The hardest part is picking the best ones for your portfolio.

Here are three of my favorite high-yield ASX dividend shares. And they all pay a huge dividend of 9% or more.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Australian media giant Nine Entertainment underwent a strategic reshape of its business in the first half of FY26. This included a broad portfolio restructure, acquisitions and asset sales, and enhancements to its digital and streaming revenue.

The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain. 

The $1.4 billion Domain deal allowed Nine to reduce debt and boost its balance sheet. It also meant it was able to return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late-2025. 

Nine's most recent dividend payment was 4.5 cents per share, unfranked, in April. 

The ASX dividend company is expected to pay 9 cents per share for FY26. This translates to a forward dividend yield of around 9.6% at the current share price of 94 cents a piece, at the time of writing.

IPH Ltd (ASX: IPH)

IPH provides intellectual property (IP) services through a network of global brands. The group operates across ten jurisdictions in 25 countries, making it the largest IP services provider in the Asia-Pacific region. Its services cover everything from patent filing and trademarks to prosecution, portfolio management, and enforcement. A significant share of its revenue comes from the Asia-Pacific market.

The ASX dividend company consistently generates a strong cash flow from its operations. The company reported cash conversion of 101% in its first-half FY26 results.

It is this strong cash flow that has enabled the company to pay a reliable, and constantly growing, dividend payment to its shareholders.

IPH's most recent interim dividend payment was 10 cents per share in March, up 11.8% on the prior period. 

The ASX is expected to pay a fully-franked dividend of 38 cents per share in FY26. This translates to a forward dividend yield of 9.09% at IPH's $4.18 share price, at the time of writing.

BetaShares Australian Top 20 Equities Yield Maximiser Complex ETF (ASX: YMAX)

YMAX is a little different from the others. Rather than a straight ASX company, it is an ASX-listed exchange-traded fund (ETF) that gives its shareholders exposure to Australia's 20 largest blue-chip shares. 

The fund is heavily weighted into the financial sector, which accounts for 44.8% of its allocation at the time of writing. The materials sector is second, accounting for 24.5% of its allocation.

YMAX also differs from the two ASX dividend stocks above because it pays its shareholders on a monthly basis.

As of the 29th of May, YMAX ETF has a 12-month gross distribution yield of 9.7%, and a net yield of 8.2%. The total franking level of 41.3%.

The ASX dividend share's most recent dividend was a 4 cents per unit payment to shareholders today, 17th of June. It has paid between 3.5 cents and 5 cents per share since it moved to monthly payouts in February this year.

The post 3 ASX dividend shares yielding 9% (or even more) appeared first on The Motley Fool Australia.

After all, if you own shares that are likely to fall in value, your portfolio returns could suffer.

With that in mind, let's look at three ASX shares that analysts have named as sells this week, courtesy of The Bull. Here's what they are bearish on:

Lotus Resources Ltd (ASX: LOT)

EnviroInvest has named uranium producer Lotus Resources as a sell this week.

It was disappointed with the company's quarterly update, which revealed that it is facing several operational challenges. It commented:

This uranium producer is advancing the Kayelekera mine in Malawi and the Letlhakane project in Botswana. Uranium plays an important role in reducing global emissions and it's encouraging the Kayelekera mine is moving towards steady-state production. However, the latest quarterly report highlighted several operational challenges, including lower-than-expected recoveries, re-agent shortages and the withdrawal of previously reported grade and recovery figures while reconciliation processes are reviewed.

The company remains well funded and believes these issues are manageable. Even so, in our view, operational uncertainty during a critical production ramp-up phase increases risk and warrants a more cautious approach.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The team at DP Wealth Advisory has named entertainment company Nine Entertainment as a sell this week.

It feels that higher interest rates in a slowing economy make for a challenging environment. It explains:

This TV, newspaper publishing and streaming company has restructured its asset portfolio. It completed the sale of Nine Radio on April 30 and acquired QMS Media on March 31. The prospect of higher interest rates in a slowing economy present challenges, making it difficult to identify sufficient catalysts for meaningful growth.

In our view, there remains a structural shift away from free-to-air television towards streaming services and video on demand, but this is only partially addressed through NEC's 9Now and Stan platforms in a fiercely competitive environment.

PEXA Group Ltd (ASX: PXA)

DP Wealth Advisory has also named property settlements technology company PEXA as a sell this week.

It believes the proposed changes to capital gains tax and negative gearing could have a negative impact on the property market. It said:

PEXA is a digital property exchange business operating in Australia and more recently the UK. Australian property transaction volumes grew by 7 per cent in the third quarter of 2026, but moderated in the UK from the first half. In our view, recent proposed changes to capital gains tax and negative gearing are likely to have a cooling impact on the Australian property market. Investors may want to consider cashing in some gains and see what unfolds in the Australian and UK property markets.

The post Experts name 3 ASX shares to sell this week appeared first on The Motley Fool Australia.

What did Vicinity Centres report?

• Chairman Trevor Gerber to retire after eleven years of service, effective 28 October 2026 AGM
• Patrick Allaway appointed as Non-executive Director and Chairman-elect from 15 June 2026
• Gerber led the company through a multi-year investment and repositioning strategy
• No financial or dividend updates were included in this announcement

What else do investors need to know?

Vicinity Centres highlighted the significant contribution of Trevor Gerber, noting his leadership through the COVID-19 pandemic and during a period of strategic refocus toward premium retail assets. The company credits Gerber for leaving the business well-positioned, with a clear strategy and robust financial footing.

Patrick Allaway joins the board with over 30 years' experience across financial and capital markets, and a strong background in corporate advisory. He brings industry expertise from previous roles at major listed businesses such as Bank of Queensland Ltd (ASX: BOQ) and Nine Entertainment Co. Holdings Ltd (ASX: NEC)

What's next for Vicinity Centres?

