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In recent trading, the ASX200 experienced a slight decline, influenced by shifts in consumer discretionary stocks and banking shares, as well as comments from RBA Governor Michele Bullock regarding interest rate adjustments. Amidst this backdrop of market fluctuations and sector-specific performances, dividend stocks remain an attractive option for investors seeking stable returns; they can provide a buffer against volatility while offering consistent income streams.

Top 10 Dividend Stocks In Australia

Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

GWA Group

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: GWA Group Limited is engaged in the research, design, manufacture, import, and marketing of building fixtures and fittings for residential and commercial properties across Australia, New Zealand, and international markets with a market cap of A$663.01 million.

Operations: GWA Group Limited generates revenue from its Water Solutions segment, which contributed A$417.40 million.

Dividend Yield: 6.4%

GWA Group's recent dividend increase to A$0.075 per share, payable March 7, 2025, underscores its commitment to shareholders despite a high payout ratio of 111.7%, indicating dividends are not well-covered by earnings. However, the cash payout ratio of 74.3% suggests dividends are supported by cash flows. The company's dividend yield is among the top quartile in Australia but has been historically volatile and unreliable over the past decade, highlighting potential risks for investors prioritizing stability.

• Unlock comprehensive insights into our analysis of GWA Group stock in this dividend report.

• Our valuation report unveils the possibility GWA Group's shares may be trading at a discount.

IPH

Simply Wall St Dividend Rating: ★★★★★☆

Overview: IPH Limited, along with its subsidiaries, offers intellectual property services and products and has a market capitalization of A$1.35 billion.

Operations: IPH Limited generates revenue through its intellectual property services and products.

Dividend Yield: 7.1%

IPH Limited's recent earnings report shows a strong performance with increased sales and revenue, yet its dividend yield of 7.09% is not well-supported by earnings given the high payout ratio of 116.2%. However, dividends are covered by cash flows at an 86.9% cash payout ratio, indicating some level of sustainability. IPH's dividends have been stable and growing over the past decade, offering reliability despite coverage concerns. The stock trades at a favorable value compared to peers.