Beat the ASX with these cash-gushing dividend stocks

Aiming to beat the ASX with some cash-gushing dividend stocks?

You’re not alone!

Below we look at three high-yielding ASX dividend stocks that have been smashing the average yields delivered by ASX shares.

So, if it’s market-beating passive income you’re after, read on.

Three high-yielding ASX dividend stocks

Before we proceed, note that the yields you generally see quoted are trailing yields. Future yields can be higher or lower depending on a range of company-specific and macroeconomic factors.

And while we’re looking at three cash-gushing ASX dividend stocks here, the ideal passive income portfolio will contain more than ten companies. Ideally, these will operate in different sectors and geographic locations. That kind of diversity will lower the overall risk to your income portfolio.

With that said, the first dividend stock to buy to beat the ASX is Australia and New Zealand Banking Group Ltd (ASX: ANZ).

ANZ shares have been on fire over the year gone by, soaring more than 26% over 12 months.

As for that passive income, ANZ paid a final partly franked dividend of 94 cents a share on 22 December. The S&P/ASX 200 Index (ASX: XJO) bank will pay the interim dividend of 83 cents a share on Monday, 1 July.

That equates to a full-year payout of $1.77 a share, and it sees ANZ shares trading on a partly franked dividend yield of 6.14%.

Which brings us to the second ASX dividend stock to buy to beat the ASX, Yancoal Australia Ltd (ASX: YAL).

The Yancoal share price has also rocketed over the past year, up a whopping 42% over 12 months.

And that’s not including the two super-sized dividends the ASX coal miner paid out over the year.

Yancoal paid a fully franked interim dividend of 37 cents per share on 29 September. The coal stock paid the final dividend of 32.5 cents a share on 30 April. That works out to a full-year payout of 69.5 cents a share.

And it sees this top stock trading on a fully franked yield of 11.05%. Take that ASX!

Rounding off our list of high-yielding ASX dividend stocks is Woodside Energy Group Ltd (ASX: WDS).

Unlike our other two ASX smashing companies, the Woodside share price has lost ground over the past year, down 17%.

But the oil and gas company continued to please passive income investors. Woodside paid a fully franked interim dividend of $1.243 a share on 28 September and a final dividend of 91.7 cents a share on 4 April for a full-year payout of $2.16 a share.

That sees this ASX dividend stock trading on a fully franked trailing yield of 7.72%.

The post Beat the ASX with these cash-gushing dividend stocks appeared first on The Motley Fool Australia.

More reading

• 5 things to watch on the ASX 200 on Wednesday
• Here are the top 10 ASX 200 shares today
• Buying ASX 200 energy shares? Here’s what to expect in FY 2025
• Own ANZ shares? You need to know these important dates
• Buy Coles and these ASX 200 dividend stocks

Motley Fool contributor Bernd Struben has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.