This is great news for investors looking for a stable fund which pays a reliable income, and offers long-term growth potential.

I've previously written about monthly-paying ASX dividend stocks such as BetaShares Dividend Harvester Active ETF (ASX: HVST), Plato Income Maximiser Ltd (ASX: PL8), and Metrics Master Income Trust (ASX: MXT). They all offer a reliable monthly income at an attractive rate.

But I think the BetaShares Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX) trumps them all.

Here's why.

How does YMAX work?

The Betashares YMAX is an ASX-listed exchange-traded fund (ETF) which targets the 20 largest Australian companies listed on the ASX.

The fund uses what's called a 'covered call' strategy. This is expected to generate an income significantly exceeding the dividend yields of the underlying share portfolio over the medium term. 

It generally offers lower volatility than a direct investment in the underlying shares. It does not aim to track an index.

What does its portfolio look like?

The ASX dividend stock invests in a portfolio that provides exposure to the largest 20 blue-chip Australian shares listed on the ASX, combined with call options written on the securities in the share portfolio.

The portfolio is passively managed. This means the weighting of each security generally mirrors the weighting of the security within the Solactive Australia 20 Index.

The share portfolio also aims to generate dividends, franking credits, and capital growth. 

At the time of writing, the fund is heavily weighted into the financial sector (47%) and the materials sector (21.4%). 

And as of the 30th of April, the top two holdings in its portfolio are Commonwealth Bank of Australia (ASX: CBA) at 17.5% of the portfolio, and BHP Group Ltd (ASX: BHP) which accounts for 16%. Westpac Banking Corp (ASX: WBC) at 8%, and National Australia Bank Ltd (ASX: NAB), which around for 7.4% of the portfolio, complete the top four.

ANZ Banking Group Holdings Ltd (ASX: ANZ), Macquarie Group Ltd (ASX: MQG), Wesfarmers Ltd (ASX: WES), Woodside Energy Group Ltd (ASX: WDS), CSL Ltd (ASX: CSL) and Telstra Group Ltd (ASX: TLS) make up the remainder of the top 10 exposures in the fund.

What ASX dividends does the stock pay its shareholders?

YMAX has paid quarterly dividends to its shareholders since April 2013. But in January this year, its payment frequency was amended to monthly.

As at 30th April 2026, the YMAX ETF has a 12-month gross distribution yield of 9%. It's 12-month distribution yield is 7.6%. The total 12-month franking level is 41.2%.

The fund most recently paid a $0.047623 per unit dividend to shareholders on Monday this week. This translates to an annual distribution return of 8.26%.

The post Here's a 9% ASX dividend stock to consider for a monthly passive income appeared first on The Motley Fool Australia.

But for any investor who wants to be paid a reliable income much more frequently, there are a few ASX dividend shares that pay out to their shareholders on a monthly basis.

Here are three of my favourites.

Plato Income Maximiser Ltd (ASX: PL8)

As a listed investment company (LIC), Plato targets investors who need a dependable income stream. These are mostly income-focused investors like retirees and SMSF investors.

The company actively manages a portfolio of mature ASX-listed equities, cash, and listed futures. It mostly focuses on ASX dividend shares with strong dividend payouts, such as major banks, mining giants, and energy firms. 

Plato has consistently paid fully-franked dividends of 0.55 cents per share every month since April 2022. That equates to an annual running total of 6.6 cents per share in fully-franked passive income. This equates to a dividend yield of 4.89% at the time of writing.

Betashares Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX)

The Betashares YMAX is an ASX-listed exchange-traded fund (ETF) that targets the 20 largest Australian shares on the ASX. 

As at 31st of March, the YMAX ETF has a 12-month gross distribution yield of 10.3% and a 12-month distribution yield of 8.7%. The total 12-month franking level is 41.6%.

Its first-ever monthly dividend payment (previously the fund paid shareholders on a quarterly basis) was paid on the 17th of February, where it handed investors $0.035221 per unit. Its most recent payment was on Monday this week when it handed shareholders $0.043779 per unit.

Metrics Master Income Trust (ASX: MXT)

As a listed investment trust (LIT), the Metrics Master Income Trust holds a portfolio of corporate loans and private credit investments rather than a portfolio of other ASX dividend shares. 

This means it can give diversity-seeking investors direct exposure to the Australian corporate loan market. This is an area that is currently dominated by regulated banks. 

The Metrics Master Income Trust targets a return of the Reserve Bank cash rate plus 3.25% p.a. (net of fees) through every stage of the economic cycle. 

Its latest payout was 1.33 cents per share unfranked in March, payable next week. That means that over the past 12 months, Metrics Master Income Trust has paid out 12 dividends totalling 15.5 cents per share. At the time of writing, this gives the LIT a dividend yield of 7.93%.