Following this leadership transition, the company says it will continue its focus on delivering sustained income and value growth through its premium retail asset strategy. Incoming Chairman Patrick Allaway highlighted his intention to work closely with the board and executive team to build on current momentum and further position Vicinity as a leader in the sector.

The brokerage's forward focus appears to be on maintaining asset quality, disciplined management, and continuing to create value for securityholders as the new chairperson takes over.

Vicinity Centres share price snapshot

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

View Original Announcement

The post Vicinity Centres: Chairman Trevor Gerber announces 2026 retirement appeared first on The Motley Fool Australia.

Let's start the new week with some fresh ratings on three ASX 200 shares.

BHP Group Ltd (ASX: BHP)

BHP shares finished last week at $62.93 apiece, up 38% YTD. 

Elio D'Amato from EnviroInvest has a hold rating on this ASX 200 mining share. 

D'Amato said (courtesy The Bull): 

This diversified miner produces iron ore, copper and other commodities critical to global economic growth. It remains a core holding in many portfolios due to its scale, balance sheet strength and ability to generate significant cash flow through commodity cycles.

However, in my view, recent news reports highlighting delays to decarbonisation initiatives and a reduced emphasis on environmental objectives are disappointing.

Copper and potash projects still provide exposure to the energy transition, but the environmental investment case is less compelling than it was several years ago.

Nine Entertainment Co Holdings Ltd (ASX: NEC)

The Nine Entertainment share price closed at 91 cents on Friday, down 18% YTD.

Andrew Wielandt from DP Wealth Advisory has a sell rating on this ASX 200 communications share. 

Wielandt commented: 

This TV, newspaper publishing and streaming company has restructured its asset portfolio. It completed the sale of Nine Radio on April 30 and acquired QMS Media on March 31.

The prospect of higher interest rates in a slowing economy present challenges, making it difficult to identify sufficient catalysts for meaningful growth.

In our view, there remains a structural shift away from free-to-air television towards streaming services and video on demand, but this in only partially addressed through NEC's 9Now and Stan platforms in a fiercely competitive environment.

Wesfarmers Ltd (ASX: WES)

The Wesfarmers share price closed at $86.47 on Friday, up 5.8% YTD.

Andrew Wielandt from DP Wealth Advisory has a hold rating on this ASX 200 consumer discretionary share. 

Wielandt said: 

The company's operations span across a diversified industrial portfolio, including retail, fertilisers, chemicals and more recently healthcare. However, the market is cautious about a slowing domestic economy under pressure from rising interest rates.

A proposed change in taxation treatment for capital gains may slow the property market.

Wesfarmers is one of the biggest employers in Australia, so a minimum 4.75 per cent wage increase for employees from July 1, 2026 may also weigh on the minds of investors.

The post Buy, hold, sell: Nine Entertainment, Wesfarmers, BHP shares appeared first on The Motley Fool Australia.

I've had a look at the research reports coming out of Macquarie and have selected three companies which the broker's analyst team predicts will continue to pay strong dividend yields for the next couple of years at least.

Not surprisingly, one is an infrastructure company, but the other two might be from less obvious sectors for steady payouts.

Let's have a look what they're saying.

APA Group (ASX: APA)

This company is a gas pipeline operator, and hence its revenues and returns tend to be fairly stable over time.

Macquarie said in its recent research note on the company that APA has highlighted that it expects further opportunities as coal exits the energy market, and from increasing demand from data centres.

The broker also highlights the fact that the Federal Government's gas reservation policy creates incentives for companies to develop new gas fields.

The Macquarie team said:

For APA the policy also includes an expectation the exporters 'are pursuing commercial arrangements to overcome any infrastructure constraints that may otherwise prevent them supplying'. This should provide support for more pipeline investment medium term.

Macquarie's share price target on the company is $10.41, which is only slightly higher than the $10.13 price at the time of writing, but the broker is predicting a dividend yield of 5.7% this year, rising to 5.9% by 2028.

EBOS Group Ltd (ASX: EBO)

This company is, in its own words, "the largest and most diversified Australasian marketer, wholesaler and distributor of healthcare, medical and pharmaceutical products".

Macquarie actually has a very bullish price target on the stock in addition to the dividend yield which has brought it into this list.   

EBOS in April downgraded its FY26 underlying EBITDA guidance to $610 to $620 million, down from a previous range of $615 to $635 million, due to higher fuel and energy costs.

Macquarie said on the positive side of the ledger, a new First Pharmaceutical Wholesaler Agreement has been struck with the Federal Government, which will benefit EBOS' Symbion division.

Macquarie has a price target of NZ$36.44 on the stock compared with NZ$19.60 at the time of writing.

The broker is forecasting a dividend yield of 5.9% for this year, rising to 6.9% by 2028.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The Macquarie team said in their research note on Nine that they believed the advertising market could be approaching a cyclical low point, "with early signs of improved business confidence".

Macquarie added:

Assuming inflation does not materially worsen versus expectations, we are optimistic on an improving ad market in FY27.

The Macquarie analysts also noted that a new agreement requiring digital platforms to pay for news is likely to be struck in early FY27, which could also be a benefit for Nine, which owns titles such as the Australian Financial Review and The Age.

Macquarie has a price target of $1.05 on the shares, compared with 93.5 cents at the time of writing, and is predicting a dividend yield of 6.4% this year, rising to 8% in 2028.

The post These 3 ASX shares will deliver better than 5% dividend yields, Macquarie says appeared first on The Motley Fool Australia.

That's a positive move for a stock that has struggled recently. Nine shares are still down around 14% year to date and have fallen roughly 35% over the past 12 months. The ASX media stock is significantly underperforming the S&P/ASX 200 Index (ASX: XJO), which is up about 7% over the same period.

So, what's behind today's lift?

Improving momentum, revenue growth

The gain follows the release of Nine's third-quarter update. The ASX media stock revealed improving momentum across several parts of the business, particularly in digital and streaming.

