offer up to $5.10 within 12 months after the offer closes.

What else do investors need to know?

The Supplementary Target's Statement responds directly to IFM's Third Supplementary Bidder's Statement, reiterating that the offer is "too low, opportunistic and highly conditional". Atlas Arteria's independent directors maintain that the terms do not provide an appropriate premium for control or reflect the long-term value of its international toll road portfolio.

The Board highlights that accepting the offer now would prevent shareholders from selling on market for potentially higher prices during the lengthy offer period. Securityholders are encouraged to read the full Target's Statement and seek independent advice if considering their options.

What's next for Atlas Arteria?

Atlas Arteria's board will continue actively engaging with shareholders and monitoring developments related to IFM's bid. Investors can expect ongoing updates if circumstances change or if a revised offer is made.

The company also remains focused on disciplined management and sustainable long-term value creation through its established portfolio of toll road assets in France, Germany, and the United States.

Atlas Arteria share price snapshot

Over the past 12 months, Atlas Arteria shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 4% over the same period.

View Original Announcement

The post Atlas Arteria responds to IFM with "reject" on takeover offer appeared first on The Motley Fool Australia.

Every one of the 11 market sectors is in the red today.

Losses range from 0.03% for the ASX communications sector to 2.47% for property shares.

The world is waiting for Iran's response to a US peace plan that would end the war and reopen the Strait of Hormuz.

Meanwhile, brokers have indicated new confidence in several ASX 200 shares with rating upgrades this week.

Let's take a look.

Lottery Corporation Ltd (ASX: TLC)

The Lottery Corporation share price is $5.33, down 0.5% today.

This ASX 200 consumer discretionary share has risen 2% in the year to date (YTD).

Morgans upgraded Lottery Corporation shares from hold to accumulate yesterday.

The broker raised its 12-month price target from $5.70 to $6, suggesting 12% upside from here.

Morgans said:

The Lottery Corporation (TLC) has secured a 40-year extension of its Victorian Public Lottery Licence to 30 June 2068, paying a $1.145bn upfront premium funded entirely by debt.

The duration and timing of the renewal was a mild surprise given the licence was historically offered on 10-year terms and wasn't expiring until June 2028.

We view the deal as strategically positive, but near-term earnings absorb the cost. 

Light & Wonder Inc (ASX: LNW)

The Light & Wonder share price is $110.18, up 7.3% today.

Over the past month, this ASX 200 gaming share has fallen 13%.

Morgans upgraded Light & Wonder shares to a buy rating yesterday.

The broker shaved its 12-month price target from $140 to $138.

This implies a healthy potential 25% upside ahead.

ANZ Group Holdings Ltd (ASX: ANZ)

The ANZ share price is $36.87, down 1.3% today.

Over the past month, this ASX 200 bank share has fallen 3.8%.

Morgans upgraded ANZ shares from a sell to trim rating this week.

The broker lifted its 12-month price target by 4% to $31.85.

This suggests a potential 13% downside ahead.

After reviewing the bank's 1H FY26 results, Morgans said:

1H26 revenues were flat on an underlying basis, but cost decline and credit impairment charges were better than expected.

Target price increased 4% to $31.85/sh, given 3-6% earnings upgrades and decision to recommence neutralising the DRP.

National Australia Bank Ltd (ASX: NAB)

The NAB share price is $38.53, down 2.5% today.

Over the past month, this ASX 200 financial share has fallen 13.5%.

Morgans upgraded NAB shares from a sell to a trim rating this week.

The broker lifted its 12-month price target by 4% to $36.10.

This implies a potential 6% moderation ahead.

Morgans said 1H FY26 earnings "were a mixed bag and a touch below expectations".

Westpac Banking Corp (ASX: WBC)

The Westpac share price is $37.84, down 1.9% for multiple reasons on Friday.

Over the past month, this ASX 200 bank share has fallen 9.8%.

Morgans upgraded Westpac shares from a sell to a trim rating this week.

The broker cut its price target by 3% to $33.07, implying a 13% fall ahead.

Morgans commented on Westpac's 1H FY26 results:

Strong volume momentum but earnings leverage dissipated with margin compression and credit risk pressures.

TechnologyOne Ltd (ASX: TNE)

The TechnologyOne share price is $28.37, up 3.4% on Friday.

Over the past month, this ASX 200 tech share has fallen 3.6%.

Bell Potter upgraded TechnologyOne shares to a buy rating yesterday.

The broker raised its 12-month price target from $31 to $31.75, suggesting 12% upside ahead.

Atlas Arteria Ltd (ASX: ALX)

The Atlas Arteria share price is $4.80, down 0.1% today.

This ASX 200 industrials stock surged recently on news of a hostile takeover bid from IFM Investors.

Atlas Arteria's independent directors have recommended that investors reject the $4.75 per share offer.

Morgans upgraded Atlas Arteria shares from trim to hold this week.

The broker said:

ALX recommended its investors ignore IFM's hostile off-market takeover bid, citing the offer price as too low, the timing opportunistic, and the offer highly conditional. It also disclosed it initiated a sale process for its interest in Chicago Skyway which, if successful, could be value accretive (at least to our valuation).

While the Chicago Skyway divestment process is underway we moderate our rating from TRIM to HOLD given potential for value realisation above what we consider to be the intrinsic value of the asset and hence driving our ALX valuation up close to where the share price is currently trading.

Morgans has a share price target of $4.22 on the toll roads operator.

This suggests a 12% downside from here.

The post 7 ASX 200 shares just upgraded this week appeared first on The Motley Fool Australia.