The post These 3 ASX dividend shares yield 5% (or more) with monthly payouts appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Declared unfranked distribution of $0.0133 per unit for March 2026
• Ex-distribution date: 31 March 2026
• Record date: 1 April 2026
• Payment date: 10 April 2026
• Distribution relates to one month ending 31 March 2026
• Distribution Reinvestment Plan (DRP) available with no discount

What else do investors need to know?

The March distribution from Metrics Master Income Trust is entirely unfranked, in line with the trust's usual practice. Investors can opt to participate in the trust's Dividend Reinvestment Plan (DRP), which allows distributions to be reinvested into additional Metrics Master Income Trust units at the prevailing price and with no discount.

The deadline for lodging DRP election notices is 5pm on 2 April 2026. If no election is made, the default is to receive the distribution in cash.

What's next for Metrics Master Income Trust?

Metrics Master Income Trust continues to provide regular monthly distributions to unitholders, aiming to deliver a steady income stream. The trust remains focused on its strategy of lending to Australian corporates and managing risks in a diversified loan portfolio.

Investors may wish to watch for future distribution updates and consider whether DRP participation aligns with their investment goals.

Metrics Master Income Trust share price snapshot

Over the past 12 months, Metrics Master Income Trust shares have declined 3%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Metrics Master Income Trust announces March 2026 distribution appeared first on The Motley Fool Australia.

I'm always on the lookout for great ASX shares that dish out a reliable and timely payment to investors, especially if they have a dividend yield as high as 8%, or even higher.

I wrote about the high-yield Metrics Income Opportunities Trust (ASX: MOT) earlier this month. It pays a 9% dividend yield from a diversified portfolio of private credit investments.

But there's another similar stock which I think is just as good: Metrics Master Income Trust (ASX: MXT).

What does Metrics Master Income Trust do?

The Metrics Master Income Trust is a listed investment trust (LIT) which gives direct exposure to the Australian corporate loan market. This is a space currently dominated by regulated Australian banks.

Rather than owning a portfolio of ASX shares, the trust has a portfolio of corporate loans and private credit investments (an increasingly popular asset class for income-focused investors) and currently manages around $30 billion in assets.

Its goal is to provide investors a monthly cash income with reduced capital volatility. It also aims to give attractive risk-adjusted returns from a diversified portfolio and diversification into Australian corporate fixed income.

What passive income does the ASX stock pay?

Metrics Master Income Trust said it targets a return of the Reserve Bank cash rate plus 3.25% per annum through the economic cycle. This is net of around 7.10% per annum fees. Distributions are paid monthly and there is also a distribution reinvestment plan (DRP), which allows its investors to reinvest their monthly income distributions.

The Trust's latest payout in February was 1.17 cents per share, unfranked. This was paid out to investors on the 9th of March. The latest dividend means that the fund has paid 12 dividends to investors over the past 12 months totalling 15.5 cents per share. At the time of writing, this gives the trust a dividend yield of 8.12%.

At the close of the ASX on Tuesday afternoon, the passive income stock's shares are 1.6% higher for the day, at $1.91 a piece. However the shares have declined 4% over the past month, and they're now 2.8% lower than this time last year.

Despite being in the red over the past month, the trust has still outperformed the S&P/ASX 200 Index (ASX: XJO) which is down 7% over the same period. 

However, over the longer-term, the investment trust has underperformed the index. The ASX 200 is 5.65% higher than this time last year. 

The post Passive income investors: This ASX stock has an 8% yield and monthly payouts appeared first on The Motley Fool Australia.

Most ASX dividend-paying stocks pay their investors every quarter, six months or 12 months. And then there are the select few which pay dividends on a monthly-basis. 

Here are three of my favorite monthly-paying dividend superstars. And they all pay a yield over 5%.

BetaShares Australian Top 20 Equity Yield Maximiser Fund (ASX: YMAX)

The Betashares YMAX is an ASX-listed exchange-traded fund (ETF) which targets the 20 largest Australian shares on the ASX. 

It's a relative newcomer as a monthly-paying dividend stock. Since its inception in April 2013, the fund has been paying quarterly dividends to its shareholders. But effective from January 2026, it was amended to pay out on a monthly basis.

As at 30 January 2026, YMAX ETF has a 12-month gross distribution yield of 8.8% and a 12-month distribution yield of 7.4%. The total 12-month franking level is 42.7%.

Its first-ever monthly dividend payment was paid on the 17th of February, where it handed investors $0.035221 per unit. Another $0.050699 per unit dividend will be paid next week.