For the three months, group revenue from Total Television grew in the low single digits, while audiences rose 8% across total viewers and 10% in the key 25–54 demographic. That suggests Nine is continuing to strengthen its reach, even in a challenging advertising environment.

One of the standout performers was Nine Publishing. Digital subscription revenue jumped 15% during the quarter. It extended its run of double-digit growth into the fourth quarter. This reflects ongoing demand for premium digital content and the company's shift toward subscription-led models.

Streaming platform Stan also delivered strong results, reporting further EBITDA growth in the second half and maintaining the positive momentum seen earlier in the year.

Completed QMS Media acquisition

Another key development was the completion of Nine's acquisition of QMS Media. The deal marks a significant step in Nine's push to diversify beyond traditional media and expand its presence in digital and outdoor advertising.

QMS Media reported revenue growth of around 15% in the third quarter, supported by new contract wins in major markets such as Sydney and Auckland. The business is expected to provide higher-margin revenue streams and strengthen Nine's overall earnings mix over time.

The update also highlighted early progress in integrating QMS into Nine's broader platform. Management of the ASX media stock is focused on unlocking synergies and expanding its cross-channel advertising capabilities.

Soft advertising market

Despite these positives, the broader advertising backdrop remains soft. Market conditions are expected to stay challenging heading into the fourth quarter. Economic uncertainty and the absence of the boost seen during last year's federal election cycle will affect the results.

However, the ASX media stock is continuing to focus on cost control, targeting meaningful reductions in television expenses while still investing in content and technology.

The company is also exploring new revenue streams. Nine is looking at licensing content for corporate AI applications and preparing for potential regulatory changes tied to digital news monetisation.

Foolish Takeaway

Overall, Nine's latest update suggests its strategic shift toward digital, streaming, and higher-margin segments is starting to gain traction.

While the ASX media stock still faces headwinds, today's share price rise indicates investors are encouraged by signs of progress, particularly as Nine builds out a more diversified and digitally focused media business.

The post Why is this battered ASX media stock jumping higher today? appeared first on The Motley Fool Australia.

What did Nine Entertainment report?

• Q3 FY26 Group revenue grew in the low single digits for Total Television, with audiences up 8% (Total People) and 10% (age 25–54) year-on-year.
• QMS Media's Q3 revenue rose approximately 15% on the prior year, supported by key contract wins in Sydney and Auckland.
• Nine Publishing digital subscription revenue increased 15% in Q3, extending double-digit momentum into Q4.
• Stan achieved further strong EBITDA growth in the second half, sustaining positive momentum from H1.
• On a continuing basis, Total Television costs in FY26 are expected to fall by mid- to high single digits compared to FY25.
• The sale of Nine Radio completed on 30 April 2026; NBN and Nine Darwin restructures are expected by 30 June, pending approvals.

What else do investors need to know?

Nine's strategic repositioning is gathering pace, with M&A activity expanding its digital and outdoor media footprint. The integration of QMS Media is expected to bring high-margin growth and diversify Nine's revenue base, particularly through contract wins in metro areas.

Advertising market conditions remain challenging, especially moving into Q4, influenced by broader economic uncertainty and the absence of last year's Federal election boost. However, Nine remains on track with cost discipline, targeting notable reductions in Total Television expenses despite inflation and continued investment in content and technology.

Nine Publishing is progressing with new commercial models, including licensing content for corporate AI applications. The company is also preparing for regulatory changes affecting digital content deals like the upcoming Government News Bargaining Incentive.

What did Nine Entertainment management say?

Chief Executive Officer Matt Stanton said:

Nine is successfully executing a strategic pivot toward a high-growth, digital-first portfolio, punctuated by the QMS Media acquisition and the sale of Nine Radio. While the broader advertising market faces a 'short' and uncertain Q4, core operational performance remains resilient. Total Television continues to deliver market-leading audience growth in key demographics, Stan is sustaining its strong EBITDA growth trajectory and Publishing is recording further double-digit digital subscription revenue gains alongside emerging AI licensing opportunities. By continuing to manage the cost base — now expecting FY26 Total TV costs to decline in the mid-to-high single digits — and integrating the high-margin revenue from QMS, Nine is balancing disciplined capital management with a clear strategy to drive long-term shareholder value through premium content and unique data.

What's next for Nine Entertainment?

Nine will focus on fully integrating QMS Media and maximising the benefits of its enhanced digital, streaming, and outdoor media offerings. Management is optimistic about growing high-margin digital revenues and pursuing adjacent opportunities, including retail media and AI-powered content deals.

With its restructured portfolio leaning into growth engines like subscription streaming and premium digital publishing, Nine aims to deliver ongoing cost efficiencies and expand its cross-platform content reach. The outcome of regulatory processes and shareholder approvals in Q4 FY26 will also shape near-term strategic priorities.

Nine Entertainment share price snapshot

Over the past 12 months, Nine Entertainment shares have declined 36%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 7% over the same period.

View Original Announcement

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The good news is, the latest sharemarket volatility means that some good-quality income stocks are now offering very attractive dividend payments. 

Here are three which have caught my eye.

IPH Ltd (ASX: IPH)

IPH provides intellectual property (IP) services through a network of global brands. The group is the largest IP services provider in the Asia-Pacific region and covers everything from patent filing and trademarks to prosecution, portfolio management, and enforcement. 

The ASX dividend company consistently generates a strong cash flow from its operations, and this helps it pay a reliable (and growing) dividend to its shareholders. 

IPH has historically paid two partially or fully franked dividends a year, in March and September.

It most recently paid an interim dividend of 19 cents per share with 20% franking. The company is expected to pay fully-franked dividends of 38 cents per share in FY26. At the time of writing, that translates to a forward dividend yield of 10.7%.

