Dividend shares that pay out income to their shareholders every three months are quite rare here on the ASX. Especially high-yield ASX shares.
Whilst it might be the norm for income shares to pay out quarterly dividends in many countries abroad, biannual, six-month dividends are the undisputed standard here on the Australian markets.
Almost every ASX blue chip share on the stock market sticks to a schedule of rewarding their shareholders every six months.
However, not all ASX dividend shares fall into this category. So today, let's discuss three high-yield ASX shares that pay out dividend income four times a year.
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3 high-yield ASX shares that pay out quarterly dividends
GQG Partners Inc (ASX: GQG)
First up we have US fund manager GQG. GQG is a stock that has been causing some waves on the ASX lately, thanks in most part to its 60% or so rise over the past four months. Strong growth in funds under management is attracting investors all over the ASX to this stock.
But despite this share price rise, GQG remains a compelling investment for anyone seeking dividend income in my view. This company remains a high-yield ASX share, currently trading on a whopping dividend yield of over 6.5%. And yes, this dividend does come in three-month, quarterly instalments.
These dividends have been rapidly climbing in value too. Last year, GQG paid out a March dividend worth 1.87 US cents per share. But the same dividend in 2024 is set to be worth a much-improved 2.6 US cents per share.
Rural Funds Group (ASX: RFF)
Next up, we have an ASX real estate investment trust (REIT) in Rural Funds Group. Rural Funds is a REIT that specialises in owning agricultural land and assets. Its portfolio consists of macadamia, cattle and almond farms, as well as vineyards.
Rural Funds is another high-yield ASX share. At current prices, investors are being offered a trailing dividend yield worth an attractive 5.5%. And yes, this REIT pays out quarterly dividend distributions too. Investors have enjoyed receiving 2.93 cents per unit from Rural Funds every three months over the past two years.
Vanguard Australian Shares High Yield ETF (ASX: VHY)
Finally, this exchange-traded fund (ETF) from Vanguard is worth a mention. Unlike most ASX shares, most ETFs do pay out quarterly dividend distributions. Vanguard's High Yield ETF is no exception. This fund invests in a basket of high-yield ASX shares that offer some of the best and most consistent dividends on the ASX.
Some of the shares that are currently in VHY's portfolio include Commonwealth Bank of Australia (ASX: CBA), BHP Group Ltd (ASX: BHP), Wesfarmers Ltd (ASX: WES) and Woodside Energy Group Ltd (ASX: WDS).
Today, VHY units offer investors a trailing dividend distribution yield of 4.49%.
