ASX upcoming dividend stocks 2026

Technology One Ltd, Tower Ltd and ALS Limited reported strong results and dividends, showing solid earnings growth, cash flow, shareholder returns, outlook.

Technology One Ltd (ASX: TNE) 

Technology One Ltd reported strong H1 FY26 results with profit before tax rising 9% to $89.1 million. The profit after tax increased 6% to $66.8 million. Annual recurring revenue raised 17% to $598 million though total revenue increased 11% to $322.7 million. UK ARR also rose 23% to $53 million.

The company confirmed its upgraded FY26 targets announced earlier in February 2026. It expects profit before tax growth between 18% and 20% and ARR growth between 16% and 18%. The business also expects stronger profit margins and full-year cash conversion equal to net profit after tax.

During H1 FY26, TechnologyOne launched new AI products called Plus, Guide and in-product AI. These tools are planned to help councils, universities and organisations work faster, expand services and simplify daily operations through AI technology.

TNE declared an interim dividend of 8.0 cents per share, which is 21% higher than last year’s dividend. The ex-date for the interim dividend is 28 May 2026 while the payment date is on 12 June 2026.

Tower Ltd (ASX: TWR) 

Tower Ltd reported FY25 results for the year ended 30 September 2025 with underlying profit rising to $107.2M from $83.5 million last year. Reported profit increased to $83.7 million. Gross written premium grew 2% to $600 million and customer numbers rose 4% to 318,000.

TWR plans to grow gross written premium to over $750 million by FY28. This growth will come from new partnerships like Westpac NZ, referrals from Kiwibank, better marketing and improved pricing based on property risk data such as floods, landslides and sea surge.

For the four months ended 31 January 2026, Tower continued steady growth. Gross written premium increased 2% to $204 million and customer numbers rose to 323,000. The company also kept investing in digital systems, AI based customer service and improving claims processing efficiency.

On 21 May 2026, TWR announced an interim dividend of 5.0 cents per share. It will trade ex-dividend on 10 June 2026 and will be paid to shareholders on 25 June 2026.

ALS Limited (ASX: ALQ)

ALS Limited on 18 May 2026, shared FY26 results. Revenue reached $3.32bn, increased 10.7%. Underlying EBIT was $599.0m, rising 19.3% with margin at 18.0% driven by stronger Commodities performance. Life Sciences showed mixed growth.

Underlying NPAT was $381.2m, increased 25.8%. Statutory NPAT reached $318.7m, increasing 24.4%. Free cash flow totalled $674.1m, with cash conversion at 92%.
Balance sheet showed leverage of 1.5x and liquidity above $580m. Dividend was 23.1 cents per share, totalling $117.2m with 57% payout ratio. The record date 15 June 2026 and payment date on 3 July 2026.

FY27 outlook targets mid to high single digit organic growth and margin expansion similar to FY26. Sydney Enviro and Lima Geochemistry hubs go live in H2 FY27. FX impact: $3m EBIT and $2m NPAT per 1% move with $5–10m risk and early Lab of the Future returns. Digital, automation and AI investment strengthening longer term capability into future growth phase outlook.

(Source: Company Report)