Top ASX Dividend Stocks
Forecasted for 2026
As 2026 approaches, the Australian Securities Exchange (ASX) is emerging as an attractive destination for income-seeking investors. With interest rates expected to stabilize and Australia’s domestic economy demonstrating resilience, many ASX-listed companies are well-positioned to deliver compelling dividend yields. This creates valuable opportunities for both experienced dividend investors and newcomers to income investing.
In this analysis, we’ll examine leading ASX dividend prospects for 2026, featuring companies across diverse sectors that are expected to generate strong and consistent income streams. Our selections draw from current analyst projections and emerging market trends, designed to help investors identify promising opportunities for their income-focused portfolios.
Who are the Top ASX Dividend Stocks Forecasted for 2026
| Company | Ticker | Forecasted Dividend Yield (FY26) | Notes |
| Dusk Group Ltd | DUSK.ASX | 15% (grossed-up) | High yield due to low P/E ratio; trading at 6.5x projected profit. |
| APA Group | APA.ASX | 7.9% | Stable utility company with consistent dividend growth. |
| Aurizon Holdings Ltd | AZJ.ASX | 6% | Operates Central Queensland Coal Network; dividend growth expected. |
| New Hope Corporation Ltd | NHC.ASX | 10.24% | Diversified energy company with strong profit margins. |
| IGO Ltd | IGO.ASX | 13.37% | Mineral exploration company focusing on clean energy. |
| Spark New Zealand Ltd | SPK.ASX | 11.60% | Telecom company with consistent dividend payments. |
| WAM Capital Ltd | WAM.ASX | 10.84% | Investment company focusing on undervalued growth stocks. |
Note: Dividend yields are based on forecasts and current share prices; actual yields may vary.
Let’s examine each company and how they have performed over the past few years, reviewing both their stock performance and dividend history.
Dusk Group Ltd (ASX: DSK)
Dusk Group Ltd (ASX: DSK)It is a leading Australian specialty retailer focused on home fragrance products, including candles, diffusers, essential oils, and décor. Operating under the dusk brand, the company sells both in-store and online across Australia and New Zealand.
In FY2024, Dusk reported $126.7 million in revenue and a net profit of $4.3 million, down year-on-year due to rising costs. Despite this, it maintains an attractive dividend yield of around 12.6% (as of June 2025), making it notable for income-focused investors.
Under CEO Vladislav Yakubson, appointed in late 2023, Dusk continues to focus on product innovation, value, and customer experience to maintain its position as a preferred destination for home fragrance and gifting.
Stock Performance
- 12 Months: The share price has declined by approximately 35.98%, from around $1.32 to $0.85.
- 24 Months: Data indicates a continued downward trend, reflecting challenges in the retail sector.
- 36 Months: The stock has experienced volatility, with fluctuations influenced by market conditions and company performance.
Dividend History
12 Months:
- Mar 11, 2025: $0.10
- Sep 11, 2024: $0.04
24 Months:
- Mar 11, 2024: $0.025
- Sep 13, 2023: $0.03
- Mar 13, 2023: $0.08
- Sep 12, 2022: $0.10
36 Months:
- Mar 11, 2022: $0.10
- Sep 9, 2021: $0.10
- Mar 12, 2021: $0.15
APA Group (ASX: APA)
APA Group (ASX: APA)It is one of Australia’s largest energy infrastructure companies, owning and operating key natural gas pipelines, electricity interconnectors, and renewable energy assets nationwide.
Founded in 2000, APA delivers around half of Australia’s gas and is expanding its East Coast Gas Grid to meet rising demand. The company is also investing in wind and solar projects as part of its energy transition strategy.
In FY2024, APA reported $3.06 billion in revenue and maintained a strong dividend profile. Led by CEO Adam Watson, APA remains a key player in Australia’s energy supply chain and infrastructure development.
Stock Performance
- 12 Months: The share price has declined by about 11%, from $8.23 to $7.12.
- 24 Months: The stock has faced challenges, with a notable decline over the period.
- 36 Months: Over the past five years, the share price has decreased by more than 33%, reflecting investor concerns over corporate activities.
