The high-yield ASX dividend share space is a great place to find businesses offering more substantial passive income than a term deposit.
Another benefit to owning shares rather than a term deposit is that businesses can increase their profit or underlying value, justifying higher payouts. In contrast, savings products are stuck offering the same return.
I'll discuss two investments that are very attractively priced, have growth potential, and offer big dividend yields. Let's dive in.
This is one of my favourite ASX dividend shares right now. It invests in fast-growing technology businesses with attractive unit economics, international revenue, and a huge market opportunity.
The business's underlying value is based on the value of its investments, plus other assets and liabilities. At the end of June 2025, it had a pre-tax net tangible asset (NTA) of $1.79 and a post-tax NTA of $1.64. That means the high-yield ASX dividend share is currently trading at a 29% discount to the June post-tax NTA.
Despite the headwinds of high inflation and elevated interest rates, Bailador's portfolio performance has been solid. Over the prior five years, Bailador's net portfolio return after fees and tax (plus dividends paid) was an average of 11.2%.
It aims to pay a fully franked dividend yield of 4% on the pre-tax NTA. Due to the large discount it's trading at, it seems to have a fully franked dividend yield of 6.1% and a grossed-up dividend yield of 8.75%.
I think this business offers a compelling mix of dividends and potential growth.
GQG is a leading fund manager headquartered in the US, with a growing presence in international markets such as Australia, the UK, Europe, and Canada.
The high-yield ASX dividend share offers multiple strategies, such as US shares, international shares, and emerging market shares, which all have long-term track records of outperforming their benchmarks.
As a fund manager with minimal performance fees, growth of funds under management (FUM) is integral for success. At June 2025, the business had US$172.4 billion of FUM, representing a year over year increase of 10.8%. That's a solid tailwind for the earnings and dividend.
The high-yield ASX dividend share continues to experience pleasing net inflows, providing a good boost to FUM on top of the long-term growth of the value of the global share market. In the six months to June 2025, GQG saw US$8 billion of net inflows.
Broker Macquarie currently forecasts GQG could pay an annual dividend per share of US 16.7 cents. At the current GQG share price, that represents a forward dividend yield of 11.2%.
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