Best ASX Dividend Stocks

These companies reported mixed results with growth in profits, revenue changes, dividends, cost savings and updated forward guidance across operations.

5 Best ASX Dividend Stocks

Spark New Zealand Ltd (ASX: SPK) 

Tower Ltd (ASX: TWR) 

Inghams Group Ltd (ASX: ING) 

GrainCorp Ltd (ASX: GNC) 

Steadfast Group Ltd (ASX: SDF) 

Spark New Zealand Ltd (ASX: SPK) 

Spark New Zealand Ltd on 18 February 2026 shared its H1 FY26 results. Revenue was $1,893m which fell 1.2% and adjusted revenue was $1,917m, down 1.1%.

Profit improved. EBITDAI was $448m, increased 10.3% and adjusted EBITDAI was $471m, up 5.1%. NPAT rose to $64m, up 82.9% whereas adjusted NPAT was $73m, up 30.4%. An 8 cents per share dividend was announced.

Mobile, broadband, and cloud grew, while other services declined. The company saved $51m in costs. Capital spending was $271m and free cash flow increased to $107m, up 84%.
FY26 guidance was confirmed. The EBITDAI is expected at $1,010m–$1,070m, free cash flow at $290m–$330m, BAU capex at $380m–$410m and strategic capex around $55m.

Tower Ltd (ASX: TWR) 

Tower Ltd FY25 full year result showed underlying profit of $107.2m and achieved profit of $83.7m. Gross written premium was $600m, customer numbers were 318000, combined operating ratio was 74.1 percent and total dividend was 24.5 cents per share.

Strategic plan targets $750m gross written premium by FY28 through Westpac NZ partnership, Kiwibank back book referral, stronger marketing, improved risk rating and simpler pricing structure.
On 18 February 2026, a trading update showed four month growth with GWP of $204m, customer base of 323000, BAU claims ratio of 43 percent and management expense ratio of 30.5 percent, along with storm related costs during the period.

Half year results for the six months ending 31 March 2026 will be released on 21 May 2026 and FY26 guidance remains unchanged for the full year outlook.

Inghams Group Ltd (ASX: ING) 

Inghams Group Ltd In 2026 Investor Day 15, focus shows stabilising business, EBITDA run-rate improved, operations better in yield, labour planning, $25m inventory reduction, ranked #1 poultry partner
Key messages chicken category attractive, past returns understate asset quality, execution unlocks value per bird, stabilisation supports growth and improved earnings outlook ahead of period
Partnering focuses freshness reliability trust, integrated network improves service, become most trusted partner, lead category through innovation and stronger customer integration and execution discipline focus

FY26 trading update confirms underlying EBITDA guidance $180m to $200m, execution pipeline unlocks over $100m EBITDA upside, Trans-Tasman model supports margin expansion further growth potential

GrainCorp Ltd (ASX: GNC) 

GrainCorp Ltd FY25 result displayed underlying EBITDA of $308m and NPAT of $87m with cash of $321m. GNC also paid a dividend of 24 cents and a special dividend, taking the total payout to 48 cents per share.

Operations handled 31.6mmt of grain across the network, achieving record volumes supported by strong execution despite global supply pressure and weaker pricing conditions.

The strategy focuses on an integrated value chain and disciplined growth, supported by rising population in export markets and increasing protein demand which supports future earnings potential.

Earlier this month, earnings outlook guided EBITDA of $200m to $240m and NPAT of $20m to $50m. Receivals are expected at 11.0mmt to 12.0mmt and exports at 5.5mmt to 6.5mmt. The $75m buyback has been extended with $38m already completed, reflecting continued capital discipline.

Steadfast Group Ltd (ASX: SDF) 

Steadfast Group Ltd on 24 February 2026 shared 1H26 results. SDF achieved statutory NPAT including non-trading items of $127.0m versus $106.4m in 1H25 period comparison shown result released.
In 1H26, underlying EBITA increased 12.6% to $293.6m, driven by subsidiary improvements, acquisitions completed during the period, and disciplined expense control across operations management focus.

The Australasian network produced GWP of $6.4b, up 4.4%, while underwriting agencies reached $1.2b, rising 3.0%, and international EBITA was $9.5m after acquisitions integration gains.
FY26 guidance was reiterated with NPATA $365m–$375m, NPAT $315m–$325m, EBITA $650m–$665m, plus an independent workplace culture review underway across business operations assessment ongoing period update.

(Source: Company Report)