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As the ASX200 experiences minor fluctuations, with sectors like Energy and Financials showing resilience, investors are keeping a close eye on dividend stocks for stable returns amid market uncertainties. In such an environment, selecting dividend stocks that offer strong yields can be an effective strategy for generating income while navigating the current economic landscape.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Nick Scali (ASX:NCK) | 4.77% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.18% | ★★★★★☆ |
| Perenti (ASX:PRN) | 6.43% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.33% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.34% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.35% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.47% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.09% | ★★★★★☆ |
| New Hope (ASX:NHC) | 8.18% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.39% | ★★★★☆☆ |
Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
IGO
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: IGO Limited is an Australian exploration and mining company specializing in discovering, developing, and operating assets focused on metals for clean energy, with a market cap of A$3.75 billion.
Operations: IGO Limited's revenue segments include A$48.80 million from the Cosmos Project, A$539.10 million from the Nova Operation, and A$234.80 million from the Forrestania Operation, with an additional A$18.10 million generated through interest revenue.
Dividend Yield: 7.5%
IGO's dividend yield of 7.46% is attractive, ranking in the top 25% of Australian dividend payers, yet its sustainability is questionable due to a high payout ratio and volatile earnings. Recent financial results show a significant drop in net income to A$2.8 million, impacting dividend reliability. While dividends have grown over the past decade, they remain unstable. IGO's focus on potential acquisitions like Rio Tinto’s Winu Project could influence future cash flows and dividend stability.
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Click here to discover the nuances of IGO with our detailed analytical dividend report.
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The valuation report we've compiled suggests that IGO's current price could be quite moderate.
Lycopodium
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Lycopodium Limited offers engineering and project delivery services across the resources, rail infrastructure, and industrial processes sectors in Australia, with a market cap of A$391.30 million.
Operations: Lycopodium Limited's revenue is derived from the following segments: Resources (A$366.49 million), Process Industries (A$11.45 million), and Rail Infrastructure (A$10.21 million).