If you're investing for dividends, stability over the medium to long term is key.
Of the four stocks I'm looking at today, not only are the companies expected to pay good dividends, but three are also expected to increase in value.
I've selected the companies from broker reports issued this week. Let's have a look at who they like.
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Chorus Ltd (ASX: CNU)
Chorus is a New Zealand-based fibre and copper line infrastructure company that last week reported that its total fixed line connections had fallen by 4,000, while its fibre connections increased by 5,000.
Macquarie has a price target of NZ$10.26 on the company, up from NZ$9.54, and forecasts a dividend yield of 6.3% this year, rising to 6.7% by FY28.
Chorus shares are also listed on the ASX.
The broker said of the stock:
We see CNU emerging as a cleaner, simpler, and more fibre-led infrastructure business, with improving earnings visibility and an attractive dividend profile. FY26 should confirm this transition, with EBITDA tracking towards the upper half of NZ$710-730m guidance and a 60 cent dividend per share expected.
Aurizon Ltd (ASX: AZJ)
Macquarie has a neutral rating on this rail freight operator's shares, but is forecasting a dividend yield of 5.4% this year, rising to 6% next year.
The broker said the company finished FY26 with a strong quarter, and the outlook for FY27 is positive.
Macquarie added:
Cash generation is strong, balance sheet has capacity, so AZJ can support a higher dividend or further share buybacks. With yield becoming relatively attractive, and AZJ share price re-rated we see lifting the dividend payout as a more attractive option.
Viva Energy Ltd (ASX: VEA)
Viva this week said in a statement to the ASX that the refining margin at its Geelong oil refinery was up 156.4% over the same period last year, while volumes added 1.5% over the period.
This would likely translate into a boost in first-half EBITDA from $305 million last year to $770 to $780 million for the first half this year, the company said.
Macquarie increased its price target for the company on the back of the strong expected results, now at $3.70, up 9% from its previous estimate.
Macquarie is forecasting a 7.6% dividend yield for the current year, falling to 4.2% next year.
Regal Partners Ltd (ASX: RPL)
Regal recently booked what broker Morgans called "another good result" for the first half, growing its funds under management, performance fees, and net profit.
Morgans said regarding the company:
Whilst difficult to forecast, we are confident RPL can continue to grow funds under mangement as performance persists and the alternative strategies reach scale. On this basis we have a BUY recommendation and $4.00 price target.
Regal is expected to pay a dividend yield of 7.4% this year, Morgans said, increasing to 7.8% by 2028.
