Dividend growth and earnings momentum put these ASX stocks in focus

Dividend announcements and financial results often provide insights into a company’s financial strength and shareholder return strategy. HomeCo Daily Needs REIT, Amcor and Dalrymple Bay Infrastructure have each recently reported their latest earnings alongside distribution updates.

The results highlight improving earnings, resilient operating performance and a continued focus on returning value to shareholders across retail property, global packaging and regulated infrastructure.

Homeco Daily Needs REIT (ASX: HDN) 

declared a March 2026 quarterly distribution of 2.15 cents per unit. The distribution is consistent with the company’s FY26 full-year distribution per unit guidance of 8.6 cents. HDN’s annual distribution yield currently stands at approximately 6.96%.

Homeco Daily Needs REIT for the half year ended 31 December 2025 reported funds from operations of 4.4 cents per unit, up 2.5% on the prior corresponding period and distributions per unit of 4.3 cents up 1.2%. The REIT’s portfolio is valued at $5.1B, concentrated in metropolitan east coast locations, and recorded its fourth consecutive period of positive net property valuations with a gross uplift of $219M or 4.5% over the June 2025 book values.

Occupancy and cash rent collections have been maintained above 99% since IPO, reflecting the defensive nature of the portfolio’s daily needs tenant mix which includes supermarkets, liquor stores, pharmacies, childcare, government services and large format retail anchors. Gearing stood at 34.6% on a proforma basis at December 2025, within the 30 to 40% target range. The company executed $87M of asset disposals during the half at a 1.6% premium to book value, recycling capital into development pipeline opportunities.

Amcor Plc (ASX: AMC) 

has declared a quarterly cash dividend of US$0.65 per share a 2% increase on last year. Amcor is one of the largest packaging companies in the world by volume, listed on the NYSE and ASX, with a market cap of around US$26B following the transformational acquisition of Berry Global, which closed in May 2025. The stock has been quietly ticking higher too up 0.93% over the past week and 1.59% over the past month with dividend yield of 4.12%.

The March quarter numbers reflected what the Berry combination actually looks like at full run rate. Net sales for the three months ended 31 March 2026 came in at US$5,914M up 77% year on year as Berry's full quarterly contribution flowed through for the first time. Adjusted EBITDA reached US$892M, up 87% while adjusted EPS of US$0.96 was up 6%. Year-to-date adjusted EPS of US$2.79 is tracking 11% ahead. Free cash flow guidance was revised down to US$1.5B to US$1.6B from US$1.8B to US$1.9B largely because management made a deliberate call to carry higher inventory levels to protect customer service through Middle East supply disruptions a sensible operational decision even if it weighs on near-term cash flow.

The Berry integration story keeps getting better. Year-to-date synergies have reached US$170M and full-year FY26 synergy guidance has been lifted to US$270M, ahead of the original US$260M target. The three-year program targeting US$650M in total synergies remains on track, spanning procurement savings, G&A efficiencies, growth synergies and financial benefits. On the capital structure side, Amcor completed a one-for-five reverse stock split in January 2026 as it prepares to divest businesses sitting outside its core US$20B flexible and rigid packaging franchise a sensible tidying up of the portfolio as the integration matures.

Dalrymple Bay Infrastructure Ltd (ASX: DBI) 

On 20 May 2026, announced distribution guidance for TY- 26/27 of 28.62 cents per security a 7.7% increase on the TY- 25/26 guidance of 26.375 cents. The Q126 distribution of 6.75 cents per security was also confirmed consistent with prior guidance, with a record date of 26 May 2026 and payment on 12 June 2026. The stock has been one of the better performers on the ASX this year with up by 9.68% year to date and 35.68% over the past twelve months and at current prices it offers a current distribution yield of around 5.8%.

The forecast Terminal Infrastructure Charge for TY-26/27 is approximately $4.02 per tonne an 8.1% increase on the prior year driven by CPI-linked base TIC increases and a meaningful step-up in the Non-Expansionary Capital Expenditure charge component as $97.8M of additional NECAP spend gets rolled into the regulated asset base. The terminal itself remains fully contracted at 84.2M tonnes per annum until 30 June 2028, with evergreen renewal options keeping the revenue line visible well beyond that date.

At the AGM, management reaffirmed its medium-term distribution growth target of 3 to 7% per annum and outlined the road ahead including the next stage of the NECAP expansion program and the longer-term 8X capacity expansion project. Distributions are paid quarterly in March, June, September and December, structured as a mix of unfranked dividend and loan note repayment.

(Source: Company Reports)