Where to Invest $1,000 In ASX Dividend Stocks Today
Looking to put $1,000 to work? These ASX stocks are delivering great cash flows and even better dividend yields which is perfect for investors chasing steady passive income.
Kina Securities Limited (ASX: KSL)Β
is one of the top financial service providers in Papua New Guinea and keeps showing steady growth.
It posted a net profit after tax of PGK 57.7 million for the first half of FY25 which is up by 37% from last year helped by strong lending and higher digital revenues and total revenue went up 10% to PGK 251 million showing solid results across its banking, foreign exchange and wealth management divisions.
The company paid an interim dividend of 4.5 cents per share which is 13% higher than last period and gives a current annual yield of 7.31%.
The balance sheet is strong and the company keeps investing in technology, putting it in a good position to deliver stable earnings and dividends for investors.
Tower Limited (ASX: TWR)Β
is a New Zealand based general insurer that keeps showing strong financial numbers backed by its focus on risk control and steady customer growth.
For the half year ended 31 March 2025, Tower posted a net profit after tax of NZ$49.7 million which is 38% higher than last year and its revenue also went up 10% to NZ$295.8 million.
It paid an interim dividend of 8 cents per share which followed a final dividend of 6.5 cents earlier in the year which brings its current annual yield to 7.58%.
With great solvency levels and stable customer base Tower looks ready to keep delivering stable profits and attractive dividends in future.
Smartgroup Corporation Limited (ASX: SIQ)Β
has been doing quite well lately as the company has worked on improving its base by upgrading tech systems and trying to grow its customer base across corporate, government and not-for-profit areas.
For the first half of FY25, Smartgroup posted revenue of about $159.1 million which is 7% higher than same period last year and EBITDA came in at $63.6 million which grew 13%, showing better margins and efficiency.
The board paid fully franked interim dividend of 19.5 cents per share which brings the current annual yield to 6.32%.
The balance sheet looks healthy too with low debt and good cash flow which helps them invest more in tech and customer service while keeping steady dividend payments.Β
Super Retail Group Limited (ASX: SUL)Β
is the company behind popular brands like Supercheap Auto, Rebel, BCF and Macpac.Β
For FY25, the company reported total sales of about $4.07 billion which is 4.5% higher than last year. All four main brands performed well in the second half helped by stable demand and continued focus on digital and loyalty programs.Β
The company also paid a fully franked interim dividend of 64 cents which gives it a current annual yield of 5.73%.
The balance sheet looks healthy, store count has grown to 782 and online sales are improving as Super Retail Group looks well placed for long term growth and remains a good option for investors who want passive income.
(Source: Company Announcements)
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