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3 ASX dividend shares I'd buy with 6%+ yields

The Motley Fool·11/04/2026 21:27:41
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If you're hunting ASX dividend shares with generous yields, I think there are some attractive opportunities available.

Here are three I'd consider buying for passive income this November.

Cedar Woods Properties Ltd (ASX: CWP)

The first is Cedar Woods, which develops residential communities and other property projects across Australia.

I think this ASX dividend share has an attractive long-term growth opportunity, supported by Australia's need for more housing and its extensive development pipeline.

Importantly, the company is already making good progress towards delivering on this potential.

Cedar Woods recently reaffirmed its forecast for ~15% net profit growth in FY 2027. At the end of September, it had more than $763 million in pre-sales, with over 90% of expected FY 2027 revenue already settled or pre-sold.

This gives the company a strong foundation to build on as it progresses existing developments and brings new projects to market over the coming years.

Cedar Woods paid fully franked dividends of 39 cents per share in FY 2026. Based on its earnings guidance, I calculate that it could increase this to 45 cents per share in FY 2027. 

So, with its shares trading at $6.15, this would mean a very generous fully franked 7.3% dividend yield.

HomeCo Daily Needs REIT (ASX: HDN)

Another ASX dividend share I'd consider buying is HomeCo Daily Needs REIT.

Its portfolio includes shopping centres and retail properties anchored by businesses selling everyday essentials, such as groceries and healthcare services.

This could be a positive in the current environment where discretionary spending is under significant pressure as interest rates rise.

In fact, the strength of its portfolio was evident in FY 2026, when occupancy reached 99% and comparable property rental income increased 4%.

And while higher financing costs are putting some pressure on earnings, management remains confident and has maintained FY 2027 dividend guidance of 8.6 cents per share. Based on its current share price of $1.16, this equates to a forward dividend yield of 7.4%.

Universal Store Holdings Ltd (ASX: UNI)

Finally, I think youth fashion retailer Universal Store could be an ASX dividend share to buy.

While many retailers are struggling at present, that isn't the case for Universal Store.

A recent trading update revealed that its direct-to-customer sales rose 9.3% during the first 17 weeks of FY 2027, while its Perfect Stranger brand achieved impressive sales growth of 36.8%.

In addition, with 16 to 20 new stores planned this year, the company has opportunities to increase earnings without relying solely on shoppers spending more in existing locations.

The retailer paid fully franked dividends of 43 cents per share in FY 2026. Based on its strong start to the year, I believe it is positioned to increase its dividend to around 47 cents per share in FY 2027. This would mean an attractive dividend yield of 6.1% at the current share price of $7.70.

The post 3 ASX dividend shares I'd buy with 6%+ yields appeared first on The Motley Fool Australia.

Motley Fool contributor James Mickleboro has positions in Universal Store. 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 Cedar Woods Properties, HomeCo Daily Needs REIT, and Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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