Dividend History
12 Months:
- Dec 30, 2024: $0.27
- Jun 27, 2024: $0.295
24 Months:
- Dec 28, 2023: $0.265
- Jun 29, 2023: $0.29
- Dec 29, 2022: $0.26
- Jun 29, 2022: $0.28
36 Months:
- Dec 30, 2021: $0.25
- Jun 29, 2021: $0.27
- Dec 30, 2020: $0.24
Aurizon Holdings Ltd (ASX: AZJ)
Aurizon Holdings Ltd (ASX: AZJ)It is Australia’s largest rail freight operator, transporting over 250 million tonnes of commodities annually. The company operates through three main segments:
- Network: Manages the Central Queensland Coal Network, a 2,670 km rail system under a 99-year lease, connecting coal mines to export terminals.
- Coal: Provides rail haulage services for metallurgical and thermal coal from mines in Queensland and New South Wales to domestic customers and export terminals.
- Bulk: Offers integrated supply chain solutions, including rail and road transportation, port services, and material handling for various commodities such as agricultural products, minerals, and industrial goods.
In FY2024, Aurizon reported revenues of approximately AUD 3.84 billion and a net income of AUD 406 million.
Stock Performance
- 12 Months: The share price has decreased by approximately 21.71%, from $3.80 to $2.98.
- 24 Months: The stock has experienced a decline, influenced by market dynamics and company performance.
- 36 Months: Long-term performance shows fluctuations, with periods of both growth and decline.
Dividend History
12 Months:
- Mar 3, 2025: $0.0444
- Aug 26, 2024: $0.0352
24 Months:
- Feb 26, 2024: $0.0468
- Aug 28, 2023: $0.0386
- Feb 27, 2023: $0.0338
- Aug 22, 2022: $0.0526
36 Months:
- Feb 28, 2022: $0.0507
- Aug 23, 2021: $0.0695
- Mar 1, 2021: $0.0695
New Hope Corporation Ltd (ASX: NHC)
New Hope Corporation Ltd (ASX: NHC)It is a diversified Australian energy company primarily engaged in thermal coal mining, with additional interests in oil, gas, agriculture, and logistics. Founded in 1952 and headquartered in Brisbane, it operates major assets like the Bengalla Mine in New South Wales and the New Acland Mine in Queensland. The company also owns Queensland Bulk Handling, a coal export terminal.
In FY2024, New Hope reported revenues of approximately AUD 1.97 billion and a net income of AUD 564.5 million.
Stock Performance
- 12 Months: The share price has decreased by 25%, from $4.96 to $3.72.
- 24 Months: Despite recent declines, the company has made more profit in the past two years than the previous 16 years combined.
- 36 Months: The stock has shown significant growth over five years, delivering a 294% gain.
Dividend History
12 Months:
- Mar 24, 2025: $0.19
- Oct 3, 2024: $0.22
24 Months:
- Apr 15, 2024: $0.17
- Oct 23, 2023: $0.09 (special)
- Oct 23, 2023: $0.21
- Apr 17, 2023: $0.3
36 Months:
- Oct 24, 2022: $0.31
- Apr 14, 2022: $0.17
- Oct 25, 2021: $0.07
- Apr 19, 2021: $0.04
IGO Ltd (ASX: IGO)
IGO Ltd (ASX: IGO)It is an Australian mining company specializing in battery and clean energy metals, notably lithium and nickel. The company operates the Nova nickel-copper-cobalt mine in Western Australia and holds a 49% stake in Tianqi Lithium Energy Australia, which owns a majority share in the Greenbushes lithium mine and the Kwinana lithium hydroxide refinery.
In FY2024, IGO reported revenue of AUD 841.3 million and a net income of AUD 2.8 million, reflecting challenges in the nickel sector and a strategic shift towards lithium-focused operations.
Stock Performance
- 12 Months: The share price has declined by approximately 43.29%, from $7.60 to $4.31.
- 24 Months: The stock has faced a downturn, influenced by market conditions and company-specific factors.
- 36 Months: Long-term performance indicates volatility, with periods of both growth and decline.
