Best ASX Dividend Stocks for 2026
IPH, APA and Tower are strong ASX dividend stocks for 2026. All three have recently reported dividends or distributions backed by profit growth, cash generation or steady business performance.
IPH Limited (ASX: IPH)
IPH Limited (ASX: IPH) declared interim dividend of 19.0 cents per share for the half year ended 31 December 2025. The dividend is 20% franked and will be paid on 24 March 2026. The company also confirmed a DRP price of $3.35 per share. The higher dividend shows that IPH is continuing to return cash to shareholders.
IPH reported revenue of $363.9 million in HY26 up 6.5% from last year. Underlying EBITDA rose 6.6% to $107.1 million while net profit after tax increased 10.5% to $41.2 million. The business was helped by better performance in Canada and Asia although Australia and New Zealand were weaker. IPH also delivered cash conversion ratio of 101% which shows the business is turning profit into cash and supports its dividend payments.
APA Group (ASX: APA)
APA Group (ASX: APA) announced interim distribution of 27.5 cent per security for six months ended 31 December 2025. The payment date is 18 March 2026. APA also kept its FY26 distribution guidance at 58.0 cents per security which is 1 cent higher than FY25. This suggests the company remains committed to steady returns for investors.
APA also delivered solid first half numbers. Underlying EBITDA rose 7.6% to $1,092 million while EBITDA margin improved to 77.3%. Free cash flow increased slightly to $556 million. Management kept FY26 EBITDA guidance unchanged at $2,120 million to $2,200 million and said it expects to be above the midpoint of that range. These numbers give support to APA’s distribution outlook.
Tower Limited (ASX: TWR)
Tower Limited (ASX: TWR) has also stood out for shareholder returns. The company declared a total FY25 dividend of 24.5 cents per share and also returned $45 million of capital to shareholders. This shows Tower has been willing to share strong earnings with investors.
Tower’s recent update showed steady trading in the first four months of FY26. Gross written premium rose 2% to $204 million and customer numbers increased by 12,000 to 323,000. The BAU claims ratio was 43% which is still below the long run average of 48% to 50%. The company also kept its FY26 guidance unchanged at underlying NPAT of $87 million to $97 million excluding large events. This suggests the business is still in good shape although weather claims remain a risk.
(Source: Company Reports)
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