3 Top ASX dividend shares to buy

Tower, Premier Investments and Cedar Woods stand out as attractive ASX dividend shares, combining dividend payments with business growth, earnings visibility and expansion opportunities.

Tower Limited (ASX: TWR)

Tower Limited (ASX: TWR), on 21 May 2026, shared HY26 results. TWR achieved underlying NPAT of $36.8 million and reported profit of $22.9 million for the six months ended 31 March 2026. A fully imputed interim dividend of 5 cents per share was declared. The result came amid pricing pressure, higher weather related claims and global market volatility.

Gross written premium increased 1% to $301 million whereas customer numbers rose 5% year-on-year to 327,000. Over the previous 12 months, 15,000 customers were added driven mainly by a 9% increase in New Zealand home insurance policies.

Business-as-usual claims ratio was 44%, management expense ratio reached 31%, and large event costs were $18.5 million. Reported earnings included customer remediation expenses linked to a resolved historical discount issue, together with operational streamlining costs and a software impairment.

For FY26, gross written premium growth is now expected to be in the low-single digits, revised from 5%-10%. Underlying NPAT guidance remains $55 million to $65 million, assuming full use of the $45 million large event allowance.

Premier Investments Limited (ASX: PMV)

on 20 March 2026, released its 1H26 results. PMV achieved 1H26 profit before tax of $141.9 million and statutory net profit after tax of $101.7 million for the 26 weeks ended 24 January 2026. Earnings included $119.3 million EBIT from Premier Retail and income from its investment in Breville.

Premier Retail recorded sales of $452.8 million, down 0.5%. Peter Alexander sales increased 4.9% to $312.3 million whereas Smiggle sales declined 10.7% to $140.5 million. The online sales contributed 22.7% of total revenue. The gross margin was 66.9% and EBIT margin reached 26.4%.
Peter Alexander continued expanding across product categories and markets. The “Peter’s Dreamers” loyalty program, launched in October 2025, is progressing toward more than one million customer acquisitions by FY26 end. Additional store opportunities and international growth initiatives are being explored.

Smiggle is undertaking a strategic reset, with inventory changes during 2H26 and new product launches planned for 1H27. A fully franked interim dividend of 45 cents per share will be paid on 20 August 2026.

Cedar Woods Properties Ltd (ASX: CWP)

Cedar Woods Properties Ltd (ASX: CWP), on 5 June 2026, provided an update on acquisition activity, adding development sites in Victoria and Queensland. The Kealba site was secured for $30.85 million and is planned for the about 200 townhouses. Fairfield was acquired for $27.25M and is expected to deliver more than 500 apartments. South Maclean settled in May 2026, adding around 47 lots.

The company is also advancing two potential land purchases in Western Australia, which remain subject to negotiations and due diligence. Also, a conditional agreement was executed in 3Q26 for a 2.1 hectare site in Springvale, Victoria, expected to deliver about 91 townhouses from FY30.
During 4Q, enquiry and sales activity eased due to lower stock availability and weaker consumer confidence. However, housing shortages continue across key markets where the company operates.

At 31 March 2026, over 80% of forecast FY27 revenue was presold and presales exceeded $788 million. Cedar Woods remains on track for FY26 NPAT growth of 30% to 35% and expects further profit growth in FY27.

(Source: Company Report)