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As the Australian market experienced a positive session with sectors like IT and Materials leading gains, investors are keeping a keen eye on dividend stocks that offer attractive yields amidst fluctuating economic conditions. In this environment, selecting dividend stocks with robust fundamentals and consistent payouts can be particularly appealing for those seeking income stability in their investment portfolios.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| IPH (ASX:IPH) | 7.69% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.16% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 8.12% | ★★★★★☆ |
| GR Engineering Services (ASX:GNG) | 6.96% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.08% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.78% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.76% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.60% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.20% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.92% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Lindsay Australia
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Lindsay Australia Limited offers integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia with a market cap of A$198.35 million.
Operations: Lindsay Australia Limited's revenue segments include Transport (A$573.35 million), Rural (A$160.92 million), Hunters (A$100.09 million), and Corporate (A$5.15 million).
Dividend Yield: 7.8%
Lindsay Australia's dividend yield of 7.78% ranks in the top 25% among Australian payers, supported by a low cash payout ratio of 21.7%, indicating strong coverage by cash flows. However, its dividend history is marked by volatility over the past decade despite recent increases, such as the A$0.023 per share payment announced for April 2025. Valuation metrics suggest good value with a P/E ratio of 8.3x compared to the market average of 17x.
Ridley
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Ridley Corporation Limited, with a market cap of A$811.47 million, operates in Australia providing animal nutrition solutions through its subsidiaries.
Operations: Ridley Corporation Limited generates revenue through two main segments: Bulk Stockfeeds, contributing A$894.26 million, and Packaged/Ingredients, adding A$389.70 million.
Dividend Yield: 3.7%
Ridley Corporation's dividend yield of 3.74% is below the top tier in Australia, but its dividends are well-covered by earnings (75% payout ratio) and cash flows (35.5% cash payout ratio). Despite a history of volatility, recent increases show growth potential, with a A$0.0475 per share payment announced for April 2025. Ridley trades at a significant discount to its estimated fair value, enhancing its appeal despite an unstable dividend track record over the past decade.