Top ASX Dividend Growth Stocks to Buy: APA Group and Amcor

APA Group delivered another strong half-year financial performance and Amcor Plc improving sales, EBITDA, and EPS highlights strengthening operating performance and earnings quality reflecting value creation for securityholders, which further supports their capacity to sustain dividend payments.

APA Group (ASX:APA) 

is one of the best ASX dividend growth stocks with a 21 years of consecutive distribution growth, market capitalization of $13.79B and a partially franked dividend yield of 5.51%.
On 19 February 2026, the company announced its interim distribution details for the six months ended 31 December 2025. The total distribution is 27.5 cents per security.

The APA Infrastructure Trust’s distribution consists of a franked dividend of 6.3035 cents per security. The associated franking credit allocated is 2.7015 cents per security. 
On 23 April 2026, APA announced that they successfully raised $1.5 billion in debt funding, which comprises of $1.0 billion in hybrid subordinated capital securities and $500 million in senior 10-year notes, to encourage the ongoing execution of its growth strategy. 

The company announced the completion of the divestment of its 20% equity interest in GDI (EII) Pty Ltd (GDI) on 25 march 2026.

On 19 February 2026, APA Group announced progress on Stage 3 of its East Coast Gas Grid (ECGG) Expansion Plan, which is projected to lift transport capacity by 30% approximately and will also help address projected gas supply shortfalls in the southern market from 2028 onward. An investment of $260 million to expand north-to-south capacity and deliver essential Australian gas to southern markets for winter 2028.

The company also approved $220 million investment for Stage 3B of the East Coast Gas Grid (ECGG 3B) to facilitate ongoing early-stage works and the procurement of long-lead equipment for the Bulloo Interlink, including the purchase of 342 km of pipeline and additional pre-FID activities to provide further transport capacity beyond winter 2028.

Amcor Plc (ASX:AMC) 

is one of the best ASX dividend growth stocks with a market capitalization of $27.06B and annual unfranked dividend yield of 6.5%.
Amcor Plc announced a new dividend distribution which was published on 7 May 2026. The company declared a distribution of USD 0.65 per CDI (1:1 foreign exempt NYSE). 

On 7 May 2026, the company announced its financial results for the three months ended 31 March 2026, adjusted EBIT increased by 72% to $687 million, including approximately $239 million of acquired EBIT net of divestments, the remaining 10% supported by Berry acquisition synergy benefits and productivity initiatives, partly offset by lower volumes.  

Amcor Plc declared a quarterly cash dividend of 65.0 cents per share. On a pre-adjusted basis, this was equivalent to 12.75 cents per share after accounting for the 1-for-5 reverse stock split completed on January 14 2026. Holders of CDIs traded on the ASX received an unfranked dividend of 91.0 Australian cents per share

The Company estimates that volumes were around 1.5% lower compared to the combined volumes of the legacy Amcor and legacy Berry businesses in the March quarter last year, excluding non-core and divested operations. It also estimates that price/mix had no material impact on net sales.
Free cash outflow was $39 million, in line with expectations, after funding approximately $78 million of transaction, restructuring, and integration costs.

Amcor Plc’s guidance expects adjusted EPS to be $3.98 to $4.03 approximately for the fiscal year ending 30 June 2026, representing growth of around 12% at the midpoint. The outlook also factors in mitigation of the adjusted EPS impact arising from the Middle East conflict, along with pre-tax synergy benefits of $270 million from the Berry acquisition.

(Source: Company Announcements)