Fortescue paid a final dividend of $1.00 per share on 28 September. Eligible investors can expect to receive the $1.08 per share interim dividend tomorrow, 27 March.
That comes out to a full-year passive income payout of $2.08 per share. At the current Fortescue share price of $25.66, this equates to a fully franked trailing yield of 8.1%.
As for New Hope, despite sizeable reductions in the dividend payouts amid a big drop in coal prices, the miner still paid a final dividend of 30 cents per share on 7 November.
Management declared an interim dividend of 17 cents per share, which will be paid on 1 May. Passive income investors seeking to bank that dividend will need to own shares at market close on 12 April.
New Hope's full-year payout will then come to 47 cents per share.
At the current New Hope share price of $4.40, this quality ASX company trades on a fully franked yield (partly trailing, partly pending) of 10.7%.