BetaShares Dividend Harvester Active ETF (ASX: HVST) 

HVST ETF is an ASX-listed exchange-traded fund (ETF) that gives its investors exposure to a large portfolio of up to 60 dividend-paying shares. They're drawn from the 100 largest ASX-listed companies and selected based on forecasts of high dividends and franking credits, and expected future gross dividend payments. 

The fund is created in a way that it allows it to own a dividend share until it trades ex-dividend. At this point, the fund sells the shares and reinvests the proceeds into its next passive income-generating shares.

HVST ETF pays investors a regular, franked dividend income that is around double the annual income yield of the broader ASX. As of the 30th of January 2026, its 12-month gross distribution (dividend) yield is 7.3%, and the net yield is 5.7%. The franking level is 65.7%. The fund's annual management fee and costs are 0.72%.

The fund paid out $0.06 per share to investors in late February with another $0.06 per share due to be paid next week.

Metrics Master Income Trust (ASX: MXT)

The Metrics Master Income Trust is a listed investment trust (LIT). The trust has a portfolio of corporate loans and private credit investments rather than a portfolio of other ASX dividend shares. 

This means it can give its investors direct exposure to the Australian corporate loan market, a space which is currently dominated by regulated banks. The trust targets a return of the Reserve Bank cash rate plus 3.25% p.a. (net of fees) through the economic cycle. 

Its latest payout was 1.17 cents per share unfranked in late-February and is, which is payable next week. At the time of writing, MXT ETF has a dividend yield of 7.97%.

The post 3 ASX monthly dividend stocks yielding over 5% appeared first on The Motley Fool Australia.

Generating $1,000 per month equates to $12,000 per year in dividend payments. And while it sounds ambitious, it's actually more straightforward than you'd think if you have the right portfolio of shares.

Here's the math 

There is an easy calculation to work it out, but the answer varies significantly depending on the yield of the ASX shares you're buying.

To calculate the investment you need, you can simply divide the annual income by the dividend yield.

For example, a portfolio which averages a 4% dividend yield will need a $300,000 investment in order to earn $12,000 per year (or $1,000 per month) in passive income. 

A 4% yield is typical of major Aussie banks such as ANZ Group Holdings Ltd (ASX: ANZ), Telstra Group Ltd (ASX: TLS), and some other blue chip companies.

If the yield is higher, at around 5%, you're looking at a $240,000 investment.

A 5% yield is typical of stronger-yielding blue chip companies, energy shares or even some retail businesses such as Origin Energy Ltd (ASX: ORG) and Harvey Norman Holdings Ltd (ASX: HVN).

For an average 6% yield, you'll need to commit $200,000. 

These will be your high-yield shares or real estate investment trusts (REITS). For example, Dexus (ASX: DXS) or HomeCo Daily Needs REIT (ASX: HDN).

And if you manage to create a portfolio with an average 8% dividend yield you'd only need to invest $150,000 to see the same passive income. 

But you'd need to buy much higher-risk ASX shares or income trusts like the Metrics Master Income Trust (ASX: MXT) or the BetaShares Australian Dividend Harvester ETF (ASX: HVST).

Can't I just buy shares with the highest yield so I don't need to invest as much?

You could, but it wouldn't be the wisest investment idea. It's true that an 8% yield means you need to invest less to hit your $1,000 per month passive income goal. 

But there is a catch.

Higher yields often mean higher risk. These companies might be unstable or there could be minimal dividend growth. Instead your focus should be on sustainable dividends over a long-term period, not the highest yield available today.

And the ultimate goal is diversification. A balanced and diversified portfolio can give you the best of both worlds. 

The post Passive income: How much would I need to invest in ASX shares to earn $1,000 every month? appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Declared a monthly distribution of $0.0117 per ordinary unit
• Unfranked distribution for the period ending 28 February 2026
• Ex-date set for 27 February 2026, with a record date of 2 March 2026
• Distribution payment date confirmed as 9 March 2026
• Distribution Reinvestment Plan (DRP) is available with no discount

What else do investors need to know?

The Trust's latest distribution maintains its regular monthly payment schedule, providing consistent income to unitholders. Investors can elect to reinvest their distribution through the DRP, but need to submit their election by 5:00pm on 3 March 2026 if they wish to participate.

The entire distribution is unfranked, indicating no franking credits will be attached. The DRP price will be calculated in line with the Trust's constitution and no discount will apply for this period.

What's next for Metrics Master Income Trust?

The Trust will continue its established approach of monthly distributions, aiming to provide investors with steady income. Investors considering DRP participation need to act before the stated deadline to be eligible for the March payment.

Ongoing updates to the distribution rate or Trust strategy will be communicated directly to unitholders and the market as required.

Metrics Master Income Trust share price snapshot

Over the past 12 months, Metrics Master Income Trust shares have declined 5%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period.

