There are many ASX dividend shares on the market that pay investors a consistent, reliable passive income.

The majority of them distribute cash to their shareholders every 6 or 12 months. But did you know there are a handful of shares that pay out much more frequently?

Here are three of my favourite ASX shares that pay dividends every month.

BetaShares Dividend Harvester Active ETF (ASX: HVST) 

HVST is an ASX-listed exchange-traded fund (ETF) that provides investors with exposure to a portfolio of up to 60 dividend-paying shares. It doesn’t track an index; instead, it targets exposure to high-dividend stocks drawn from the 100 largest ASX-listed companies.

Its portfolio is mostly weighted into the financial sector, which accounts for 26.9% of its allocation at the time of writing. The materials sector is second, accounting for 10.1% of its allocation.

And the fund is structured so that it can own a share until it trades ex-dividend. At this point, the fund sells the shares and reinvests the proceeds into its next passive income-generating shares.

HVST pays its shareholders a franked dividend income every single month.  As of the 31st of July, its 12-month gross distribution (dividend) yield is 7.1%, and the net yield is 5.6%. The franking level is 63.3%. The fund’s annual management fee and costs are 0.72%.

The fund paid out $0.06 per share to investors earlier this month. In fact, the fund has paid around $0.06 per share each month since January 2024.

At the time of writing, HVST shares are up around 1% year to date and trading at $13.65 per share.

Metrics Income Opportunities Trust (ASX: MOT)

The MOT is a listed investment trust  (LIT) with a portfolio of private credit and related opportunities. Its portfolio can give investors direct exposure to private credit investments, which have become an increasingly popular asset class.

The Trust said its investment objective is to provide monthly cash income, preserve investor capital, and manage investment risks. It also seeks to provide upside potential through investments in private credit and other assets. These “other assets” include warrants, options, preference shares, and equity.

The Trust targets a cash yield of 7% per year, paid monthly. It has a total target return of 8% to 10% per year, net of fees and expenses. 

The Trust also has a distribution reinvestment plan (DRP), which allows its shareholders to reinvest their monthly income distributions.

The ASX dividend share’s most recent payout to shareholders was an unfranked 1.11-cent dividend paid earlier this month. The Trust paid out 2.62 cents in July, 1.16 cents in June, and 1.22 cents in April. This translates to a dividend yield of around 9.5%, at the time of writing.

At the time of writing, MOT shares are down around 14% year to date and trading at $1.62 per share.

Plato Income Maximiser Ltd (ASX: PL8)

Plato is another LIC, but one that specifically targets income-focused investors, such as retirees and SMSF investors, who need a dependable income stream. 

The ASX dividend stock holds a portfolio of mature ASX-listed equities, cash, and listed futures. It mostly focuses on Australian companies with strong dividend payouts, such as major banks, mining giants, and energy firms. 

Its goal is to generate a high, franked income stream for investors and to consistently deliver above-market dividends and total returns, including franking credits. 

Plato has consistently paid fully-franked dividends of 0.55 cents per share every month since April 2022. That equates to an annual running total of 6.6 cents per share in fully-franked passive income, yielding around 4.6%.

At the time of writing, Plato shares are trading at $1.40 each, down around 4% for the year to date.

The post 3 ASX dividend shares that pay their investors every single month appeared first on The Motley Fool Australia.

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Motley Fool contributor Samantha Menzies 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 Domino’s Pizza Enterprises Ltd (ASX: DMP) share price is in focus today after the company reported FY26 results highlighted by revenue down 11.2% to $2,046.1 million and a statutory net loss after tax of $134.2 million.

What did Domino’s Pizza Enterprises report?

• Revenue: $2,046.1 million, down 11.2% year on year
• Statutory NPAT: Loss of $134.2 million (impacted by significant non-cash items)
• Underlying NPAT: $121.6 million, up 4.0%
• EBITDA: $325.4 million (underlying, down 6.1%)
• Final dividend: 32.5 cents per share, unfranked (total FY26 dividend 57.5 cents, down 25.3%)
• Net tangible assets per share: $(5.04) (FY25: $(6.41))

What else do investors need to know?

Domino’s statutory loss included $255.7 million in non-cash write-downs and impairments, mainly for its France and Taiwan businesses, along with technology assets and some underperforming corporate stores. Underlying profit increased, reflecting efforts to boost franchisee profitability, cut costs, and reset pricing strategies.

Same store sales fell 4.1% globally, with Australia and New Zealand down 4.7%, Europe down 2.2%, and Asia down 6.7%. The company will close up to 60 stores across regions to sharpen the network’s overall health, with anticipated $11 million in annual EBIT benefit. Meanwhile, franchisee profitability improved, and net leverage improved to 1.86x following cost reductions and reduced net debt.

