Top ASX dividend stocks

BHP Group Limited (ASX: BHP)

BHP Group Limited  is one of the top ASX dividend stocks with a market capitalisation of approximately $298B. The company produces copper, iron ore, steelmaking coal and energy coal across operations in Australia, the Americas and Asia.

The company in 1H FY26 reported underlying attributable profit of $6.2B, up 22% year on year, as copper overtook iron ore to become the dominant earnings driver for the first time in BHP's history. Copper contributed 51% of group underlying EBITDA, supported by a 31% increase in average realised copper price to US$5.47 per pound and strong operational performance at Escondida and Antamina. 

In April 2026 BHP completed a silver streaming agreement with Wheaton Precious Metals, receiving total upfront consideration of US$4.3B representing its 33.75% share of production from Antamina. BHP also finalised the divestment of its Carajás assets, receiving US$240M on completion with the potential for up to an additional US$225M in contingent payments. Together these transactions realised approximately US$4.8B and strengthen BHP's balance sheet to fund its copper and potash growth program

BHP paid an interim dividend of 73 US cents per share for the half year ended 31 December 2025, equivalent to a 60% payout ratio, with a payment date of 26 March 2026. The stock currently offers an annual dividend yield of approximately 3.33% which reflects the fully franked nature of its distributions and its strong earnings coverage.

National Australia Bank (ASX: NAB) 

National Australia Bank is one of the biggest and most business-focused banks in the country, with a market cap sitting around $113 billion.
On 2 July 2026, NAB declared an interim dividend of 85 cents per ordinary share, fully franked at the 30% company tax rate. The payout matches what was paid this time last year, which in itself is a reassuring sign of consistency. $2.6B is heading back to around 500,000 direct shareholders and indirectly to millions more Australians who hold NAB. With a forward dividend yield sitting at roughly 4.58% and a long track record of fully franked payouts behind it, NAB continues to be the kind of name income investors keep coming back to.

The half-year numbers to 31 March 2026 were solid without being spectacular. Cash earnings came in at $3,558M excluding large notable items up 2.3% on the previous half. Revenue was 3.1% higher, costs came in slightly lower, and net interest margin ticked up over the period. Pull out the notable item and underlying profit grew 6.4%, with every core division contributing. 

Qantas Airways Limited (ASX: QAN) 

Qantas Airways Limited  is one of the top ASX dividend stocks and Australia's flagship airline group operating the Qantas, Jetstar and QantasLink brands. The company generates revenue from domestic and international flying, freight.

Qantas approved a fully franked interim base dividend of $300M, equating to 19.8 cents per share, a 20% increase on the base dividend paid in both 1H25 and 2H25, which was paid on 15 April 2026. The Board also approved an on-market share buyback of up to $150M alongside the dividend, representing total shareholder distributions of up to $450M for the half. The share’s forward fully franked dividend yield is close to 5.4%.

The company for the six months ended 31 December 2025 reported underlying profit before tax of $1,456M, up 5.1% or $71M on the prior corresponding period. Underlying earnings per share increased 7% to 68 cents while statutory profit after tax was $925M.

Group revenue reached $12.9B, supported by a 5% increase in Domestic revenue, a 16% jump in Jetstar revenue and a 12% increase in Loyalty underlying EBIT to $286M. Operating cash flow was $1.8B matching net capital expenditure of $1.8B as the fleet renewal program accelerated.

(Source: Company Reports)