Upcoming ASX Dividend Stocks

The following upcoming dividend stocks on the ASX offer significant yields, alongside key corporate updates including recent earnings performance, cash flow trends, and shareholder return initiatives.

Beacon Minerals Limited (ASX: BCN),

Beacon Minerals Limited (ASX: BCN), completed its largest drilling program at Iguana, on 1 July 2026. It received the final reverse circulation (RC) drilling results from its Iguana resource definition drilling program. The program will provide an indicated resource down to the 360mRL of the Iguana orebody. Entech Pty Ltd is finalising the updated resource estimate, which is expected to be released in Q1 FY2027.

On 18 June 2026, Beacon with a market capitalisation of approximately $291.59M announced a fully franked cash dividend of $0.10 per share and a special in-specie dividend through the distribution of 36 million shares in Forrestania Resources. Together, the two dividends return approximately $30.44 million to shareholders.

The stock’s ex dividend date is 13 July 2026 and  payment date scheduled for 21 July 2026. The company declared full dividend amount of $0.255 which offers yield of 9.85%.

The a2 Milk Company Limited (ASX: A2M),

The a2 Milk Company Limited (ASX: A2M), on 25 June 2026, declared a fully franked special dividend of $300 million, the payment date is on 24 July 2026. The interim dividend of $0.288 per share offers yield of 3.87%.

The company also announced regulatory approval from China's State Administration for Market Regulation (SAMR) on 22 June 2026. The approval allows the company to transfer two China label infant milk formula product registrations acquired with the Pokeno facility to a2 branded products.

On 16 February 2026, The a2 Milk Company announced its interim results, reporting 13.6% growth in Infant Milk Formula (IMF) sales. The growth was driven by a 20.9% increase in English label IMF sales, supported by the expanding contribution of a2 Genesis and new markets, while China label IMF sales grew 6.5%, achieving a record market share across key sales channels.

Metcash Limited (ASX: MTS),

Metcash Limited (ASX: MTS), announced full year results of FY 26, which highlighted group EBITDA of $761.7 million, revenue of $19.6 billion and operating cash flow of $558.0 million on 22 June 2026.

This reflects strong free cash flow that enables both shareholder returns and business reinvestment to preserve flexibility and fund future growth opportunities. The company maintained a dividend payout of around 74% of underlying NPAT, higher than its target payout ratio.

Metcash Limited has announced a fully franked final dividend. The stock will trade ex dividend on 14 July 2026, and payment date is on 26 August 2026. The dividend offers yield of 3.20%.

(Source: Company Announcements)