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After a challenging Week 11, the Australian market appears to be rebounding in Week 12, buoyed by Wall Street's rally and China's new stimulus measures aimed at boosting consumption. In this dynamic environment, dividend stocks can offer investors a potential source of steady income and stability amidst fluctuating markets.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Premier Investments (ASX:PMV) | 6.75% | ★★★★★★ |
| IPH (ASX:IPH) | 7.83% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.20% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.81% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.14% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.21% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.82% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.79% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.45% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.38% | ★★★★★☆ |
Click here to see the full list of 34 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Smartgroup
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Smartgroup Corporation Ltd, with a market cap of A$910.92 million, offers employee management services in Australia.
Operations: Smartgroup Corporation Ltd generates revenue through its Vehicle Services (A$21.87 million) and Outsourced Administration (A$287.87 million) segments in Australia.
Dividend Yield: 7.3%
Smartgroup's dividend yield of 7.27% ranks in the top 25% of Australian dividend payers, though it's not well covered by free cash flows with a high cash payout ratio of 133.8%. Despite recent earnings growth and a reasonable payout ratio of 64.4%, dividends have been volatile over the past decade. Recent announcements include a fully franked final dividend of A$0.20 and a special dividend of A$0.11 per share, reflecting strong financial performance with net income at A$75.6 million for 2024.
Super Retail Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Super Retail Group Limited operates as a retailer of auto, sports, and outdoor leisure products in Australia and New Zealand, with a market cap of A$2.94 billion.
Operations: Super Retail Group Limited generates revenue through its segments: Rebel at A$1.32 billion, Macpac at A$215.80 million, Super Cheap Auto (SCA) at A$1.51 billion, and Boating, Camping and Fishing (BCF) at A$912.60 million.
Dividend Yield: 9.1%
Super Retail Group's dividend yield of 9.14% places it among the top 25% of Australian dividend payers, supported by a reasonable payout ratio of 68.8%. Despite earnings and cash flows covering dividends, the company's track record is marred by volatility over the past decade. Recent announcements include a fully franked interim dividend of A$0.32 per share for H1 2025, with net income at A$129.8 million, indicating stable financial performance despite a decline from the previous year.