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In the midst of a challenging period for the Australian market, with the ASX200 closing down 1.3% at 7,786 points amid US tariffs on Aussie steel and aluminium, investors are increasingly turning their attention to dividend stocks as a potential source of stability and income. In such volatile conditions, selecting dividend stocks with attractive yields can be an effective strategy to cushion against market fluctuations while still generating returns.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Sugar Terminals (NSX:SUG) | 7.74% | ★★★★★★ |
| Premier Investments (ASX:PMV) | 6.57% | ★★★★★★ |
| IPH (ASX:IPH) | 8.27% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.22% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.18% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.05% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.90% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.76% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.66% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.49% | ★★★★★☆ |
Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Nick Scali
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nick Scali Limited, with a market cap of A$1.32 billion, is involved in sourcing and retailing household furniture and accessories across Australia, the United Kingdom, and New Zealand.
Operations: Nick Scali Limited generates revenue of A$492.63 million from its furniture retailing operations.
Dividend Yield: 3.9%
Nick Scali's recent earnings report for the half-year ending December 31, 2024, showed sales of A$251.07 million and net income of A$30.04 million, a decline from the previous year's figures. The company declared a fully franked interim dividend of A$0.30 per share, down from A$0.35 last year, with payout ratios indicating coverage by both earnings (78.2%) and cash flows (63.7%). Despite lower dividends compared to top-tier Australian payers, Nick Scali maintains stable and reliable dividend payments over the past decade.
Steadfast Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Steadfast Group Limited operates as a general insurance brokerage service provider across Australasia, Asia, and Europe, with a market cap of A$6.13 billion.
Operations: Steadfast Group Limited's revenue primarily comes from its Insurance Intermediary segment, which generated A$1.63 billion, complemented by A$120.20 million from Premium Funding.