View Original Announcement

The post Metrics Master Income Trust reveals March 2026 unfranked distribution appeared first on The Motley Fool Australia.

The thing is, it's pretty easy to pin down good dividend-paying stocks which hand out cash to investors every six or 12 months. But finding one which pays a lot more regularly is more difficult.

The good news is that I've done the hard work for you. Here's a roundup of the top three ASX dividend stocks which pay a monthly dividend. Find out which one might work best for you.

BetaShares Dividend Harvester Active ETF (ASX: HVST) 

HVST is an ASX-listed exchange-traded fund (ETF) that gives its investors exposure to a large portfolio of up to 60 dividend-paying shares. These are drawn from the 100 largest ASX-listed companies and selected based on forecasts of high dividends and franking credits, and expected future gross dividend payments. Its portfolio is weighted towards the financial sector (24.2%), with materials accounting for another 10.7%. 

The fund is created in a way that it allows it to own a dividend share until it trades ex-dividend. At this point, the fund sells the shares and reinvests the proceeds into its next passive income-generating shares.

HVST pays investors a regular, franked dividend income that is around double the annual income yield of the broader ASX. As of the 31st December 2025, its 12-month gross distribution (dividend) yield is 7.4%, and the net yield is 5.8%. The franking level is 66%. The fund's annual management fee and costs are 0.72%.

The fund paid out $0.06 per share to investors in late January with another $0.06 per share due to be paid later this month. 

At the time of writing on Wednesday morning, HVST shares are $13.50 a piece. For the year to date, the shares have climbed 0.07%.

Plato Income Maximiser Ltd (ASX: PL8)

Plato is a  listed investment company (LIC) which targets income-focused investors like retirees and SMSF investors who need a dependable income stream. 

The ASX dividend stock holds a portfolio of mature ASX-listed equities, cash, and listed futures. It mostly focuses on Australian companies with strong dividend payouts, such as major banks, mining giants, and energy firms. Its goal is to generate a high, franked income stream for investors and to consistently deliver above-market dividends and total returns, including franking credits. 

Plato has consistently paid fully franked dividends of 0.55 cents per share every month since April 2022. That equates to an annual running total of 6.6 cents per share in full franked passive income and gives a dividend yield of around 4%.

At the time of writing on Thursday morning, Plato shares are trading at $1.46 each, down around 1% for the year-to-date.

Metrics Master Income Trust (ASX: MXT)

The Metrics Master Income Trust is a listed investment trust (LIT) which has a portfolio of corporate loans and private credit investments rather than a portfolio of other ASX dividend shares. 

This means it can give its investors direct exposure to the Australian corporate loan market, which is currently dominated by regulated banks. The LIT is able to offer diversity-seeking investors an alternative investment that prioritises income stability and pays out monthly dividends. Metrics Master Income Trust targets a return of the Reserve Bank cash rate plus 3.25% p.a. (net of fees) through the economic cycle. 

Its latest payout was 1.36 cents per share unfranked in January, which is payable next week. That means that over the past 12 months, Metrics Master Income Trust has paid out 12 dividends totalling 15.8 cents per share. At the time of writing, this gives the LIT a dividend yield of 8.16%.

At the time of writing, Metrics Master Income Trust's shares are $1.98 a piece. This is down 0.25% for the year-to-date.

The post 3 ASX dividend stocks which pay their investors every single month appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Distribution per unit: AUD 0.0136 (1.36 cents) for January 2026
• Ex-date: 30 January 2026
• Record date: 2 February 2026
• Payment date: 9 February 2026
• Distribution is 100% unfranked
• Distribution reinvestment plan (DRP) available with no discount

What else do investors need to know?

The January 2026 distribution is in line with Metrics Master Income Trust's regular monthly payments. This consistency may appeal to income-seeking investors in search of steady distributions. The announced distribution remains unfranked, so investors do not receive any franking credits on payments.

The trust's Distribution Reinvestment Plan (DRP) remains available for unitholders who prefer to reinvest their distributions rather than take cash. Participation is optional and comes with no discount. The last date to elect for the DRP for this period is 6 February 2026.

What's next for Metrics Master Income Trust?

Metrics Master Income Trust will confirm the final distribution amount on 5 February 2026, but the current estimate gives investors a clear idea of expected income. The trust continues to target predictable monthly distributions, aiming to deliver stable returns throughout changing market conditions.

Investors can expect further monthly updates. With the DRP open, some may choose to compound their investment, depending on personal financial goals.

Metrics Master Income Trust share price snapshot

Over the past 12 months, Metrics Master Income Trust shares have declined 2%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

The post Metrics Master Income Trust announces January 2026 distribution appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Monthly distribution of 1.34 cents per ordinary fully paid unit
• Unfranked distribution, with 100% unfranked component
• Ex-distribution date: 31 December 2025
• Record date: 2 January 2026
• Payment scheduled for: 9 January 2026
• Distribution Reinvestment Plan (DRP) available; election cut-off is 5 January 2026

What else do investors need to know?

