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The Australian market has shown resilience, with the ASX200 rising 1.3% to close above 7970 points, buoyed by a strong performance across all sectors and a notable rally on Wall Street. As investors navigate these dynamic conditions, dividend stocks can offer a reliable income stream and potential for capital appreciation. In this article, we will explore three ASX-listed dividend stocks that are yielding up to 6.9%, highlighting their potential benefits in the current market environment.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.67% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.14% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.41% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.37% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 6.97% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.62% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.56% | ★★★★★☆ |
| Bapcor (ASX:BAP) | 4.24% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.53% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.06% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
We'll examine a selection from our screener results.
Eagers Automotive
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Eagers Automotive Limited, with a market cap of A$2.74 billion, owns and operates motor vehicle dealerships across Australia and New Zealand.
Operations: Eagers Automotive Limited generates revenue primarily from its Car Retailing segment, which accounted for A$9.85 billion, and also includes a Property segment contributing A$39.68 million.
Dividend Yield: 7.0%
Eagers Automotive has shown a volatile dividend history over the past 10 years, with payments covered by both earnings (66.8% payout ratio) and cash flows (55.9% cash payout ratio). The dividend yield is in the top 25% of Australian payers at 6.97%. However, earnings are forecast to decline by an average of 0.7% per year for the next three years, despite expected revenue growth of 5.52%. Recent buyback plans could impact future dividends positively or negatively depending on execution and market conditions.
Commonwealth Bank of Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commonwealth Bank of Australia provides financial services in Australia, New Zealand, and internationally, with a market cap of A$230.96 billion.
Operations: Commonwealth Bank of Australia's revenue segments include Retail Banking Services (Incl. Bankwest) at A$12.47 billion, Business Banking at A$8.14 billion, New Zealand operations at A$2.86 billion, and Institutional Banking and Markets at A$2.51 billion.