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As the ASX 200 experiences a slight downturn, influenced by persistent inflationary pressures and sector-specific fluctuations, investors continue to navigate a complex landscape. In such an environment, dividend stocks can offer a potential buffer against volatility, providing steady income streams that may appeal to those seeking stability amidst market uncertainties.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| IPH (ASX:IPH) | 7.32% | ★★★★★☆ |
| Perenti (ASX:PRN) | 6.35% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 6.44% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.48% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.37% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.64% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.62% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.48% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.23% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 6.13% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Diversified United Investment
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Diversified United Investment Limited is a publicly owned investment manager with a market cap of A$1.15 billion.
Operations: The company generates revenue primarily from its investment company segment, amounting to A$46.41 million.
Dividend Yield: 3%
Diversified United Investment's dividend yield of 3% is lower than Australia's top 25% dividend payers. Despite a decade of reliable and stable growth, the high payout ratio of 94.2% suggests dividends are not well covered by earnings, though they are supported by cash flows with an 89.4% cash payout ratio. Recent earnings showed modest growth, with net income rising to A$18.52 million for the half-year ended December 2024.
GR Engineering Services
Simply Wall St Dividend Rating: ★★★★★☆
Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing sectors both in Australia and internationally, with a market cap of A$484.85 million.
Operations: GR Engineering Services Limited generates its revenue from providing engineering, procurement, and construction services to the mining and mineral processing industries across Australia and international markets.
Dividend Yield: 6.6%
GR Engineering Services' dividend yield of 6.55% ranks in the top 25% of Australian dividend payers. Recent earnings growth, with net income rising to A$21.82 million for the half-year ended December 2024, supports its dividends, which are covered by a payout ratio of 81.7% and a cash payout ratio of 35.6%. Despite past volatility in payments, dividends have increased over the last decade. The latest fully franked interim dividend rose to 10 cents per share from last year's 9 cents.