This monthly payout fits with Metrics Master Income Trust's practice of providing regular income to unit holders from its portfolio of private credit assets. Investors can choose to have their distribution paid as cash or participate in the trust's DRP to reinvest the payout in additional MXT units, with no discount applied under the DRP this time.

The announced distribution is not franked, which means it does not carry any franking credits and will be taxed at the investor's marginal rate. The trust confirms the amount is estimated and will be finalised by 7 January 2026.

What's next for Metrics Master Income Trust?

Metrics Master Income Trust continues to target reliable monthly income through its diversified loan portfolio. The DRP provides an option for investors to increase their holdings automatically without brokerage fees, supporting compounding returns over time.

Looking ahead, unitholders can expect ongoing monthly distribution updates as the trust maintains its income-oriented mandate. Investors should keep an eye on future announcements for confirmed distribution amounts and any potential changes to the DRP or payout timing.

Metrics Master Income Trust share price snapshot

Over the past 12 months, Metrics Master Income Trust shares have declined 8%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 6% over the same period.

View Original Announcement

The post Metrics Master Income Trust pays January 2026 monthly distribution appeared first on The Motley Fool Australia.

As such, any investment that shortens that span to provide income every four weeks or so is automatically going to draw some attention.

There aren't too many ASX dividend stocks on our market that pay out a monthly dividend. In fact, there are only a handful. But only one seemingly offers a dividend yield of about 8% today.

That one ASX dividend stock is the Metrics Master Income Trust (ASX: MXT).

An ASX dividend stock with an 8% yield?

The Metrics Master Income Trust is a listed investment trust (LIT), which means it owns a portfolio of underlying assets that it manages on behalf of its investors.

This trust is a rather unique offering in that, instead of holding other ASX stocks, it invests in 'alternative assets'. In this case, that means a portfolio of corporate loans. These loans are domiciled in a range of sectors of the economy, including consumer discretionary, financial, and industrial companies and investments. But a majority of the Master Income Trust's loans are in real estate. These loans are mostly rated either 'BB' or 'BBB'.

The stated aims of this trust are to provide income certainty to investors, alongside relatively low capital volatility and risk of permanent capital loss.

But let's talk about dividends.

As we've already touched on, this LIT's dividend distributions are paid out 12 times a year. Over the past 12 months, investors have received a total of 15.52 cents per unit. The latest of these payouts comes out today, as it happens – a December dividend worth 1.24 cents per unit.

At the current Metrics Master Income Trust unit price of $1.92, these payouts give this ASX dividend stock a trailing yield of 8.08%.

Is the Metrics Master Trust a buy for income?

Before yield-hungry investors rush out to buy this ASX dividend stock for income, they should take note of a few things.

Firstly, due to this investment's nature, its payouts don't usually come with franking credits attached.

Secondly, private credit investments are not stocks, and don't behave in the same way. They are incredibly sensitive to interest rates, for one. For another, they can be highly unpredictable in hard economic times.

And private credit investments don't offer the same kinds of growth and compounding potential as stocks do.

To illustrate, Metrics Master Income Trust units haven't really gone anywhere since listing back in 2017. Today, you can buy the Trust's units for a lower price than what was available for most of 2018. Investors are down about 7.7% over just 2025.

As such, that big dividend yield is probably all you are going to get from this dividend stock. That might suit some investors just fine. But others who might want to get the best bang for their buck, perhaps not.

The post The 8% dividend stock that pays cash every month appeared first on The Motley Fool Australia.

Finding a dividend stock that pays out money every month is a lot harder to pin down.

I've written before about how the BetaShares Dividend Harvester Active ETF (ASX: HVST) is a great monthly-paying stock. It has a decent upside, too. Even the Plato Income Maximiser Ltd (ASX: PL8) and its regular payments are an ASX investor's dream.

But there is also another monthly-paying dividend stock I have my eye on right now.

Metrics Master Income Trust (ASX: MXT)

The Metrics Master Income Trust is a listed investment trust (LIT). It doesn't invest in a portfolio of other ASX dividend shares, but instead it has a portfolio of corporate loans and private credit investments. 

This means it is able to give its investors the advantage of direct exposure to the Australian corporate loan market. This is a space currently dominated by Australia's regulated banks. The LIT is able to offer diversity-seeking investors an alternative investment that prioritises income stability and pays out dividends on a monthly basis.

What does the ASX dividend stock pay out?