Spark New Zealand Ltd (ASX: SPK)

Spark is a New Zealand telecommunications and digital technology services company. It is one of three large integrated telecommunications groups in New Zealand and was formally called Telecom New Zealand. It's also one of New Zealand's largest listed companies and is listed on the ASX.

Its defensive nature means Spark is able to pay two unfranked shareholder dividends a year, in April and October, which it has done consistently since 2013.

Its latest interim dividend payment was 8 cents per unit, unfranked. The telco is expected to pay an unfranked total dividend payment of 17 cents per share later this year. This translates to a forward dividend yield of 9.98%, at the time of writing.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Media giant Nine Entertainment underwent a strategic reshape of its business during the first half of FY26, including a broad portfolio restructure, involving acquisitions and asset sales.

The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain. 

The $1.4 billion Domain deal allowed Nine to reduce debt, boost its balance sheet, and return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late 2025. 

The company typically pays its shareholders two fully-franked dividend payments per year, in April and October. Nine's most recent interim dividend payment was for 4.5 cents per share, unfranked. The company is expected to pay a total 9 cent per unit dividend for FY26. At the time of writing, this translates to a forward dividend yield of 9.09%.

The post 3 high-yield ASX dividend shares paying 9% (or more) appeared first on The Motley Fool Australia.

But is the sector a write-off, or is there still opportunity for investors?

What's happening in the sector?

Advertising revenue has become increasingly unstable across the sector. Advertising is often one of the first budgets to be cut in challenging business climates. So, with the current economic uncertainty and rising interest rates, it's a difficult time to rely on these revenue streams.

In addition, businesses are pivoting away from traditional advertising formats towards user-generated content and influencer collaborations.

While there is some hope of a recovery in advertising spend later in the year, we're not likely to ever see a return to the golden age of media. So, the focus has to shift to more future-proofed income streams. For the big players, this requires them to think less like complex media businesses and more like streamlined content platforms, data houses, and subscription services.

Nine Entertainment Co Holdings Ltd (ASX: NEC): The Diversification Play

Nine's diversified revenue streams include broadcasting (Nine Network), streaming (Stan), newspapers (AFR, SMH, The Age), and digital outdoor advertising, with the recent acquisition of QMS Media.

This diversification gives it less reliance on advertising revenue alone, so investing in Nine isn't a total turnaround play that involves simply betting on advertising recovery. But it isn't a compelling digital growth story either — at least not yet.

It is, however, well positioned to benefit from a simple stabilisation of advertising spend, as its diversification means it won't rely on a full rebound.

Some analysts are assigning a moderate buy rating to the entertainment share, which closed at $0.95 on Wednesday, down from a 52-week high of $1.90.

For me, Nine presents a lower risk than many other ASX media shares. But it also offers the least potential reward, in my opinion. If a full recovery of advertising spend does eventuate, it doesn't stand to benefit to the same degree as some of its competitors, but it does offer some downside protection in its diversification.

News Corporation (ASX: NWS): The Asset-Backed Play

While advertising remains an important revenue stream for this media giant, it is not the core driver of investor value for News Corp. Its portfolio includes a stable of newspapers, subscription services (Foxtel), marketplaces (a majority stake in REA Group Ltd (ASX: REA)), and book publishing (Harper Collins).

Of course, like all media players, News Corp's traditional media operations face significant headwinds as print continues its structural weakening. And its subscriptions don't seem to be growing at a pace that can offset a continued decline in advertising revenue.

That said, its diversified portfolio provides News Corp with insulation against dips in advertising revenue cycles and significant asset backing. REA Group gives it exposure to Australia's buoyant, if temporarily softened, property market, while Harper Collins offers a solid, cash-generating performer.

The News Corp share price is down by about 14% over the last 12 months, and some analysts consider it a buy at the current price. In my opinion, News Corp represents the most defensive option of the ASX media shares, as an asset-heavy media business with a strong balance sheet and limited potential upside.

Southern Cross Media Group Ltd (ASX: SXL): The Higher Risk/Reward Play

Southern Cross Media Group is probably the most exposed to advertising revenue among these ASX media shares, so its share price may be more reliant on an advertising bounce-back.  

In H1 2026, its first results following its merger with Seven West Media, saw a 1.5% revenue drop and 16.5% drop in net profit after tax as the advertising crunch began to bite. The share price has dropped around 9% over the last year, closing at $0.61 on Wednesday, up from a 52-week low of $0.52.

However, the merger has created a multi-platform media opportunity, including radio (SCA, Triple M), television (Channel 7), newspapers (The West Australian), and digital publishing (LiSTNR). And this should give it broad appeal for advertisers as it is now able to reach around 95% of Australians. So, if we see advertising bounce back later in the year, there may be a reward for patient investors. 

It's almost definitely a higher risk play. But at the current share price, it could offer decent upside. For me, it is the one with the most opportunity for growth, if, of course, you believe an advertising recovery is on the cards.

The post Is there still opportunity in ASX media shares? appeared first on The Motley Fool Australia.

The question is, how do you work out what to invest to get the passive income you want.

It's actually more straightforward than you'd think.

For example, let's assume you want to earn $1,000 in passive income every month by investing in ASX shares.

That totals $12,000 per year in dividend payments.

The easy way to work out the investment you need is to divide your annual passive income by the dividend yield.

The tricky part is that the answer varies widely depending on the dividend yield of the ASX shares you'd be buying. 

How much you'd need depending on the ASX share's dividend yield

Here's a breakdown of how much you can expect to invest depending on the dividend yield of the shares.

The average dividend yield on the Australian share market is traditionally around 4%. These are usually blue chip companies and major heavyweights which are considered low-risk but long-growth. For example, major banks like National Australia Bank Ltd (ASX: NAB) and defensive stocks like Telstra Group Ltd (ASX: TLS).

An investor would need to invest $300,000 into shares with a 4% dividend yield in order to earn a passive income of $1,000 per month (or $12,000 per year).

