Best Upcoming ASX Dividend Stocks

For investors hunting for quick passive income in a volatile market, Perenti, Horizon Oil, and K&S Corporation are the stocks backed by strong cash flows and consistent dividends.

Upcoming ASX Dividend Stocks

Perenti Limited (ASX: PRN)

Horizon Oil Limited (ASX: HZN)

K&S Corporation Limited (ASX: KSC)

Perenti Limited (ASX: PRN)

had a very strong year in FY25 showing record results and proving again why it is one of the top global mining service companies.

The company posted a revenue of around A$3.49 billion which is up by 4% compared to last year. EBITDA came in at A$668 million driven by solid work across both contract mining and drilling areas.

Its Net profit after tax grew 8% to A$178 million and leverage also got better showing a stronger balance sheet and good control over cash.

Free cash flow also hit a new record of A$286 million while normalised free cash flow stood at A$195 million after Adjusting for the sale of equipment and inventory in Botswana.

The company declared a final dividend 4.2 cents per share making the total dividend for FY25 to be 7.25 cents which is up from 6 cents in FY24.The dividend is unfranked with ex-dividend date of 15 October 2025 and payment is on 30 October 2025.

With a current annual yield of 2.53%, Perenti looks well placed for another strong year thanks to its steady growth, lower debt levels and a healthy project pipeline worth A$6.5 billion which should help in keeping up good cash flows.

Horizon Oil Limited (ASX: HZN)

showed a pretty strong performance in FY25 keeping its cash flows steady and maintaining one of the best dividend yields on ASX.

It made sales revenue of about US$105.3 million and EBITDAX of US$54.8 million showing good production and efficient operations across its oil fields in Papua New Guinea, New Zealand and China.

Total sales volume was around 1,617,218 barrels of oil equivalent (boe) while operating cash flow came at US$35.9 million which helped the company to keep rewarding shareholders.

The company finished the year with cash of US$39.8 million and a net cash position of US$13.7 million which means it has no debt and follows a very careful capital approach.

It declared a final dividend of 1.5 cents per share making total FY25 dividend 3 cents per share which gives a high current annual yield of 13.33%. The dividend is unfranked with ex-dividend date on 15 October 2025 and payment is on 24 October 2025.

With its steady cash generation and solid reserves Horizon Oil looks set to keep rewarding investors in the future.

K&S Corporation Limited (ASX: KSC)

had a pretty solid FY25 as the company managed to stay strong mainly cause of good cost control and steady demand in logistics across Australia and New Zealand.

It made around A$744.8 million in operating revenue and EBITDA stood at A$90.7 million. The statutory profit after tax came to about A$29.2 million which shows the company is in a good financial position.

Cash flow from operations was A$61 million showing that the business is still generating enough money to keep paying dividends and invest in new stuff.

K&S also announced a final dividend of 8 cents per share which is fully franked, giving around 4.65% annual yield to shareholders. The ex-dividend date is 16 October 2025 and payment is on 4 November 2025.

Even though revenue dropped by 9.7% compared to last year because of higher costs and a few contracts ending, the EBIT still went up by 3.6% to A$46.5 million. That means margins got better and operations ran more efficiently.

With total assets worth A$699 million and shareholders’ funds of A$373.6 million, K&S looks well funded and ready for a stable FY26 ahead.

(Source: Company Announcements)