Top ASX dividend stocks to watch in April 2026

These four ASX companies show strong dividend yields with steady performance and clear growth outlook. 

ASX dividend stocks to watch in April 2026

Tower Limited (ASX: TWR) 

IPH Limited (ASX: IPH) 

DigiCo Infrastructure REIT (ASX: DGT) 

GrainCorp Limited (ASX: GNC) 

Tower Limited (ASX: TWR) 

Tower Limited on 18 February 2026 shared its four-month performance to 31 January 2026. Gross written premium reached $204m with 2% growth. New Zealand policies rose 5% led by house and contents. Customer numbers increased to 323000 up by 12000.

Claims handling improved with 53% of motor claims sent straight to repairers and 74% completed through partner networks. Risk pricing reduced exposure to natural hazards with lower expected losses. The expense ratio held near 30.5%. 

For the year ended 30 September 2025 underlying profit reached $107.2m while reported profit was $83.7m. Premiums were $600m and customers grew to 318000. Total dividend was 24.5 cents per share.

Guidance for year ending 30 September 2026 expects underlying profit between $55m and $65m with full use of the $45m event allowance. Premium growth is forecast at 5% to 10%. Expense ratio is expected between 31% and 32%.

IPH Limited (ASX: IPH) 

IPH Limited on 19 February 2026 shared its HY26 results for the half year ended 31 December 2025. The company revenue increased 6.5% to $363.9m. Underlying EBITDA increased 6.6% to $107.1m. Statutory NPAT grew 10.5% to $41.2m. 

Growth came from Canada and Asia while ANZ declined. The Canada business included added contribution from a past acquisition. About 58% of EBITDA was generated outside ANZ. Underlying NPATA reached $62.6m with EPSA of 24.0 cents.

Cash conversion was 101%. Net debt reduced to $339.3m with leverage at 1.8x. Interim dividend was 19.0 cents per share with 20% franking. Record date is 27 February 2026 and payment on 24 March 2026. IPH's Current dividend yield stands at 11.25%.

An on market buy back starts 9 March 2026 for up to 12 months. Focus areas include growth in Canada and Asia plus cost control and wider use of AI in operations.

DigiCo Infrastructure REIT (ASX: DGT) 

DigiCo Infrastructure REIT on 20 February 2026 shared its half year results for period ended 31 December 2025 with underlying revenue reached $108 million with 12% growth. EBITDA rose 15% to $57 million. Distribution for the half was 6.0 cents per security. Current yield stands at 9.33%.

The group secured 22MW of new contracts across Australia. Total contracted capacity reached 85MW showing strong growth. SYD1 site is fully contracted. Cost changes are expected to save about $5 million each year.

The SYD1 88MW expansion is approved with early stage delivery planned in Q2 2026. CHI1 Phase 3 is also on track for completion in Q2 2026. The expansion will be delivered in stages over three years.

Guidance for FY26 remains with EBITDA at $125 million. Run rate EBITDA target for July 2026 is $180 million. Growth spending is set at $160 to $180 million. Full year distribution is expected at 12.0 cents per security.

GrainCorp Limited (ASX: GNC) 

shared FY26 guidance. Underlying EBITDA is expected between $200M and $240M. Underlying NPAT is seen at $20 million to $50 million. This excludes transformation costs and the Canada asset sale. Current dividend yield stands at 7.29%.

The East Coast Australia harvest is mostly complete. Global grain supply remains high with low prices. Grower selling is slow which is reducing export margins. 

GNC is focusing on cost control during this cycle. Efforts are aimed at maintaining service quality whereas managing expenses. 

For FY25 EBITDA reached $308 million and NPAT was $87 million. Cash position stood at $321 million. Total dividend for the year was 48 cents per share along with a share buy back.

(Source: Company Reports)