If the yield is higher, at around 6%, you're looking at a $200,000 investment. These are typically companies with a stronger cash flow, which operate in more cyclical industries, which comes with additional risk. For example, ASX infrastructure shares such as APA Group (ASX: APA) or energy companies like Origin Energy Ltd (ASX: ORG).

Then there's high-yielding companies, which come with even greater risk, and are usually highly cyclical. ASX shares like intellectual property (IP) services company IPH Ltd (ASX: IPH) and media giant Nine Entertainment Co. Holdings Ltd (ASX: NEC) yield around 10%, or even more. You'd only need to invest $120,000 in order to earn $1,000 in passive income.

The catch…

While it can be tempting to buy the shares with the highest yield with the view of lowering the initial investment amount, it's not usually a wise financial decision.

As I mentioned above, the higher the yield, the higher the level of risk. Rather than fast short-term growth, your focus should always be on earning a sustainable passive income over a long period of time.

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

The analyst team at Macquarie took the opportunity to run the ruler over the company following the deal being bedded down, and has a bullish stock price on Nine Entertainment shares, which we'll get to later. Firstly, what did Nine buy?

Major new business division

Nine said, on announcing the deal in January, that:

QMS is a leading digital outdoor media platform with operations in Australia and New Zealand. With a footprint concentrated in metro areas, QMS adds a digitally focused and growing media platform that complements Nine's existing media assets, whilst also benefiting from being part of the broader Nine Group.

They also noted that the outdoor advertising category had been a "standout performer" in the Australian advertising market, growing by about 9% annually from 2014 through to 2025, and expanding its share of the market from 10% to 18% over that period.

QMS itself was also estimated to have grown its share of the market from about 10% in 2019 to about 15% in 2025, Nine said, "through a combination of high-profile tender wins, new site builds and digitisation of billboards".

Nine said this week that it expects the acquisition of QMS to hit the bottom line immediately.

The company said:

Nine continues to expect QMS to contribute $92m of EBITDA in FY26 on a pro forma … basis (inclusive of outdoor lease expenses). Inclusive of full run-rate cost synergies of $20m, and adjusted for current interest rates, this equates to mid single digit earnings per share accretion. Following completion, Nine's digital growth assets (Stan, 9Now, digital mastheads and Outdoor) are estimated to contribute more than 60% of Group revenue in FY27, up from approximately 45% in FY25.

Nine Chief Executive Officer Matt Stanton said it was a "defining moment'' for Nine.

QMS is a high-growth, digitally-led business that complements our existing premium content and data capabilities. With the addition of QMS, we can offer advertisers an unparalleled cross-platform reach, while diversifying our revenue streams towards structural growth areas. Now the acquisition is complete, we are finalising the alignment of the Nine and QMS go to market sales strategies which will allow clients to capitalise on this powerful combination.

Nine Entertainment shares looking cheap

The Macquarie team said following the QMS acquisition, that Nine "should be better placed to deliver more consistent growth, although broadcast challenges need to be tamed with cost-out''.

Macquarie has a price target of  $1.15 per share on Nine shares, compared with 97 cents currently.

Nine is also expected to pay a dividend yield of 6.3% this year. The company is valued at $1.51 billion.

The post After a big acquisition what are Nine Entertainment shares worth? appeared first on The Motley Fool Australia.

The problem is working out how to narrow it down to the ones that suit your portfolio best.

Here are three high-yield ASX dividend shares that could offer a great passive income.

Atlas Arteria (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 defensive-style asset benefits from long-term, predictable, and recurring cash flow, enabling it to pay consistently high dividends to shareholders.

Atlas is due to pay its second-half FY25 dividend to investors next month. It will pay 20 cents per security, unfranked, which equates to a trailing 9.1% dividend yield using the $4.355 share price at the time of writing. 

IPH Ltd (ASX: IPH)

IPH provides intellectual property (IP) services through a network of global brands. The group operates across ten jurisdictions in 25 countries, making it the largest IP services provider in the Asia-Pacific region. Its services cover everything from patent filing and trademarks to prosecution, portfolio management, and enforcement. A significant share of its revenue comes from the Asia-Pacific market.

The ASX dividend company consistently generates a strong cash flow from its operations. The company reported cash conversion of 101% in its first-half FY26 results.

It is this strong cash flow that has enabled the company to be an established, reliable dividend payer. It also gradually increases its dividend over time.

IPH paid an interim dividend of 10 cents per share yesterday, up 11.8% on the prior period. The company is expected to pay fully-franked dividends of 38 cents per share in FY26, translating to a dividend yield of 11.7% at IPH's $3.245 share price at the time of writing.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

Media giant Nine Entertainment underwent a strategic reshape of its business during the first half of FY26. The shift included a broad portfolio restructure involving acquisitions and asset sales, enhancing its digital and streaming revenue.

The ASX dividend company acquired QMS Media, sold Nine Radio, and restructured its NBN and Darwin TV operations. It also sold its controlling stake in property platform Domain. 

The $1.4 billion Domain deal allowed Nine to reduce debt, boost its balance sheet, and return roughly $777 million (paying a special dividend at a rate of 49 cents per share) to investors in late 2025. 

Nine is due to pay investors an unfranked interim dividend of 4.5 cents per share next month. The company is expected to pay 9 cents per share for the full year, which translates to a dividend yield of 9.88% at its current share price of 89.5 cents a piece.

The post 3 ASX dividend shares yielding 9% (or more) appeared first on The Motley Fool Australia.

Here are five ASX stable dividend shares I think are a great opportunity for passive-income-seeking investors, all paying yields between 6% and 10%.

APA Group (ASX: APA)

APA is one of the most stable income stocks listed on the ASX. The energy infrastructure business is well-known for paying strong, consistent dividends, with revenue derived from long-term contracted infrastructure assets. The company paid an interim dividend of 27.5 cents in the first half of FY26 and is guiding a full-year dividend of 58 cents per share. Its current dividend yield is 6.23%, partially franked.

