Top ASX stocks have some high quality dividend stocks, which, while giving a high yield also define stability. Considered among ASX best long term dividend stocks these are
Air New Zealand Limited (ASX: AIZ)
Air New Zealand Limited (ASX: AIZ) has maintained a strong dividend yield of 5.14%, offering consistent returns to investors. The airline has experienced a 3.9% increase in group capacity for November 2024 compared to the same month last year. This growth includes a 5.7% rise in long-haul international available seat kilometers (ASKs), 1.4% growth in short-haul international ASKs, and a 2.2% increase in domestic ASKs. The domestic market has been bolstered by increased leisure demand, driven by high-profile events and concerts, although overall, the airline’s year-to-date (YTD) underlying revenue per available seat kilometer (RASK) has declined by 0.5%. Short-haul YTD RASK, which includes the domestic, Tasman, and Pacific Islands networks, dropped by 2% due to weaker domestic demand, while long-haul YTD RASK showed a slight decrease of 0.2%, influenced by competition on North American routes.
The airline is also advancing its sustainability efforts, with an exciting step forward in its mission to introduce electric aircraft. Starting mid-2025, Air New Zealand will begin a technical demonstrator program using the ALIA CX300 battery-electric aircraft, marking the first step toward its commercial cargo operations planned for 2026. This aircraft will initially operate from Hamilton Airport and gradually expand its route to Wellington, offering valuable data to refine operations and understand the aircraft’s performance in New Zealand's unique environment. The airline has also invested in necessary charging infrastructure to support this transition, with mobile chargers planned for key airports.
To address the softening domestic demand, particularly from corporate and government sectors, Air New Zealand has announced minor adjustments to its domestic network. Between February and June 2025, the airline will reduce domestic capacity by 2%, a strategic move to manage high operating costs and reduced demand. These changes are part of the airline’s regular network review process, aimed at adapting to market conditions while maintaining essential services to communities. Passengers affected by these changes will be notified directly, with alternative travel options provided.
BHP Group Limited (ASX: BHP)
BHP delivered a strong start to FY25, with year-over-year production growth across key commodities despite some quarter-on-quarter declines. Copper production rose 4% YoY, driven by higher grades and recoveries at Escondida, while WAIO production increased 3% YoY following the successful completion of the Port Debottlenecking Project and the South Flank ramp-up. Steelmaking coal demonstrated early signs of stabilization, with a significant 20% YoY production increase when excluding recently divested assets. The company also advanced its copper growth strategy with a proposed 50/50 joint venture with Lundin Mining to develop a major copper discovery in Argentina and finalized arrangements to jointly acquire Filo Corp. alongside Lundin Mining. This consolidation of projects, including Filo del Sol and Josemaria, is expected to close in Q3 FY25, subject to regulatory approvals. Meanwhile, the Jansen Stage 1 potash project in Canada reached 58% completion, remaining on track for first production in FY27.
China’s recent monetary easing and anticipated fiscal stimulus present potential tailwinds for commodity demand, particularly in property stabilization and infrastructure. BHP remains optimistic about copper's long-term outlook, projecting demand to grow 70% by 2050, supported by trends in electrification, energy transition, and digital infrastructure. The company’s upcoming investor site visit to its Chilean copper assets underscores its commitment to showcasing its robust growth pipeline in this segment.
Quarter-on-quarter results reflected planned maintenance and operational adjustments. Copper production declined 6% QoQ to 476kt, driven by maintenance activities at Escondida and Spence. Iron ore production fell 7% QoQ to 65Mt due to maintenance and tie-in activities at WAIO. Steelmaking coal and energy coal production decreased 8% and 2% QoQ, respectively, impacted by operational challenges, mine sequencing, and weather disruptions. Nickel production saw the largest drop, declining 15% QoQ to 19.6kt as operations transitioned to temporary suspension. Despite short-term variability, BHP continues to deliver consistent shareholder returns, supported by a dividend yield of 5.54%. Management's long-term strategy remains focused on executing growth initiatives and capitalizing on structurally supportive market conditions, particularly in copper.
Source: Company’s Report
Veye Pty Ltd(ABN 58 623 120 865), holds (AFSL No. 523157 ). All information provided by Veye Pty Ltd through its website, reports, and newsletters is general financial product advice only and should not be considered a personal recommendation to buy or sell any asset or security. Before acting on the advice, you should consider whether it’s appropriate to you, in light of your objectives, financial situation, or needs. You should look at the Product Disclosure Statement or other offer document associated with the security or product before making a decision on acquiring the security or product. You can refer to our Terms & Conditions and Financial Services Guide for more information. Any recommendation contained herein may not be suitable for all investors as it does not take into account your personal financial needs or investment objectives. Although Veye takes the utmost care to ensure accuracy of the content and that the information is gathered and processed from reliable resources, we strongly recommend that you seek professional advice from your financial advisor or stockbroker before making any investment decision based on any of our recommendations. All the information we share represents our views on the date of publishing as stocks are subject to real time changes and therefore may change without notice. Please remember that investments can go up and down and past performance is not necessarily indicative of future returns. We request our readers not to interpret our reports as direct recommendations. To the extent permitted by law, Veye Pty Ltd excludes all liability for any loss or damage arising from the use of this website and any information published (including any indirect or consequential loss, any data loss, or data corruption) (as mentioned on the website www.veye.com.au), and confirms that the employees and/or associates of Veye Pty Ltd do not hold positions in any of the financial products covered on the website on the date of publishing this report. Veye Pty Ltd hereby limits its liability, to the extent permitted by law to the resupply of services.