Dividend History
12 Months:
- Sep 11, 2024: $0.26
- Mar 12, 2024: $0.11
24 Months:
- Sep 13, 2023: $0.6
- Mar 16, 2023: $0.14
- Sep 15, 2022: $0.05
- Mar 3, 2022: $0.05
36 Months:
- Sep 7, 2021: $0.1
- Sep 10, 2020: $0.05
- Mar 3, 2020: $0.05
Spark New Zealand Ltd (ASX: SPK)
Spark New Zealand Ltd (ASX: SPK)It is a leading telecommunications and digital services provider in New Zealand, offering mobile, broadband, cloud, and IT solutions to consumers, businesses, and government clients. Formerly known as Telecom New Zealand, the company rebranded to Spark in 2014 to reflect its digital transformation.
In the fiscal year ending June 30, 2024, Spark reported revenue of NZD 3.86 billion and a net income of NZD 316 million. The company declared a total dividend of 27.5 NZ cents per share for FY24, fully imputed.
Stock Performance
- 12 Months: The share price has decreased by 44.44%, from $3.71 to $2.06.
- 24 Months: The stock has experienced a significant decline, reflecting challenges in the telecommunications sector.
- 36 Months: Over the past three years, the share price has decreased by 50.70%, indicating ongoing pressures
Dividend History
12 Months:
- Mar 20, 2025: $0.14
- Sep 20, 2024: $0.14
24 Months:
- Mar 20, 2024: $0.14
- Sep 20, 2023: $0.14
- Mar 20, 2023: $0.14
- Sep 20, 2022: $0.14
36 Months:
- Mar 20, 2022: $0.14
- Sep 20, 2021: $0.14
- Mar 20, 2021: $0.14
WAM Capital Ltd (ASX: WAM)
WAM Capital Ltd (ASX: WAM) It is an Australian-listed investment company managed by Wilson Asset Management. It focuses on investing in undervalued growth companies listed on the ASX, particularly small to medium-sized businesses. The company’s objectives are to provide shareholders with a stream of fully franked dividends, capital growth, and capital preservation.
As of June 2025, WAM Capital reported a net profit after tax of approximately AUD 229 million and maintained a dividend yield of around 10%, distributing fully franked dividends of 7.75 cents per share semi-annually.
Stock Performance
- 12 Months: The share price has decreased by 8.04%, from $1.68 to $1.55.
- 24 Months: The stock has shown relative stability, with minor fluctuations.
- 36 Months: Long-term performance indicates modest growth, supported by consistent dividend payments.
Dividend History
12 Months:
- Apr 16, 2025: $0.0775
- Oct 18, 2024: $0.0775
24 Months:
- Apr 19, 2024: $0.0775
- Oct 20, 2023: $0.0775
- Apr 21, 2023: $0.0775
- Oct 21, 2022: $0.0775
36 Months:
- Apr 22, 2022: $0.0775
- Oct 22, 2021: $0.0775
- Apr 23, 2021: $0.0775
Based on the current share prices and forecasted dividend yields for FY26, here are the estimated annual dividend amounts per share for each company:
| Company | Ticker | Current Share Price (AUD) | Forecasted Dividend Yield (FY26) | Estimated Annual Dividend (AUD) |
| Dusk Group Ltd | DSK | $0.86 | 15% (grossed-up) | $0.13 |
| Aurizon Holdings Ltd | AZJ | $2.98 | 6% | $0.18 |
| New Hope Corporation Ltd | NHC | $3.72 | 10.24% | $0.38 |
| IGO Ltd | IGO | $4.19 | 13.37% | $0.56 |
| Spark New Zealand Ltd | SPK | $2.06 | 11.60% | $0.24 |
| WAM Capital Ltd | WAM | $1.56 | 10.84% | $0.17 |
Notes:
- The estimated annual dividend is calculated by multiplying the current share price by the forecasted dividend yield.
- Dividend yields are based on forecasts and current share prices; actual yields may vary.
What you learn here has been used in our Trade for Good software.
Click on the button to find our software education videos.
You can read more of our educational articles in the Trade for Good Learn section
Trade for Good Learn
