Among high quality dividend paying stocks, a few stand out for their high yields and growth potential. The following high dividend stocks fit in perfectly.
GR Engineering Services Ltd (ASX: GNG)
GR Engineering Services Ltd (ASX: GNG) has been awarded the engineering study contract for the refurbishment and repurposing of the Black Swan processing plant into a gold production facility by Horizon Minerals, on 08 April 2025. The study will deliver capital and operating cost estimates with ±20% accuracy. GNG brings strong expertise in gold plant projects within Western Australia, making them well-suited for this assignment. This contract is another step forward in Horizon’s strategy to become a mid-tier gold producer.
For the first half of FY25 (HY25), the company reported strong financial results with revenue reaching $272.1 million, up from $187.3 million in HY24. EBITDA rose to $34.5 million, and operating cashflows remained solid at $56.1 million, supporting a closing net cash balance of $111.8 million. The company is among top quality dividend stocks having maintained zero borrowings and paid $16.7 million in fully franked dividends and declared a higher interim dividend of 10.0 cents per share, up from 9.0 cents previously.
The Group subsidiaries, Mipac and Paradigm, continued to deliver advanced control systems and automation services across global mining and processing clients such as BHP, Rio Tinto, and Anglo American. These businesses are operating at high capacity, supported by a strong pipeline and repeat client demand. GR Production Services also secured contract extensions in the Santos Cooper and Surat Basins. Through a growing volume of studies in progress and a solid pipeline across multiple commodities and locations, GNG is ready for continued growth, underpinned by a strong balance sheet and strategic expansion potential.
Woodside Energy Group Ltd (ASX: WDS)
Woodside Energy Group Ltd (ASX: WDS), on 29 April 2025 approved the development of the Louisiana LNG project, a main three-train facility with a planned capacity of 16.5 million tonnes per annum, targeting first LNG production in 2029. The project is fully permitted to expand up to 27.6 Mtpa and expected to deliver over $2 billion in the 2030 annual net operating cash flow. Total forecast capital expenditure is US$17.5 billion with Woodside’s share being US$11.8 billion. An agreement was signed with bp to supply up to 640 billion cubic feet of natural gas starting in 2029, forming the foundation of the project’s feedgas portfolio. This change supports WDS position in the global LNG market with a diversified supply strategy.
In Q1 2025, WDS recorded production of 49.1 MMboe, a slight decrease from Q4 2024 but up 9% YOY due to strong performance at the Sangomar field. Revenue for the quarter was $3.3 billion driven by high gas prices despite lower production. Project development remained strong, Beaumont New Ammonia Project (90% complete), Scarborough Energy Project (82% complete) and the Trion oil project (26% complete). The company also sold a 40% interest in Louisiana LNG Infrastructure LLC and signed new LNG sales agreements to expand its global customer base.
WDS continued optimizing its portfolio, divesting from the Greater Angostura assets to improve cash flow. The company exited the H2TAS project and is reassessing the H2OK initiative following the acquisition of the Beaumont New Ammonia Project.
(Source: Company Announcements)
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