Inghams Group Ltd (ASX: ING)

Food producer Inghams is a reasonably stable income stock. As a customer staple company with steady demand, its dividends are linked directly to food prices. And as everyone needs to eat, it's a business that is relatively defensive. In the first half of FY26, Inghams paid a fully-franked interim dividend of 4 cents per share, down from 11 cents previously. Its yield is pretty high, though, at 9.36%.

Fortescue Ltd (ASX: FMG)

The miner's stock is historically volatile because it closely tracks changes in iron ore prices. The material's price is expected to remain relatively stable through 2026, but gradually decline through to 2030 as supply increases. But Fortescue is a low-cost producer, which means it can remain profitable even when prices fall, though its dividends may fluctuate. The ASX dividend stock paid investors 62 cents per share for the first half of FY26. Broker UBS predicts that Fortescue could pay an annual dividend per share of $1.22.  Fortescue's current dividend yield is 6.23%, fully franked.

New Hope Corporation (ASX: NHC)

The thermal coal miner's shares have climbed over 21% in the past 12 months as improving coal prices and strong production figures boosted investor confidence. New Hope paid 15 cents per share in October. At current levels, the miner is offering a dividend yield of roughly 6.75%, fully franked. 

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

The media giant underwent a strategic reshape of its business during the first half of FY26. It acquired QMS Media, sold Nine Radio, restructured its NBN and Darwin TV operations, and sold its controlling stake in property platform Domain. The deal allowed Nine to reduce debt, boost its balance sheet, and return roughly $777 million to investors. Nine is due to pay investors an interim dividend of 4.5 cents per share, unfranked, next month. The company is expected to pay 9 cents per share for the full year. Its current dividend yield is 7.54%.

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Will the market be able to bounce back from this on Monday? Here are five things to watch:

ASX 200 expected to sink

The Australian share market looks set for a disappointing start to the week following declines on Wall Street on Friday. According to the latest SPI futures, the ASX 200 is expected to open the day 156 points or 1.75% lower. In the United States, the Dow Jones was down 0.95%, the S&P 500 dropped 1.3%, and the Nasdaq tumbled 1.6%.

Oil prices surge

It could be a very positive start to the week for ASX 200 energy shares Santos Ltd (ASX: STO) and Woodside Energy Group Ltd (ASX: WDS) after oil prices surged on Friday night. According to Bloomberg, the WTI crude oil price was up 12.2% to US$90.90 a barrel and the Brent crude oil price was up 8.5% to US$92.69 a barrel. This meant that oil futures rallied 35% for the week, which is the biggest gain in futures trading history.

ASX 200 shares going ex-div

A couple of ASX 200 shares are going ex-dividend this morning and could trade lower. These are entertainment giant Nine Entertainment Co Holdings Ltd (ASX: NEC) and private hospital operator Ramsay Health Care Ltd (ASX: RHC). The latter will be paying its shareholders a fully franked 42.5 cents per share interim dividend later this month on 26 March.

Gold price rises

ASX 200 gold shares Newmont Corporation (ASX: NEM) and Northern Star Resources Ltd (ASX: NST) could have a good start to the week after the gold price pushed higher on Friday night. According to CNBC, the gold futures price was up 1.6% to US$5,158.7 an ounce. The precious metal rose after US economic data wasn't supportive of rate hikes.

ASX 200 rebalance

S&P Dow Jones Indices has announced changes in the S&P/ASX Indices, effective prior to the open of trade on March 23 following its quarterly review. Catapult Sports Ltd (ASX: CAT), DigiCo Infrastructure REIT (ASX: DGT), and EBOS Group Ltd (ASX: EBO) shares are being dumped from the index. Replacing them will be Predictive Discovery Ltd (ASX: PDI), SRG Global Ltd (ASX: SRG), and Vulcan Energy Resources Ltd (ASX: VUL).

The post 5 things to watch on the ASX 200 on Monday appeared first on The Motley Fool Australia.

For you to be entitled to a stock's next dividend, you must own it before its ex-dividend date.

Here are some of the ASX shares going ex-dividend next week.

ASX shares with ex-dividend dates next week

The post 32 ASX shares about to go ex-dividend appeared first on The Motley Fool Australia.

The market took a breather yesterday to assess the impact of the US and Israel attack on Iran, with energy the only sector to rise.

Meanwhile, the following three ASX 200 shares hit new 52-week lows yesterday.

Are they a buying opportunity?

Let's ask the experts.

3 ASX 200 shares at 52-week lows

Sigma Healthcare Ltd (ASX: SIG)

This ASX 200 healthcare share fell to a 52-week low of $2.70 on Tuesday.

The stock has come off by 7.5% after reaching heady levels last year due to the Chemist Warehouse merger.

Morgans thinks Sigma Healthcare shares are still worth buying, but cautiously.

The broker downgraded its rating from buy to accumulate after going through Sigma's 1H FY26 report.

In a note, Morgans said:

SIG posted a solid 1H26, which was in line with consensus.

The highlights included solid CW LFL sales growth (up 15%), revenue growth higher than cost growth by 4.5%, and synergy targets on track.

We move to an ACCUMULATE (was Buy) due to YTD share price strength.

Morgans reduced its 12-month price target from $3.39 to $3.36.

Reliance Worldwide Corp Ltd (ASX: RWC)

The Reliance Worldwide share price fell to a 52-week low of $3.13 on Tuesday.

The ASX 200 industrial share has pulled back 35% over the past 12 months.

Morgans maintained a hold rating on the stock after reviewing the company's 1H FY26 report.

The broker commented:

RWC's 1H26 result was below expectations, impacted by ongoing subdued housing conditions in all regions and higher costs, particularly in relation to US tariffs.

