Best 3 ASX stocks with upcoming dividends

Investors looking for reliable passive income may consider the following upcoming ASX dividend stocks to buy as they are supported by strong earnings and stable cash flows.
These companies maintain solid balance sheets and consistent profitability which allows them to offer attractive dividend yields while still retaining the ability to grow in the future.

Horizon Oil Limited (ASX: HZN) 

Horizon Oil Limited deserves attention among upcoming ASX dividend stocks because the company generates strong cash flow and maintains consistent shareholder distributions.

The company in HY26 reported underlying revenue of US$54.2 million and EBITDAX of US$28.6 million which was supported by solid production and contributions from its Thailand assets.
Operating cash flow was strong at US$25.1 million while the balance sheet stayed stable with US$35.6 million in cash and net debt of US$9.8 million.

The company has declared an unfranked interim dividend of 1.5 cents per share with ex-dividend date on 9 April and a payment date of 17 April which equals a yield of 5.6% based on the current stock price.

Exceptional free cash flow and low-cost production assets together with exposure to high energy prices could support solid dividends and performance for the company in 2026.

WAM Capital Limited (ASX: WAM) 

WAM Capital Limited can be a very good option for passive income investors who are looking for upcoming ASX dividend stocks.

The company has declared a 60% franked dividend of 7.75 cents per share which has an ex-dividend date of 18 May and a payment date of 29 May. This equals a yield of 4.65% based on the current share price.

The company manages about $1.5 billion in assets and its investment portfolio has returned 14.9% per year since inception which is well above the broader market over the long-term.

A research driven investment approach is used by the company which focuses on undervalued growth companies with strong cash flow and high return on equity which supports profit generation and dividends.

The portfolio is diversified across sectors and market capitalisations while the company also holds about 20% cash which provides flexibility when new opportunities appear.

WAM Research Limited (ASX: WAX) 

has attracted attention among upcoming ASX dividend stocks because of its consistent dividend history and focus on undervalued growth companies in the Australian market.

The company has declared a 60% franked dividend of 5 cents per share with an ex-dividend date on 13 May and a payment date on 28 May which results in a yield of 4.42% based on the current stock price.

WAM Research manages about $187.9 million in assets and since the investment strategy change in 2010, the investment portfolio has delivered performance of 13.6% per annum which is higher than the broader market.

The portfolio has diversification across sectors such as industrials, financials, communication services and information technology which provides balanced growth opportunities.

(Source: Company Reports)