Passive income seekers can find these good quality dividend stocks interesting as they have upcoming high yield dividends.
Autosports Group Ltd (ASX: ASG)
For the half-year ending December 2024, Autosports Group Ltd (ASX: ASG) revenue grew by 2.1%, driven mainly by the acquisition of Stillwell Motor Group (SMG), which added $80 million to revenue. The new vehicle market remained tough, with luxury vehicle sales dropping by 13.2%, and ASG’s new vehicle revenue down 0.6%. Their new vehicle inventory was reduced by $47.2 million compared to the same period last year. Margins were also impacted, with a drop in new vehicle margins and lower OEM KPI bonuses. ASG’s high-margin segments, like parts and service, saw a 6% growth, helping to stabilize performance.
The company, one of the high dividend stocks, has its growth strategy supported by both acquisitions and greenfield expansions. The company continues to strengthen its position in the prestige and luxury market, as evidenced by its acquisition of SMG and the addition of new brands like Polestar and Zeekr. These new partnerships have opened up additional growth avenues in the electric vehicle space. The company has also invested heavily in its infrastructure, with $10 million allocated to showroom constructions and facility upgrades. Operating cash flow was healthy at $78.8 million, enabling ASG to return $14.7 million in debt, cover a $16.2 million dividend, and spend $59.9 million on acquisitions.
For the second half of 2025, the company expects continued challenges in the new vehicle market, but the expansion into new brands and acquisitions is anticipated to support growth. The company has declared a fully franked interim dividend of 3.5 cents per share for the year ending 30 June 2025. This dividend will be paid on 30 May 2025 to shareholders registered by 16 May 2025.
Acrow Ltd (ASX: ACF)
Acrow Ltd (ASX: ACF), on 24 March 2025 secured a contract renewal with the BHP Mitsubishi Alliance (BMA), ensuring a minimum $60 million in revenue over the next three years. This contract cover maintenance and shutdown access work at BMA's Bowen Basin coal mines and Hay Point Coal Terminal. The deal will provide a baseline revenue of approximately $15 million annually, with potential to increase by up to $4 million each year. This win further strengthens Acrow’s position in the Industrial Access sector and is expected to contribute significantly to the company's revenue growth.
In the first half of FY25, the company saw outstanding growth, with group revenue rising 25% to $126.6 million, driven by a 119% increase in the Industrial Access division. This division now represents 50% of the group’s total revenue, up from 29% in the prior period. However, the Formwork division faced challenges, with an 11% drop in revenue due to delays in government-funded projects in Queensland. The company reported an 11% increase in underlying EBITDA to $39.0 million. Net profit after tax grew 1% to $16.4 million, while earnings per share decreased by 8% due to a higher capital base from FY24.
Acrow expects strong growth for the full year, forecasting a 27% increase in revenue and 14% growth in EBITDA. The company is positive about the continued performance of its Industrial Access division, as well as growth from its proprietary Jumpform system and new products like Acrowdeck and Screens. The company, one of the best long term dividend stocks, will pay an interim dividend of 2.90 cents per share (fully franked), which is a 2% increase from the previous period. The dividend will be paid on 30 May 2025, with a record date of 30 April 2025.
(Source: Company Announcements)
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