Management anticipates trading conditions in 2H26 to remain broadly consistent with 1H26, albeit US tariff mitigation strategies and the roll-off of some costs should see an uplift in margins.

Longer term, RWC aims to reduce its exposure to copper price volatility by substituting copper with alternative materials such as plastic and stainless steel.

The company's new operations in Poland and Mexico will also help lower costs and provide manufacturing flexibility.

Morgans said it prefers "to wait for clearer signs of an improvement in housing conditions before reconsidering our view".

The broker slashed its 12-month price target from $4.50 to $3.65.

Nine Entertainment Co. Holdings Ltd (ASX: NEC)

This ASX 200 communications share fell to a 52-week low of 99 cents yesterday.

That's a 40% fall over 12 months.

Following the media giant's 1H FY26 report, Morgan Stanley reiterated its buy rating on Nine Entertainment shares with a $1.40 target.

UBS kept its hold rating on the stock and lowered its price target from $1.22 to $1.13.

The post 3 ASX 200 shares at 52-week lows: Buy, hold, or sell? appeared first on The Motley Fool Australia.

Despite revenue softness in broadcast television, investors appeared encouraged by profit growth, margin expansion and improving balance sheet strength following the sale of Domain.

What did Nine report?

On a continuing business basis, Nine reported revenue of $1.06 billion for the six months to 31 December 2025, down 5% on the prior corresponding period.

However, Group EBITDA before specific items rose 6% to $192 million, with the EBITDA margin expanding from 16% to 18%. Net profit after tax (before specific items) increased 30% to $95 million, while statutory net profit rose 42% to $81 million.

Earnings per share lifted 30% to 6.0 cents. The board declared an interim dividend of 4.5 cents per share, unfranked.

Nine ended the half in a net cash position of $158 million following the Domain disposal, a significant shift from prior leverage.

What else do investors need to know?

The standout performer was Stan.

Stan revenue increased 15% to $282.7 million, underpinned by strong subscriber growth and a 6% lift in average revenue per user (ARPU). Paying subscribers are now around 2.4 million. Importantly, average Stan Sport subscribers rose 40% year-on-year, driven primarily by the addition of the English Premier League and FA Cup rights.

Stan EBITDA rose 24% to $36.6 million, even as sport-related costs increased due to the new Premier League contract.

In contrast, Total Television revenue fell 14% against a strong Olympic comparison and a soft advertising market. However, disciplined cost management meant Total TV EBITDA was broadly flat at $99 million, with margins improving.

Publishing delivered stable EBITDA of $73.7 million. Digital subscription revenue grew 17%, with total subscribers exceeding 516,000 and ARPU up 14%, more than offsetting print declines.

Across the group, around $43 million of cost efficiencies were delivered during the half, with approximately $32 million ongoing.

What did management say?

CEO Matt Stanton said the result reflected strong audience reach, growing subscription revenue and disciplined cost management despite macro uncertainty.

He highlighted strategic progress including the announced acquisition of outdoor media business QMS and the sale of Nine Radio, positioning Nine toward higher-growth digital assets.

What's next for Nine?

Nine expects Total TV revenue in the third quarter to be broadly flat against a strong prior-year comparator. Strong EBITDA growth is expected to continue at Stan, with subscription growth anticipated to more than offset higher sport costs.

With digital and subscription businesses now driving a growing share of earnings, investors appear to be backing Nine's strategic pivot toward streaming, publishing and outdoor growth platforms.

The post Nine shares jump 4% as Stan and Premier League power profit growth appeared first on The Motley Fool Australia.

What did Nine Entertainment report?

• Group revenue (continuing operations): $1.06 billion, down 5% on the prior year
• Group EBITDA (continuing operations): $192 million, up 6% on H1 FY25
• Net Profit After Tax (NPAT, continuing operations): $95 million, up 30%
• Statutory net profit: $81 million, up 42% on pcp
• Interim dividend: 4.5 cents per share, unfranked, payable 23 April 2026
• Underlying subscription revenues grew 13% and group EBITDA margin improved from 16.2% to 18.2%

What else do investors need to know?

Nine delivered its second consecutive half of EBITDA growth, despite a subdued advertising market, as streaming service Stan and the group's mastheads led the way. The company executed significant cost reduction, delivering about $43 million in efficiencies during the half, with $32 million of these savings expected to continue.

Strategic reshaping of the business saw Nine announce the acquisition of QMS Media and the sale of Nine Radio. The restructuring of its NBN and Darwin TV operations as affiliates will bring in additional proceeds and tax benefits, supporting the shift to a more digital, scalable business. The Domain sale generated cash used for a special dividend and strengthened Nine's balance sheet, leaving the group in a net cash position of $158 million at period end.

What did Nine Entertainment management say?

CEO Matt Stanton said:

Nine's second consecutive half of EBITDA growth was achieved against the backdrop of a soft advertising market – with growth from Stan, the metro mastheads and the AFR, as well as a resilient result from Total TV. Our business continues to be defined by strong audience reach and engagement, coupled with disciplined cost management.

Over the past six months, there have been material strategic and operational achievements that will cement Nine's path for the future.

These transactions will create a higher-growth, digitally powered and resilient Nine Group for our consumers, advertisers, people and shareholders. This positions Nine well for the future, enabling the Group to withstand industry disruption and deliver long-term sustainable value to our shareholders. The strategic transformation represents a step change in Nine's asset portfolio, with digital growth businesses expected to account for 60% of revenue from FY27, up from 45% in FY25.

What's next for Nine Entertainment?

Looking ahead, Nine expects to complete the QMS Media acquisition and finalise recent divestments by mid-2026, pending approvals. The company is forecasting ongoing audience and subscriber growth in its digital and streaming businesses, with cost discipline and selective investment in technology and content across all divisions.

