3 ASX Dividend Stocks Yielding Up To 7.6%: A Golden Opportunity for Income Investors

In the ever-changing landscape of the Australian share market, one constant remains: the allure of high-yielding dividend stocks. These companies offer investors a steady stream of income, providing a sense of security and stability in an otherwise volatile market. In this article, we'll explore three ASX dividend stocks that are yielding up to 7.6%, presenting a golden opportunity for income investors.

1. Shaver Shop Group Ltd (ASX: SSG)
Shaver Shop Group Ltd is a specialty retailer of male and female grooming products, with a focus on becoming the market leader in hair removal in Australia. The company aims to sell a wide range of quality products at competitive prices, with excellent staff product knowledge. Shaver Shop has grown its dividend each year since 2017, with a grossed-up dividend yield of 12.7% for the last two dividend payments. This impressive growth in dividends, coupled with a strong focus on customer satisfaction and product innovation, makes Shaver Shop an attractive option for income investors.

2. Metcash Ltd (ASX: MTS)
Metcash Ltd is a leading wholesale distribution company in Australia, supplying independent businesses with a wide range of products, including groceries, hardware, and liquor. The company has committed to a dividend payout ratio of 70% of underlying net profit after tax, which is a healthy payment that supports a good dividend yield. Metcash's annual dividend per share in FY24 is estimated to be 20 cents, which would result in a grossed-up dividend yield of 7.3%.



3. Healthco Healthcare and Wellness REIT (ASX: HCW)
Healthco Healthcare and Wellness REIT is a real estate investment trust with a focus on healthcare and wellness property assets. The company aims to provide exposure to a diversified portfolio that is underpinned by healthcare sector megatrends, targeting stable and growing distributions, long-term capital growth, and positive environmental and social impact. Morgans, an investment bank, expects dividends per share of 8.4 cents in FY 2025 and then 8.8 cents in FY 2026, which would translate to dividend yields of 8.1% and 8.5%, respectively.

In conclusion, the three ASX dividend stocks discussed in this article – Shaver Shop Group Ltd, Metcash Ltd, and Healthco Healthcare and Wellness REIT – offer investors the opportunity to generate significant income through their high dividend yields. By investing in these companies, income investors can build a diversified portfolio that provides a steady stream of income, regardless of market fluctuations. As always, it's essential to conduct thorough research and consider your personal financial situation before making any investment decisions.