3 Best ASX Stocks to Buy in 2026 for Growth and Dividends

The top three ASX to buy are supported by strong recent results and a consistent dividend, providing a constant source of income to investors.

Macquarie Group Limited (ASX: MQG)

One of the top financial services ASX stocks with a market capitalisation of A$95.84B and an annual partly franked dividend yield of 2.80%.

MQG had announced on 23 July 2026 its full year results for the period ended on June 2026. The operating income increased by 13% YoY to ~A$19.5B. Contribution wise 32% of total income comes from Australia, 31% from America, 28% from EMEA and 9% from Asia.

Profits increased by 30% to A$4.8M, making an annualised return on equity of 14% (+280 bps YoY) and a return on tangible equity of 14.8% (+210 bps YoY). EPS grew by 30% YoY to A$12.77, and MQG announced a partly franked 2H26 ordinary dividend of A$4.20, making the FY26 partly franked ordinary dividend of A$7.

MQG has reported assets under management of A$722.1B (+8% YoY, as of March 2026). They reported a CET1 ratio of 12.8% and a group capital surplus of A$9.3B. MQG has maintained strong credit ratings, with S&P, Moody’s and Fitch all rated above A.

Wesfarmers Limited (ASX: WES)

One of the best consumer cyclical stocks to consider, with a current market capitalisation of A$87.75B and an annual fully franked dividend yield of 3.38%.

WES had announced on 27 August 2026 its full year results for the period ended on June 2026. Overall revenue increased by 3.4% YoY to A$47.3B. Segment wise, the burning group reported the maximum revenue share with a revenue of A$20.4B (+4.1% YoY), followed by Kmart Group with a revenue of A$11.8B. Revenue from the Wesfarmers Health segment grew the most by 9% YoY to A$6.5B.

EBIT increased by 6.4% YoY to A$4.2B, and NPAT (excluding significant items) increased by 8% YoY to A$2.9B, making the basic earnings per share (excluding significant items) of A$2.534 per share (+8.3% YoY).

Operating cash flow stood at A$4.2B, with capital expenditure reduced by 29.1% to $0.8B, making a free cash flow of ~A$4B (+15.8% YoY). WES reported a cash conversion ratio of 91% and debt to EBITDA of 1.9x with net financial debt of A$5.3B. Return on equity (excluding significant items) increases by 4.3 ppt to 35.5%. WES announced a fully franked dividend of A$2.22 per share (+7.8% YoY).

WES is well positioned to deliver satisfactory returns to shareholders over the long term. The group expects net capital expenditure of between A$1.3B-A$1.5B for FY27, subject to net property investment and the timing of project expenditures.

Woodside Energy Group Limited (ASX: WDS)

One of the leading energy companies listed in ASX with a current market capitalisation of A$61.46B and an annual fully franked dividend yield of 5.04%.

WDS had announced on 25 August 2026 its half yearly results for the period ended on June 2026. Total production volume reached 86.5 MMboe with a unit production cost of US$8.8 per boe. WDS has maintained high asset reliability, with operated LNG facilities achieving 98.7% reliability, Sangomar 99.5%, and Shenzi 99.1%.

Operating revenue increased by 13% YoY to US$7.4B, with the average realised price growing by 20% to US$74 per boe. Underlying PAT increased by 7% YoY to US$1.3B, and free cash flow increased massively by 1.6x to US$352M. WDS reported a return on equity of 9.3% and half year fully franked dividend of US$0.57 per share

(Source: Company Announcements)