ASX dividend shares are some of the most appealing things about investing in the Australian stock market because of the dividend yields on offer.

It’s one thing to hope for good capital growth, but seeing real cash hit the bank account during the year is especially appealing to investors seeking passive income.

I’m going to highlight two ASX dividend shares that have yields above 7%

Charter Hall Long WALE REIT (ASX: CLW)

This business is a real estate investment trust (REIT) that aims to maximise the distribution income that it provides to investors. It also has tenants locked into long-term rental contracts. The average weighted lease expiry (WALE) of the REIT is around nine years.

Charter Hall Long WALE REIT is invested in various types of commercial property around Australia such as hotels and pubs, grocery and distribution, telecommunication exchanges, data centres, service stations, banking and professional services, food manufacturing, healthcare and more.

The reason why it’s able to provide such a good distribution yield to investors is because it targets a distribution payout ratio of 100% of its rental earnings. In other words, it pays out all of its rental profit each year.

The business expects to pay an annual distribution per unit of 25.5 cents in FY27. That translates into a distribution yield of 7.1%, at the time of writing.

I think this is a great time to invest in the business because it’s trading at a 24% discount to the net tangible assets (NTA) per security of $4.71 as of 30 June 2026.

With rental income regularly growing thanks to fixed annual increases and inflation-linked increases, the business has a compelling outlook for rental growth for the foreseeable future.

Dexus Industria REIT (ASX: DXI)

The other ASX dividend share I want to highlight is Dexus Industria REIT, which is invested in high-quality industrial warehouses across Australia. As of 30 June 2026, the portfolio was valued at $1.5 billion and is allocated across major Australian cities.

It aims to provide sustainable income and long-term capital growth for investors.

There are a number of tailwinds supporting the rental potential and value of industrial real estate, including growing e-commerce adoption, increased demand for refrigerated space, and the onshoring of logistics.

In FY26, the business reported strong like-for-like portfolio income growth of 5.3%, supported by rental escalations, strong re-leasing spreads of 21.4% and a high occupancy rate of 98.8%.

A re-leasing spread tells investors what the new rate of rent is compared to the old rental rate. The reported re-leasing spread figure implies a rental increase of 21.4% compared to the old rental contract.

The business expects to pay an annual distribution of 16.6 cents per security in FY27, translating into a yield of 7.1%, at the time of writing.

The ASX dividend share also looks cheap because it’s trading at a 32% discount to its reported NTA as of 30 June 2026.

The post 2 ASX dividend shares with yields above 7% appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison 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.

The NRW Holdings Ltd (ASX: NWH) share price is in focus after the company announced record full-year earnings and outlined a strong outlook. Revenue jumped 31.4% to $4.3 billion while underlying EBITA soared nearly 39% to $288.6 million.

What did NRW Holdings report?

• Revenue rose 31.4% to $4.3 billion (FY25: $3.3 billion)
• Underlying EBITA climbed 38.8% to $288.6 million
• Underlying NPAT up 43.6% to $182.7 million
• Fully franked final dividend of 14.5 cents per share, up 53%
• Underlying EBITA margin increased to 6.7% from 6.4%
• Fredon acquisition added new earnings pillar EMIT

What else do investors need to know?

NRW’s impressive result reflects growth across all divisions as well as a nine-month contribution from acquired company Fredon. This acquisition formed the company’s fourth operating segment, EMIT, increasing exposure to promising sectors like health, defence and data centres.

Mining produced stronger profits after improved productivity and reduced weather impacts in Queensland. Meanwhile, the civil segment kept steady margins despite softer resource construction demand in some regions.

The company finished the year with $7.5 billion in secured revenue and a future work pipeline worth $29.1 billion, including $11.1 billion in active tenders. Refinancing of bank facilities in July 2026 has further strengthened NRW’s balance sheet.

What’s next for NRW Holdings?

Looking ahead, NRW expects revenue of $4.6 billion–$4.8 billion and underlying EBITA of $320–$330 million in FY27, with around 85% of revenue already secured. The business will continue targeting growth across resources, energy transition, defence, infrastructure and data centre markets.

Thanks to a wider set of operating segments and a robust balance sheet, NRW aims to pursue further acquisitions and maintain disciplined capital allocation, supporting its competitive edge in attractive long-term sectors.

NRW Holdings share price snapshot

Over the past 12 months, NRW shares have risen 104%, significantly outperforming the All Ordinaries Index (ASX: XAO).

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The post NRW reports record FY26 earnings, strong FY27 outlook appeared first on The Motley Fool Australia.

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Motley Fool contributor Laura Stewart 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. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.

The APA Group (ASX: APA) share price is in focus after the company reported an 8.3% lift in underlying EBITDA to $2,183 million, surpassing guidance, and announced its 22nd consecutive increase in securityholder distributions.

What did APA Group report?

• Underlying EBITDA rose 8.3% to $2,183 million (FY25: $2,015 million), ahead of the midpoint of guidance
• Free cash flow increased 3.2% to $1,118 million
• Statutory revenue (excluding pass-through) was up 1.9% to $2,764 million
• Statutory net profit after tax jumped 81.4% to $234 million
• FY26 distribution increased 1.8% to 58.0 cents per security, in line with guidance
• EBITDA margin improved by 370bps to 77.9% due to $80 million of cost-out initiatives

What else do investors need to know?

APA’s cost-out program delivered $80 million in savings, exceeding its $50 million target and underpinning stronger margins. Capital investment of $546 million went into major growth projects, such as the Brigalow Peaking Power Plant, East Coast Gas Grid expansion, and Sturt Plateau Pipeline.

The group continues to streamline operations, with business simplification initiatives, divestments, and restructuring measures. Its organic growth pipeline has expanded to approximately $3.5 billion, supported by a strong balance sheet and debt raises, positioning APA to fund new opportunities.

What did APA Group management say?

APA CEO and Managing Director, Adam Watson, said:

FY26 was a year of strong financial and operational performance as we continue to deliver on our commitments to securityholders and position APA to capture value from our ~$3.5 billion organic growth pipeline. Our underlying earnings were up 8.3% and above the mid-point of guidance, supported by new assets and ongoing strong operational performance. $80 million in cost-out initiatives were delivered across the year, exceeding our target. Securityholder distributions again increased for the 22nd consecutive year.

What’s next for APA Group?

Looking ahead, APA has outlined underlying EBITDA guidance for FY27 of $2,260 million to $2,340 million, indicating mid-single-digit growth. This is expected to be driven by inflation-linked tariff escalation, the benefit of the new Sturt Plateau Pipeline, asset conversions, and ongoing cost savings.

Distributions to securityholders are forecast to grow to 59.0 cents per security in FY27. APA is also advancing projects in renewable energy, gas-powered generation, and infrastructure to support data centres, while maintaining a disciplined approach to capital allocation.

APA Group share price snapshot

The APA Group share price has outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of 15%.

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The post APA Group FY26 delivers strong earnings, pipeline expansion, and 22nd annual dividend increase 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 Apa Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips. This article was prepared with the assistance of Large Language Model (LLM) tools for the initial summary of the company announcement. Any content assisted by AI is subject to our robust human-in-the-loop quality control framework, involving thorough review, substantial editing, and fact-checking by our experienced writers and editors holding appropriate credentials. The Motley Fool Australia stands behind the work of our editorial team and takes ultimate responsibility for the content published by The Motley Fool Australia.