3 ASX dividend shares with bigger yields than CBA

Commonwealth Bank of Australia (ASX: CBA) remains one of the most popular ASX dividend shares on the market.

That is understandable. The banking giant has a long history of paying large fully franked dividends.

In FY 2027, CBA is forecast to pay a fully franked dividend of $5.15 per share. Based on where its shares trade today, that equates to a dividend yield of approximately 3.2%.

That is a reasonable yield for a blue-chip bank. However, investors seeking larger income streams can find higher forecast yields elsewhere on the ASX.

Here are three ASX dividend shares with bigger projected yields than CBA.

Charter Hall Long WALE REIT (ASX: CLW)

The first ASX dividend share to look at is Charter Hall Long WALE REIT.

This property trust owns a portfolio of leased assets across Australia, with a focus on long leases to government and corporate tenants.

That long-lease structure is important for income investors. It can provide greater visibility over rental income, which supports the trust’s ability to make regular distributions to unitholders.

In FY 2027, Charter Hall Long WALE REIT is forecast to pay a distribution of 26.3 cents per unit. Based on its current share price, this equates to a forward yield of approximately 7%. That is more than double CBA’s forecast dividend yield.

Harvey Norman Holdings Ltd (ASX: HVN)

Another ASX dividend share offering a larger yield is Harvey Norman.

Harvey Norman is best known for selling furniture, electronics, appliances, bedding, and home-related products. It also has significant property interests, which makes it different from many traditional retailers.

Its earnings can move around with the consumer cycle, particularly when households become more cautious with discretionary spending. However, when conditions are more supportive, Harvey Norman can generate strong cash flow and reward shareholders with attractive dividends.

For FY 2027, the company is forecast to pay a fully franked dividend of 31 cents per share. This represents a forward dividend yield of approximately 6.4%.

Sonic Healthcare Ltd (ASX: SHL)

A third ASX dividend share with a bigger forecast yield is Sonic Healthcare.

It is a global healthcare company with operations across pathology, laboratory medicine, radiology, and diagnostic services.

This gives it exposure to healthcare demand across multiple countries. Diagnostic testing plays an important role in modern medicine, and Sonic has built significant scale in this area over many years.

The company is forecast to pay a partially franked dividend of $1.10 per share in FY 2027. At current levels, this equates to a forward dividend yield of approximately 5.5%, which is comfortably higher than CBA’s forecast 3.2% yield.

The post 3 ASX dividend shares with bigger yields than CBA appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro 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 positions in and has recommended Harvey Norman. The Motley Fool Australia has recommended Sonic Healthcare. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.