Metrics Master Income Trust targets a return of the Reserve Bank cash rate plus 3.25% p.a. (net of fees) through the economic cycle. Distributions are paid monthly, although there is also a distribution reinvestment plan (DRP), which allows unit holders to reinvest monthly income distributions.

The ASX dividend stock's latest payout was 1.27 cents per share in October, paid on 10 November. That means that over the past 12 months, the Metrics Master Income Trust has paid out 12 dividends that total 16 cents per share (unfranked). At the time of writing, this gives the LIT a dividend yield of 8.03%.

Its next ex-dividend date is tomorrow, 28th November, where it plans to hand out 1.24 cents per share, payable on the 8th of December. 

At the time of writing, in Thursday lunchtime trade, the Metrics Master Income Trust's shares are 0.38% higher at $1.9625 a piece. Over the past month, the shares have climbed 1.13% but they're still 6.12% lower than this time last year.

The LIT's annual decline means it has underperformed the S&P/ASX 200 Index (ASX: XJO). Over the same 12-month period, the ASX 200 Index has risen 2.74%, at the time of writing.

The post This 8% ASX dividend stock pays cash every single month appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Estimated monthly distribution: 1.27 cents per unit, unfranked
• Ex-date: 31 October 2025
• Record date: 3 November 2025
• Payment date: 10 November 2025
• Distribution Reinvestment Plan (DRP) available, with no discount
• Applies to the ordinary (fully paid) units

What else do investors need to know?

The October distribution is unfranked and forms part of Metrics Master Income Trust 's regular monthly payments to its investors. The estimated amount is scheduled for final confirmation on 6 November 2025.

Unitholders can opt into the Distribution Reinvestment Plan (DRP) to receive additional Metrics Master Income Trust units instead of cash, with elections due by 5pm on 4 November 2025.

Unless notified, the default option is a direct cash payment to your nominated account.

What's next for Metrics Master Income Trust?

Metrics Master Income Trust continues its strategy of delivering monthly income distributions to unitholders, prioritising stable returns through its diversified portfolio. The trust's ability to provide consistent income might appeal to yield-focused investors in the months ahead.

Investors may wish to monitor upcoming distribution announcements and the finalisation of October's actual payout on 6 November 2025.

Metrics Master Income Trust share price snapshot

Metrics Master Income Trust shares have declined 6% over the past 12 months, underperforming the S&P/ASX 200 Index (ASX: XJO) which has risen 10% over the same period.

View Original Announcement

The post Metrics Master Income Trust declares October 2025 distribution appeared first on The Motley Fool Australia.

What did Metrics Master Income Trust report?

• Monthly distribution declared: 1.26 cents per unit (unfranked)
• Ex-date: 30 September 2025
• Record date: 1 October 2025
• Payment date: 9 October 2025
• Distribution Reinvestment Plan (DRP) is available with no discount
• Distribution relates to the period ending 30 September 2025

What else do investors need to know?

This monthly distribution remains fully unfranked, consistent with previous payments by the Trust. Eligible unitholders can opt to have their distributions reinvested through the DRP, with the election deadline set for 5pm on 2 October 2025.

The DRP price will be calculated according to the Trust's constitution. If no action is taken, payment will be made in cash as the default option.

What's next for Metrics Master Income Trust?

Metrics Master Income Trust intends to maintain its regular monthly distributions to investors. The Trust remains focused on generating stable income through its diversified portfolio of Australian private debt assets.

Investors will receive the next update on distributions with the following monthly announcement and details about any changes to the DRP or trust performance.

Metrics Master Income Trust share price snapshot

Metrics Master Income Trust has declined 4% over the past year, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 8% over the same period.

View Original Announcement

The post ASX 200 financials stock with a 7.7% yield announces September distribution appeared first on The Motley Fool Australia.

Allow me to introduce you to the Metrics Master Income Trust (ASX: MXT).

Let's get LIT

MXT is a Listed Investment Trust ('LIT'). Similar to a managed fund, an LIT takes the money it raises from its shareholders (or, in this case, 'unitholders') and invests it in a pool of assets. An LIT could invest its money in all sorts of different asset classes, from local and international shares to property, commodities, and fixed-income securities.

However, unlike most traditional investment funds, it trades on a stock market (like the ASX). This means investors can buy and sell units in the LIT just like shares in a company. So, there's no lengthy application process or minimum investment requirements (as is often the case with unlisted managed funds).

What does the Metrics Master Income Trust do?

MXT invests in fixed-income securities. As the name suggests, these are assets where the timing and amount of the repayments are fixed and known in advance. Think government and corporate bonds – or even a term deposit held with a bank.

When you purchase one of these securities, you know exactly how much interest you will be paid (and when), and you'll also know the amount you'll be repaid when the investment matures.

