3 excellent ASX dividend shares with 5.5% to 7.7% yields

There are plenty of ASX dividend shares offering attractive dividend yields right now.

But which ones could be buys this week?

Let's take a look at three with big yields that could be excellent picks for income investors.

APA Group (ASX: APA)

APA could be a strong option for income investors. It owns and operates a large portfolio of energy infrastructure assets across Australia, including gas pipelines, processing facilities, storage assets, and electricity transmission infrastructure.

These are important assets that help move energy around the country.

A large portion of APA's earnings is also supported by long-term contracts and regulated revenue, which gives the business good visibility over future cash flows.

That has helped APA build a long record of growing its distributions.

Management is expecting FY 2027 dividends of 59 cents per share, up from 58 cents in FY 2026.

Based on its current share price of $10.81, this represents a forward dividend yield of approximately 5.5%.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share for income investors to consider is the HomeCo Daily Needs REIT.

It is a property company that owns neighbourhood retail, large-format retail, healthcare, and other properties focused on everyday spending.

Its tenants include supermarkets, pharmacies, healthcare providers, childcare operators, and other businesses that tend to remain well used through different economic conditions. This creates a relatively defensive source of rental income.

More positives are that HomeCo Daily Needs REIT has high occupancy levels and has been growing rental income across its portfolio.

This is expected to underpin a dividend of 8.6 cents per share in FY 2027. Based on its current share price of around $1.11, this would mean a very large dividend yield of approximately 7.7%.

Universal Store Holdings Ltd (ASX: UNI)

A final ASX dividend share for income investors to look at this week is Universal Store.

The youth fashion retailer operates Universal Store, Perfect Stranger, and Thrills, giving it exposure to several different customer groups and price points.

Across these brands, Universal Store has built a clear position in the youth fashion market. Its stores are carefully curated, while its growing portfolio of owned brands gives the company more control over margins and product.

The retail industry has been a tough place to be recently, but that hasn't stopped Universal Store from growing its sales, profits, and dividends strongly.

The good news is that the market expects this trend to continue in FY 2027. It is forecasting a fully franked dividend of 46 cents per share.

Based on its current share price of $7.09, this represents a generous 6.5% dividend yield.

The post 3 excellent ASX dividend shares with 5.5% to 7.7% yields appeared first on The Motley Fool Australia.

The Motley Fool's purpose is to help the world invest, better. Click here now for your free subscription to Take Stock, The Motley Fool's free investing newsletter. Packed with stock ideas and investing advice, it is essential reading for anyone looking to build and grow their wealth in the years ahead. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson. 2026