ASX Stocks on the Watchlist of Dividend Investors

Passive income seekers looking for a regular stream of dividend income can add these stocks to their portfolio. 

IPH Limited (ASX: IPH)

had a good run in FY25 with revenue touching A$710.3 million which is 16.6% higher than last year. NPAT was also up by 13.2% reaching to A$68.8 million. Underlying EBITDA came in at A$207.2 million showing 6% growth helped by the new Canadian acquisitions and stable results from Australia and Asia. Operating cash flow stayed very strong at 103% of EBITDA which shows the business runs on a capital light model. The company paid out a final dividend of 19.5 cents per share which was 30% franked making the total dividend for FY25 at 36.5 cps which is in line with the payout policy of 80–90% of cash NPAT. The annual yield works out to 9.97% making IPH one of the higher yielding companies on the ASX. 

Spark New Zealand (ASX: SPK)

had its revenue dropped 2.5% to about NZD$3.73 billion in FY25 and its NPAT was down 17.7% to NZD$260 million. EBITDAI also fell by 7.7% to NZD$1.05 billion but free cash flow stayed solid at NZD$330 million mainly because of lower capital spending. For investors looking at income there was a total unfranked dividends of 25 cents per share which  gives a strong annual yield of 10.49%. During the year Spark also did a big strategic move by selling 75% of its data centre business for around NZD$705 million while keeping 25% stake for future growth and putting the rest back into its main connectivity business. Going forward the company shared its new 5 year SPK-30 strategy and for FY26 it guided adjusted EBITDAI of NZD$1.01 to 1.07 billion free cash flow between NZD$290 to 330 million and more importantly dividend payout of 100% of free cash flow.

BSP Financial Group Limited (ASX: BFL)

is the biggest bank in the South Pacific and it showed a strong performance in 1H25.Revenue went up by 9.8% reaching PGK1.6 billion and statutory NPAT also grew 9.8% to PGK572 million mainly driven by better FX income and more lending. Operating profit rose 4.7% to PGK921 million but expenses were higher because of spending on the “Modernising for Growth” program. The bank announced an unfranked interim dividend of PGK0.50 per share  which is 11.1% more than 1H24 and keeps up its long history of paying back to shareholders. Together with the March 2025 final dividend of PGK0.3883 the total payout till now is PGK0.8883 per share in FY25.This gives an annual dividend yield of 7.26% 

Woodside Energy (ASX: WDS)

had a strong first half of 2025. Operating revenue increased by 10% to about US$6.6 billion. EBITDA was around US$4.6 billion giving a solid margin of 70% NPAT was US$1.3 billion which is lower than last year as realised prices were down and depreciation costs went up. Operating cash flow however improved by 40% to US$3.3 billion showing the strength of the core business. Shareholders recently got a fully franked interim dividend of 53 US cents which along with the slightly higher final dividend equates to an annual yield of 7.1% and payout ratio of 80%. The main projects are moving forward with Scarborough LNG now 86% done and aiming for H2 2026, Trion at 35% and expected to produce first oil in 2028 and Beaumont Ammonia project planned to begin production in late 2025. 

(Source: Company Announcements)