Total Television revenues for Q3 FY26 are expected to hold steady, with ongoing cost-cutting initiatives offsetting inflationary pressures. The business remains focused on shifting further toward digital growth, aiming for 60% of group revenue from digital sources by FY27. Investment in data capabilities and content is aimed at supporting Nine's future earnings and connecting more deeply with audiences and advertisers.

Nine Entertainment share price snapshot

Over the past 12 months, the Nine Entertainment shares have declined 35%, trailing the S&P/ASX 200 Index (ASX: XJO) which has risen 9% over the same period. 

View Original Announcement

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Both News Corporation (ASX: NWS) and Nine Entertainment Co Holdings Ltd (ASX: NEC) shares have lost about 30% of their value in the past 6 months.

With the ASX media shares well below their highs, is this a buying opportunity, or are tougher times still ahead?

News Corp

News Corp remains one of the world's most influential media companies. The heavyweight ASX media share owns mastheads such as The Wall Street Journal and The Australian, alongside book publisher HarperCollins and digital platforms like Dow Jones.

The company's strength lies in its premium content and subscription-led model. Paid digital news and data services have helped insulate News Corp from the worst of the advertising downturn.

Last week, the company reported net income of US$242 million, down 21% on the prior corresponding quarter, which had been boosted by a one-off gain from REA Group's sale of PropertyGuru.

Total segment EBITDA rose 9% to US$521 million, though this included a US$16 million one-off inventory write-down at HarperCollins.

But weaknesses persist. Traditional print remains in structural decline, and the business is still exposed to cyclical advertising markets. News Corp also faces ongoing reputational, regulatory scrutiny, and past political and governance controversies.

The ASX media share trades at $37.26 apiece at the time of writing, having lost 27% of its value in the past 6 months. Most analysts see this as a good entry level and rate News Corp as a buy. Their average 12-month price target is $54.07, which implies a 43% upside.  

Analysts at Macquarie said News Corp's latest results beat expectations across revenue, EBITDA, and net profit, while profitability had continued to improve. The broker has a price target of $44.40 on the shares. Factoring in the company's modest dividend yield, Macquarie is expecting a total shareholder return of 16.4% over 12 months.

UBS is more bullish on News Corp shares, with a price target of $65.50, pointing to a 75% upside.

Nine Entertainment

The ASX media share has been under heavy pressure for much of the past year, sliding around 32% in the past 6 months. Slowing TV advertising, structural shifts in media consumption, and capital management concerns have weighed on the sentiment of the Nine Entertainment share.

Despite cost discipline and occasional earnings resilience, Nine's share price remained anchored well below its highs. It reflects deep caution toward traditional broadcasters. The business remains heavily exposed to free-to-air television, a segment under pressure from softer advertising markets.

That caution cracked when the ASX media stock unveiled plans to acquire QMS Media for roughly $850 million while exiting radio and reshaping its regional television footprint.

QMS is expected to generate about $105 million in EBITDA in calendar year 2026, which would be a double-digit increase over the previous year, Nine said. The merger should also deliver about $20 million in annual cost savings by FY29, according to the board of Nine Entertainment.

The market responded swiftly, pushing the ASX share higher as investors reassessed the company's direction. The share price recovered slightly and is now up 4% for the year, hovering just above the 52-week low at $1.15 at the time of writing.

The focus now shifts to execution. Nine must stabilise earnings from traditional media while accelerating growth across digital assets such as Stan.

Most brokers continue to rate the ASX media stock a buy following its sharp decline. The average 12-month price target sits at $1.29, suggesting potential upside of about 11%.

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The media group's shares posted their strongest jump in months. It followed a decisive portfolio shake-up built around a major acquisition and a clean break from legacy assets.

The ASX media stock gained another 6.55% on Monday to finish the day at $1.22. Nine Entertainment is still 29% down over the last 6 months, though, trailing the S&P/ASX 200 Index (ASX: XJO), which is up 1.33% over the same period.

Slowing advertising, capital concerns

The ASX media stock has been under heavy pressure for much of the past year, sliding around 30% from mid-2025 levels. Slowing TV advertising, structural shifts in media consumption, and capital management concerns have weighed on sentiment of the Nine Entertainment share.

Despite cost discipline and occasional earnings resilience, Nine's share price remained anchored well below its highs, reflecting deep caution toward traditional broadcasters.

That caution cracked when the ASX media stock unveiled plans to acquire QMS Media for roughly $850 million while exiting radio and reshaping its regional television footprint. QMS is expected to generate about $105 million in EBITDA in calendar year 2026, which would be a double-digit increase over the previous year, Nine said.

The merger should also deliver about $20 million in annual cost savings by FY29, according to the board of Nine Entertainment.

The market responded swiftly, pushing the stock sharply higher as investors reassessed the company's direction.

Clear shift outdoor advertising

The QMS deal signals a clear pivot away from legacy broadcasting toward a broader, digitally driven advertising platform. Outdoor advertising — one of the faster-growing segments of the ad market — adds scale and diversification to Nine's existing TV, streaming, and publishing assets.

Nine Entertainment thinks the takeover strengthens its "sofa-to-street" reach. Management of the ASX media stock expects digital-led businesses to generate more than 60% of revenue by FY27, underscoring the urgency of the transformation.

Exit radio, digital focus

Risks remain. Higher leverage, integration challenges, and pressure on dividend franking credits temper enthusiasm, while free-to-air advertising continues to face long-term headwinds. Still, the exit from radio and renewed focus on scalable digital assets highlight how aggressively Nine is repositioning itself.

For long-suffering shareholders, the recent rally offered something rare. It could be evidence that the ASX media share's multi-year reset may finally be translating into market confidence, even if the hard work is far from over.

Most brokers continue to rate the media stock a buy following its sharp decline in the past 6 months. The average 12-month price target sits at $1.27, suggesting potential upside of 4%.

Nine was valued at $1.93 billion at the close of trade on Monday.

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