In This Article:
The Australian market has seen a positive trend, with a 1.2% increase over the last week and a 9.8% climb in the past year. In light of expected earnings growth of 13% per annum over the next few years, selecting dividend stocks that offer solid yields can be a strategic move for investors looking to capitalize on this upward momentum.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.52% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.09% | ★★★★★☆ |
| Auswide Bank (ASX:ABA) | 9.66% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 6.97% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 6.82% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.46% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.08% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.54% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.51% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.10% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Charter Hall Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Charter Hall Group (ASX:CHC) is a leading Australian fully integrated property investment and funds management company with a market cap of A$5.96 billion.
Operations: Charter Hall Group's revenue segments include A$515.60 million from Funds Management, A$142.20 million from Property Investments, and a negative A$58.80 million from Development Investments, adjusted by A$19 million.
Dividend Yield: 3.5%
Charter Hall Group has consistently grown its dividends over the past decade with minimal volatility, ensuring reliability for income-focused investors. The company's dividend payments are well-covered by both earnings (43.8% payout ratio) and free cash flows (45.3% cash payout ratio). Despite a lower-than-average yield of 3.51%, CHC's dividends remain sustainable and stable. Recent ex-dividend dates in June 2024 reflect ongoing commitment to shareholder returns, with payouts of A$0.023 and A$0.207 per share respectively.
Ricegrowers
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Ricegrowers Limited (ASX:SGLLV) is a rice food company with operations spanning Australia, New Zealand, the Pacific Islands, the Middle East, the United States, and other international markets, boasting a market cap of approximately A$571.64 million.
Operations: Ricegrowers Limited generates revenue from several segments, including Riviana (A$222.01 million), Cop Rice (A$252.75 million), Rice Food (A$121.03 million), Rice Pool (A$498.11 million), Corporate Segment (A$45.79 million), and International Rice (A$894.03 million).