Top 10 ASX Dividend Stocks Heading into 2025

2. APA Group (APA.AX)

Dividend Yield as of December 25: 6.67%

APA Group (APA.AX) is an Australian infrastructure business company, headquartered in New South Wales. The company mainly owns and operates natural gas and electricity assets. It manages a diverse range of energy assets, including a vast national gas pipeline network, gas processing plants, gas-fired power generation facilities, solar and wind farms, and electricity transmission infrastructure. Notably, it is responsible for transporting half of the country’s total gas consumption.

InFY24, APA Group (APA.AX) reported revenue of $2.6 billion, up 8% from the same period last year. This revenue growth was fueled by strong performance in Energy Infrastructure, a full-year contribution from Basslink, and the initial impact of the new Pilbara Energy System. The Pilbara business is delivering results consistent with the expectations set during its acquisition.

In addition, APA Group (APA.AX) also showed a strong cash position. The company generated $1.07 billion in free cash flow, up 0.3% from the prior-year period. Its total assets amounted to $19.5 billion, growing by 23.3% from the same period last year.

APA Group (APA.AX)’s strong performance allowed the Board to declare a final distribution of 29.5 cents per security, bringing the total FY24 distribution to 56.0 cents, aligning with prior guidance. This marks a 1.8% increase compared to FY23. This achievement was made alongside continued investments in new infrastructure to ensure safe and reliable operations while advancing significant growth initiatives. It is one of the best dividend stocks on our list as the company has been rewarding shareholders with growing dividends for the past 20 years. The stock has a dividend yield of 6.67%, as of December 25.