What’s next for Domino’s Pizza Enterprises?

The company is aiming to return to profitable growth in FY27 after a period of resetting its store network and business model. Building on positive trials in Western Australia, Domino’s plans to roll out a revised pricing and operating model across Australia, focusing on long-term franchisee profitability and less reliance on aggressive discounting.

Domino’s remains committed to improving operational efficiency and supply chain resilience, preparing to meet ongoing consumer and regulatory changes. New CEO Andrew Gregory has taken the reins, signalling a focus on both network expansion and disciplined execution.

Domino’s Pizza Enterprises share price snapshot

The Domino’s share price has modestly outperformed the S&P/ASX 200 index (ASX: XJO) over the past 12 months with a gain of around 4%.

View Original Announcement

The post Domino’s Pizza Enterprises posts FY26 loss but boosts franchise profitability appeared first on The Motley Fool Australia.

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Motley Fool contributor James Mickleboro has positions in Domino’s Pizza Enterprises. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended Domino’s Pizza Enterprises. The Motley Fool Australia has recommended Domino’s Pizza Enterprises. 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.

Australia’s property market has spent years making homeowners feel wealthier. Now, that powerful tailwind may be starting to reverse.

National home values fell 0.7% in July, according to Cotality, marking the sharpest monthly decline since December 2022. Sydney and Melbourne led the falls, but the downturn also spread to Brisbane and Adelaide.

More importantly for retailers, values across the most expensive quarter of the housing market dropped 3.2% over the three months to July.

That could have consequences well beyond the property sector.

How the wealth effect works

The wealth effect describes the tendency for households to spend more when their assets rise in value.

Homeowners do not need to sell their property or withdraw equity to feel richer. A rising valuation can provide the psychological permission to upgrade the television, replace the lounge, renovate the kitchen, or book an overseas holiday.

Research from the Reserve Bank of Australia found a positive and persistent relationship between household wealth and consumption. The effect was strongest across motor vehicles, durable goods, and other discretionary purchases.

The RBA estimated that a permanent 1% increase in housing wealth lifted the long-term level of consumption by around 0.16%.

However, the relationship can work in reverse.

Falling property prices do not necessarily create an immediate financial problem for homeowners. But they can weaken confidence and encourage households to defer purchases that are not essential.

That puts furniture, electronics, appliances, and other big-ticket categories near the front line.

Two quality ASX retailers under pressure

That backdrop helps explain the recent weakness in two long-term retail winners.

JB Hi-Fi Ltd (ASX: JBH) suffered its worst single-session decline on record earlier this month. The JB Hi-Fi share price crashed 12.3%, despite the company reporting record FY26 sales of over $11 billion and a 6% increase in statutory net profit to $489.9 million.

The concern was not the year just completed. It was the direction of current trading.

Comparable sales at JB Hi-Fi Australia declined 0.8% during the fourth quarter before falling another 1.4% in July. Comparable sales also declined at The Good Guys.

Management noted that customers were increasingly seeking value and concentrating their spending around major promotional events. That could place pressure on margins if deeper discounting is required to maintain sales volumes.

Furniture retailer Nick Scali Ltd (ASX: NCK) is exposed to a similar dynamic. The Nick Scali share price is down more than 35% over the past 12 months, at the time of writing.

Yet its FY26 results hardly resembled a business in distress. Group revenue increased 4.3% to $516.7 million, while net profit after tax rose 22% to $75.7 million on an underlying comparison.

The warning was again in the outlook. Written sales orders across Australia and New Zealand were flat during the first five weeks of FY27, following softer trading during the second half.

What should investors watch?

A weaker housing market does not automatically make JB Hi-Fi or Nick Scali poor businesses.

Both companies have strong brands, experienced management teams, healthy balance sheets, and long records of rewarding shareholders. Quality retailers can also use difficult conditions to win market share from weaker competitors.

Australia’s strong employment market and rising household incomes could provide another important cushion. The RBA has previously found that falling wealth is less damaging to consumption if jobs and income growth remain firm.

Still, investors may want to watch comparable sales, store traffic, inventory levels, gross margins, and the depth of promotional activity over the coming months.

The wealth effect helped support discretionary spending while Australian property prices climbed. If that effect is now reversing, retailers selling the purchases that households can postpone may feel the pressure first.

For long-term investors, the key question is whether recent share price declines reflect temporary weakness in the consumer cycle or something more permanent in the underlying businesses.

The post Are falling house prices hurting ASX retail shares? appeared first on The Motley Fool Australia.

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Motley Fool contributor Leigh Gant 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 recommended Nick Scali. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.