Two ASX Stocks delivering reliable dividends and solid results
Strong earnings and attractive dividends remain key drivers of shareholder value. JBH and AFI’s latest results showcase both.
JB Hi-Fi Limited (ASX: JBH),
As on 16 February 2026, reported a solid first half which showcased record group sales of $6.10 billion, up by 7.3% on the prior year. EBIT came in at $454 million, being 8.1% than prior corresponding period and NPAT also rose by 7.1% to $305.8 million which took the EPS for the company to 279.7 cents.
The management sharply lifted the interim dividend by around 23.5% to 210 cents per share after making a decision to increase the target payout ratio to 70-80% of the total NPAT. This signals that management is confident in its operations and is comfortable returning more cash to shareholders.
The 6 May trading update suggested that momentum carried into the second half. Comparable sales kept growing across the Group’s banners and management pointed to tight inventory control and steady demand in tech categories as the main drivers. The update didn’t include anything alarming, but it reaffirmed investors that the business is executing well and holding its ground in a retail environment that hasn’t been easy for everyone.
JB Hi-Fi still looks like a well-run retail player with a market cap of around $9.05 billion and an attractive dividend yield of 5.04%, compounding earnings and cash flow at a healthy pace, with the dividend increase adding an extra layer of appeal for income-focused investors.
Australian Foundation Investment Company Limited (ASX: AFI),
as on 27 July 2026, posted another steady year as NPAT rose by 3% to $293.5 million, with operating revenue up to $331.9 million.
The Board also declared a fully franked final dividend of 14.5 cents per share along with a 2.5 cent fully franked special dividend which pushed the total distributions for the year to 31.5 cents per share, highlighting an attractive level for shareholders.
What stood out most wasn’t the earnings growth itself but it was the capital management. AFIC kept running its on-market buy-back and its estimated NTA stayed above the share price, meaning the stock continues to trade at a discount to the underlying portfolio. For investors, that’s effectively a way to buy a diversified basket of quality Australian equities below intrinsic value.
With a market cap of around $8.22 billion and a dividend yield close to 4.65%, AFI remains a go-to option for investors chasing stable and fully franked income. The buy-backs and persistent NTA discount just add to the case that management is being disciplined about creating value for shareholders over the long run.
(Source: Company Announcements)
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