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As the ASX200 experiences a modest rise, with all sectors gaining ground and the Discretionary sector leading the charge, investors are keeping a close eye on market movements amid ongoing US election developments. In this context of cautious optimism, dividend stocks offer an appealing option for those seeking steady income streams; they can provide stability and potential returns even as broader market dynamics evolve.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 6.93% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.73% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.30% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.37% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.40% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.56% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.40% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.32% | ★★★★★☆ |
| CTI Logistics (ASX:CLX) | 5.79% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.35% | ★★★★☆☆ |
Click here to see the full list of 37 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
CTI Logistics
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: CTI Logistics Limited, along with its subsidiaries, offers transport and logistics services across Australia and has a market cap of A$152.51 million.
Operations: CTI Logistics Limited generates revenue from its primary segments, with A$225.42 million from Transport and A$118.28 million from Logistics services in Australia.
Dividend Yield: 5.8%
CTI Logistics offers a dividend covered by earnings and cash flows, with payout ratios of 51.2% and 57.2%, respectively, suggesting sustainability. However, its dividends have been unreliable and volatile over the past decade, despite recent increases. The yield of 5.79% is below the top tier in Australia. Recent earnings showed a slight decline in net income to A$15.83 million for fiscal year ending June 2024, yet dividends were affirmed at A$0.055 per share.
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Delve into the full analysis dividend report here for a deeper understanding of CTI Logistics.
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Upon reviewing our latest valuation report, CTI Logistics' share price might be too pessimistic.
Lycopodium
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Lycopodium Limited offers engineering and project delivery services across the resources, rail infrastructure, and industrial processes sectors in Australia, with a market cap of A$441.29 million.
Operations: Lycopodium Limited's revenue is primarily generated from its resources segment, accounting for A$366.49 million, with additional contributions from the process industries and rail infrastructure segments at A$11.45 million and A$10.21 million respectively.