Top 5 ASX Gold Stocks That Pay Dividends

What is a gold dividend stock?

A dividend is essentially a reward that is paid to shareholders for their investment in the company’s equity. Dividends typically come from a company’s net profits – while the majority of a company’s net profits remain within the company as retained earnings, an outstanding portion may be divided and distributed to shareholders.

Dividends are usually a sign that a company is thriving, but sometimes a company may pay a dividend even when it is not making appropriate profits. This happens when a company wants to maintain confidence by maintaining its established track record of regular dividend payments.

In the past, investors did not always look to gold stocks as a way to receive dividends. However, a growing number of gold miners now pay dividends – and often even increase them. If investors select the right investors, they can make good profits from both a steady stream of dividend income and the strong capital gains available in resource investments.

Dividends are particularly attractive in the sometimes volatile gold sector because it offers investors a degree of security – simply put, if a company pays a dividend, it generally feels it has the cash to do so, and it will have the profits necessary to continue making those payments. Overall, dividend paying companies perform better when the market is rising, and perhaps more importantly, fall less than average in a falling market.

When it comes to ASX-listed gold shares, dividends also have tax benefits – thanks to Australia’s dividend tax credit, dividends from eligible Australian corporations have a benefit on interest income.

To learn more about dividends, see Investing News Network’s article What is a Dividend Stock? See.

How to choose dividend paying gold stocks?

So how can investors choose the right dividend-paying gold stocks? A key indicator to consider is the dividend yield, which you can find when you take the miner’s total annual dividend payments and divide them by its share price. This allows investors to know how much dividend they will get back based on every dollar they invest.

That said, it is important to note that choosing only stocks with high dividend yields may not be entirely beneficial. This is due to the fact that a company’s dividend yield may be higher because its share price has fallen, which is a clear indicator of serious risk – not just to the dividend, but to the entire investment.

To get a true measure of the sustainability of a company’s dividend, you have to look deeper. Here are three other factors to consider before investing money in gold dividend stocks:

• History of paying a dividend (and ideally increasing it) – The more established a company’s dividend is, the less likely it is to be cut or eliminated in the near future.

• a healthy balance sheet – Look for a company that has adequate cash balances and low debt.

• a fair payout ratio – The payout ratio is an indicator of whether a company can maintain its dividend; It is calculated by dividing dividend payments per share by net income per share. A payout ratio of 80 percent or less indicates that a mining stock has the flexibility to maintain its dividend and make the necessary investments to boost its production or fund further exploration.

Which ASX gold stocks have the highest dividends?

Below are five of the top ASX-listed gold dividend shares based on dividend yield. Data for this article was collected using TradingView stock screener On April 24, 2026, and at that time the companies had a market capitalization of more than AU$50 million.