Elevra Lithium Ltd (ASX: ELV) shares are in the spotlight on Monday.

In morning trade, the ASX lithium share is up by 5% to $10.04.

This compares to a solid performance from the ASX 200 index, which is up 0.5% at the time of writing.

Why is this ASX lithium share getting a lot of attention?

Investors have been buying the lithium miner’s shares following the release of a big update on its North American Lithium (NAL) operation.

According to the release, the ASX lithium share has reached a milestone in the expansion of the NAL operation with the official groundbreaking of the NAL Expansion Project.

It notes that the groundbreaking follows the successful completion of its May capital raise, which fully funded the NAL Expansion and strengthened its balance sheet to support execution of its staged growth strategy.

As part of ongoing project execution, equipment for the expansion has been ordered to enable the planned development timeline and reduce schedule risk.

This certainly could be worth the hard work. The company highlights that upon completion in mid 2027, Stage 1 of the NAL Expansion is expected to deliver a 15% to 20% increase in annual spodumene concentrate production capacity.

Importantly, it is also expected to result in a reduction in unit operating costs through improved scale and efficiency.

Furthermore, management believes that as North America seeks to strengthen domestic battery materials supply to reduce reliance on external sources, the NAL expansion will help by delivering increased supply of traceable and transparent lithium to the rapidly growing electric vehicle and energy storage markets.

Management commentary

The ASX lithium share’s managing director and CEO, Lucas Dow, was pleased with the news. He commented:

The groundbreaking of the NAL Expansion marks a milestone for Elevra and reflects the progress we have made since announcing our staged expansion strategy. With funding secured and equipment orders being placed, we are focused on disciplined execution to deliver Stage 1. This expansion will increase production capacity and further strengthen NAL’s position as a strategically important source of lithium supply in North America.

Elevra Lithium’s shares have been on fire over the past 12 months. Following today’s move, the company’s shares are now up almost 350% since this time last year.

That’s despite its shares trading almost 30% below their 52-week high of $14.06.

The post Which ASX share is racing 5% higher on big news? 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 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.

Investing for solid dividend yields can be a great strategy for some investors, and if you’re looking to follow this strategy, selecting companies with solid underlying businesses and a track record of performance is a good place to start.

Companies in infrastructure or with infrastructure-like qualities can be good investments as they tend to have businesses with a high barrier to entry and arguably good visibility of future revenues.

I’ve selected three companies which are currently paying dividend yields of better than 5% for you to consider.

AGL Energy Ltd (ASX: AGL)

AGL is one of the country’s major energy suppliers, with a market position which ensures it is likely to have a steady stream of income over the long-term barring unforeseen events.

That’s not to say the business does not have its challenges, with investing in the energy transition and managing energy supply and pricing all factoring into the company’s financial performance.

The stock is down 13.9% over the past year to $8.42.

Managing Director Damien Nicks told a recent conference that the company was expecting growing demand from the data centre sector in coming years as the emerging industry’s need for power doubled from current levels.

Mr Nicks said during the update that AGL expected underlying net profit to be $610-$680 million, tigthening the guidance from $580-$680 million.

AGL is currently paying a 5.81% trailing dividend yield with its next dividend payment scheduled for September.

APA Group Ltd (ASX: APA)

Another energy company here but this time in the gas pipeline game.

APA has performed quite well from a share price standpoint over the past year, adding 32.3% to be changing hands for $10.77.

That level is just higher than Macquarie’s price target for the company, which it recently pegged at $10.41.

Encouragingly Macquarie expects the APA dividend yield to grow from 5.7% this year to 5.9% by FY28.

One of the drivers for the company, Macquarie said, is the growth in data centre demand for power, and from the retirement of the nation’s coal fleet.

Macquarie said the federal gas reservation policy also creates incentives for energy companies to develop new gas fields, while adding that APA has improving balance sheet capacity.

Stockland (ASX: SGP)

Morgan Stanley analysts think there is upside to be had in Stockland’s share price, with a price target of $4.90 compared with the current price of $4.32.

The broker thinks there could be some residential settlements headwinds for the property development company following recent interest rate increases and changes to tax laws in the Federal Budget.

They say Stockland has in the past mitigated downturns with land selldowns or joint ventures, but say this might be far off at this stage.

They said:

We see limited scope for material land profits in FY27, as Kogarah/Waterloo/DCs all still require detailed planning, power, and/or tenant commitments. However, the FY28+ pipeline looks robust and could drive a higher weighting to development profits vs traditional resi over the next cycle.

Morgna Stanley is forecasting the Stockland dividend to stay steady at 25.2 cents out to FY28, which at the current share price is a 5.8% dividend yield.

The post Buy these 3 blue-chip shares for better than 5% dividend yields appeared first on The Motley Fool Australia.

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

In my view, Future Generation Australia Ltd (ASX: FGX) is one of the most reliable ASX dividend stocks available to Aussies.

It may not be as famous as Commonwealth Bank of Australia (ASX: CBA) or BHP Group Ltd (ASX: BHP), but I think it’s a better pick for both reliability and dividend yield.

Future Generation Australia is a listed investment company (LIC) with a big difference. Instead of a typical arrangement where investors pay management fees to a fund manager, this LIC charges no fees (including no performance fees). Instead, it donates 1% of net assets each year to youth-focused charities.

The LIC is invested in the funds of 16 different fund managers, giving it excellent diversification. Future Generation Australia gives exposure to more than 430 underlying shares across different sectors, meaning it’s significantly more diversified than the S&P/ASX 200 Index (ASX: XJO)

It also gives access to variety of companies across different market capitalisations – at the end of May, more than 19% of the portfolio came from outside the S&P/ASX 300 Index (ASX: XKO).

Let’s get into what makes it such an appealing choice for dividends.

Reliability

Both CBA and BHP have given their shareholders dividend cuts this decade, so they haven’t been very reliable, despite having reputations as Australia’s biggest and bluest of ASX blue-chip shares.

As a LIC, Future Generation Australia is capable of smoothing out its dividends because it can build up its profit reserve with investment gains during positive years, allowing it to pay a rising dividend even in more difficult years.

It has increased its annual dividend per share each year since 2015 – that’s more than a decade of consistent dividend growth.

The ASX dividend stock has built up a profit reserve of 41.8 cents per share as of May 2026 – it could keep funding the same size dividend for more than five years.

Dividend yield

Future Generation Australia is attractive not just for its reliability but also for its strong dividend yield.

In 2025, the business paid an annual dividend per share of 7.2 cents. That translates into a grossed-up dividend yield of 7.6%, including franking credits.

But, I’m expecting the business to hike its payout in 2026 to 7.4 cents per share, which would equate to a grossed-up dividend yield of 7.8%, including franking credits.

It’s hard to find another ASX dividend stock that offers a good a dividend yield as that, and has increased the dividend for as many years in a row.

Is this a good time to invest?

We can already see that the business offers compelling dividend income.

The business is trading fairly closely to its net tangible assets (NTA) – I’d prefer to buy when it’s trading at a discount, but today’s price is still solid, in my view.

With $1,000, an investor could buy 735 shares of this appealing LIC. Plus, it’s providing a great philanthropic service.

The post $1,000 buys 735 shares in an incredibly reliable ASX dividend stock appeared first on The Motley Fool Australia.

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Motley Fool contributor Tristan Harrison has positions in Future Generation Australia. 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 BHP Group. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.