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The Australian market is currently navigating a landscape shaped by recent interest rate cuts from the RBA and mixed sector performances, with healthcare and IT showing gains while energy faces challenges. In this environment, dividend stocks can offer stability and income potential, making them an attractive consideration for investors seeking to balance growth with reliable returns.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.80% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.20% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.91% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.41% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.35% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 5.82% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.85% | ★★★★★☆ |
| New Hope (ASX:NHC) | 8.76% | ★★★★☆☆ |
| Sugar Terminals (NSX:SUG) | 7.77% | ★★★★☆☆ |
| Grange Resources (ASX:GRR) | 8.16% | ★★★★☆☆ |
Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Grange Resources
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Grange Resources Limited operates an integrated iron ore mining and pellet production business in Australia and internationally, with a market cap of A$283.55 million.
Operations: Grange Resources Limited generates revenue primarily from its ore mining segment, which amounts to A$570.41 million.
Dividend Yield: 8.2%
Grange Resources offers a high dividend yield of 8.16%, placing it in the top 25% of Australian dividend payers. However, its dividends have been volatile and unreliable over the past decade, with no growth in payments during this period. Despite this, the company's low payout ratios—21.8% from earnings and 11.6% from cash flows—indicate that current dividends are well-covered and sustainable based on financial metrics.
Jumbo Interactive
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Jumbo Interactive Limited operates in the retail of lottery tickets via internet and mobile platforms across Australia, the United Kingdom, Canada, Fiji, and internationally, with a market cap of A$851.06 million.
Operations: Jumbo Interactive Limited generates revenue through its segments of Managed Services (A$25.84 million), Lottery Retailing (A$123.40 million), and Software-As-A-Service (SaaS) (A$50.73 million).
Dividend Yield: 4%
Jumbo Interactive's dividend yield of 4.01% is below the top tier in Australia but remains covered by earnings and cash flows, with payout ratios of 79.1% and 63.2%, respectively, suggesting sustainability. Despite a history of volatility in its dividends over the past decade, payments have increased during this period. The stock trades at good value compared to peers and is significantly undervalued against its estimated fair value, offering potential appeal to investors seeking growth alongside dividends.