This is in contrast to shares, which aren't obliged to pay you a dividend, and can vary wildly in price. This is one key reason why fixed-income investments are generally considered lower risk than stocks.

What sort of things does MXT invest in?

MXT is quite unique because it provides investors with direct exposure to the corporate lending market. The Trust takes the money it raises from investors and lends it to large corporates operating across a range of industries. The goal is for its lending portfolio to earn a return that beats the Reserve Bank of Australia (RBA)'s annual cash rate by at least 3.25%.

MXT is a great option for investors seeking to diversify their portfolios. The corporate lending market is usually reserved only for the major banks, and MXT provides direct exposure to these returns right here on the ASX.

As of its 31 December 2024 half-year report, MXT held a little over $2.1 billion in financial assets and raked in a little over $88 million in total investment income.

How much does MXT return as dividends?

Over the past year, MXT has paid out 12 dividends (one, as promised, every single month), worth a total of 16.03 cents per share. At current prices, this gives it a trailing dividend yield of close to 8.3%.

Based on this performance, a $10,000 investment in MXT could earn you over $800 a year. And, if you make use of the Trust's dividend reinvestment plan, you could grow your wealth even faster by harnessing the magic of compound returns.

Are there other ASX stocks that pay monthly dividends?

Surprisingly, yes!

Two other options for investors seeking monthly income are the BetaShares Dividend Harvester Active ETF (ASX: HVST) and Plato Income Maximiser Ltd (ASX: PL8). Unlike MXT, these offer investors exposure to dividend-paying ASX stocks, but they still both come with juicy dividend yields.

The post An 8 percent dividend stock paying cash every month appeared first on The Motley Fool Australia.

Although rarer, it's not uncommon to see ASX dividend shares on our markets that fork out dividend payments every three months too. Quarterly dividend payers that you might know include Rural Funds Group (ASX: RFF) and the Vanguard Australian Shares Index ETF (ASX: VAS).

But monthly dividend payers? They're almost as rare as hen's teeth on the ASX.

Almost.

There are only a handful of investments on the ASX that pay out dividends to their investors 12 times a year.

Let's discuss three of them today.

3 ASX dividend shares that pay cash monthly

Metrics Master Income Trust (ASX: MXT)

The Metrics Master Income Trust is a listed investment trust (LIT). It invests not in a portfolio of other ASX dividend shares, but in a portfolio of corporate loans and private credit investments. This could offer investors seeking some diversity of income an alternative investment that prioritises income stability and pays monthly dividends.

Over the past 12 months, the Metrics Master Income Trust has paid out 12 dividends that total 16.03 cents per share (unfranked). This gives this LIT a trailing yield of 7.93% at current pricing. Overall, investors have enjoyed an average return of 6.29% per annum from this investment over the past five years (as of 28 February).

BetaShares Dividend Harvester Active ETF (ASX: HVST)

Now, we turn to an ASX exchange-traded fund (ETF). As an ETF, HVST is not a dividend share in itself, but an investment that represents a portfolio of underlying dividend shares. This portfolio is constructed in a way that allows the fund to own a dividend share until it trades ex-dividend. After this happens, the share is sold in order to fund the purchase of the fund's next dividend share. This process is known as 'dividend harvesting'.

Some of HVST's current holdings include Woodside Energy Group Ltd (ASX: WDS), Westpac Banking Corp (ASX: WBC), and Aristocrat Leisure Ltd (ASX: ALL).

As you might have guessed, this ASX ETF pays out a dividend every single month. Over the past 12 months, HVST's dividend total has come to 85.5 cents per unit, giving this ETF a trailing yield of 6.51% at current pricing. Investors have enjoyed an average return of 8.01% per annum since this ETF's inception in 2022 (as of 28 February).

Plato Income Maximiser Ltd (ASX: PL8)

Finally, we have a listed investment company (LIC) to dive into with Plato Income Maximiser. Unlike the other investments on this list, Plato is a bona fide company, as well as an ASX dividend share. Like most LICs, it holds a portfolio of underlying investments, which it manages on behalf of its shareholders.

This portfolio consists of ASX dividend shares selected for their income-paying prowess. It includes heavy hitters like Westpac, CBA, and BHP, as well as other income stocks like Ampol Ltd (ASX: ALD), Super Retail Group Ltd (ASX: SUL), and Yancoal Australia Ltd (ASX: YAL).

The monthly dividends that Plato has forked out over the past 12 months amount to a total of 6.6 cents per share. All 12 of these payments came with full franking credits attached, too. This gives Plato shares a trailing yield of 5.16% today. Since this LIC's inception in 2017, investors have banked an average return of 9.8% per annum (as of 28 February).

The post Monthly dividend leaders: 3 ASX shares paying cash every 30 days appeared first on The Motley Fool Australia.

Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), Telstra Group Ltd (ASX: TLS), Woolworths Group Ltd (ASX: WOW)… all of these companies dole out their dividends twice a year like clockwork.

How common are monthly ASX dividend shares?

There are some ASX investments that do depart from this schedule though. Although far less common, there are a number of ASX dividend shares that fund quarterly dividend payments. Receiving a dividend every three months is actually the norm in many overseas markets, including the United Kingdom and the United States.

But here on the ASX, the shares that tend to opt for quarterly dividends are either exchange-traded funds (ETFs) or shares that are internationally domiciled and have CHESS depository interest (CDI) listings on the ASX. Two prominent examples that come to mind are ResMed Inc (ASX: RMD) and Coronado Global Resources Inc (ASX: CRN).

However, there is one more class of ASX dividend shares that is even rarer still – those that pay out monthly dividends. Of course, receiving a paycheque 12 times a year may sound appealing. But there are but a handful of ASX shares that follow this path. Earlier this month, we discussed one. Today, we'll dive into another.

Metrics Master Income Trust (ASX: MXT) is a listed investment trust (LIT). However, unlike most other LITs, ETFs and listed investment companies (LICs) on the ASX, The Metrics Master Income Trust doesn't invest in a portfolio of other ASX shares, or international shares for that matter.

Instead, it offers investors exposure to fixed-income assets, private credit, and capital market and corporate loan investments.

According to the trust's latest monthly update (covering October 2023), the largest components of the Metrics Master Income Trust's portfolio include real estate investment trusts (REITs), real estate management and development, and hotels, restaurants and leisure.

Building a monthly income payer

In terms of credit quality, this ASX dividend share's portfolio, as of 31 October, was made up of 47% BBB-rated investments, and 41% BB investments. A further 11% consisted of sub-BB assets, with the remaining 1% invested in A or AA assets. It's worth pointing out that any asset rated BBB or above is considered 'investment grade. Whereas any asset rated BB or below is considered sub-investment grade.

It's from the proceeds of these investments that Metrics Master Income Trust funds its monthly dividend distribution payments. Over the 12 months to 31 October, Metrics Master Income Trust has paid out a total of 17.56 cents per share in unfranked dividends (the dividends from this LIT don't usually come franked due to its nature). At the current unit price of $2.04, this gives the Trust a trailing dividend distribution yield of 8.61%.

Looking at this ASX dividend share's history of paying out income, it appears that its ability to fund dividend distributions is quite dependent on interest rates. That's not surprising for an investment that focuses on loans and private credit. For example, 2020 saw the Trust pay out a total of 9.98 cents per unit in dividend distributions. But 2023 so far has had 14.93 cents per unit doled out so far. And that's with another two months to go.

The Metrics Master Income Trust targets a return of 3.25% over the current Reserve Bank of Australia cash rate. Its net return (as of 31 October) has been 9.12% over one year, and an average of 6.21% per annum over the past three years. That gets down to an average of 5.9% per annum over the past five.

The post This 8% ASX dividend share pays cash every month appeared first on The Motley Fool Australia.

Sound too good to be true? Believe it or not, such stocks do exist. 

Metrics Income Opportunities Trust (ASX: MOT) and Metrics Master Income Trust (ASX: MXT) have exactly the attributes just mentioned.

They are investment trusts that pay out distributions every month, at 9.38% and 9.08% dividend yield respectively.

The Master Income Trust has been on the ASX since October 2017. Its share price has not varied much from just above $2, save for two short downward spikes during the COVID-19 crash and June 2022.

The Opportunities Trust has been publicly traded from May 2019, and has also consistently kept its price just north of $2.

Protect your capital and rake in 9% income. There has to be a catch, right?

One curious investor asked this very question to Shaw and Partners portfolio manager James Gerrish:

'Delivering consistent monthly income'

Gerrish admitted that his income fund had actually held Master Income Trust but had recently sold.

"Both funds have performed well and have been true to their mandate, delivering consistent monthly income," he said on a Market Matters Q&A.

"We have not considered MOT for many of the same reasons as why we sold MXT."

The trouble with these two shares, for Gerrish's team, is the lack of information on the nature of investments held.

"Investors have low visibility on the positions held within the trust and performance is yet to truly be tested in periods of economic distress. 

"MOT also looks to earn capital gains out of debt, banking on improving credit quality or credit spreads, while having a high-performance fee rate if it beats the hurdle which further adds to the risk the trust takes on"

He did acknowledge that Metrics are "great managers" with "a strong track record".

"But we prefer to hold more transparent positions."

The post 9%+ yield: Time to buy these 2 ASX dividend shares for awesome MONTHLY income? appeared first on The Motley Fool Australia.