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The Australian market recently saw the ASX200 closing down 0.48% at 7,749 points, with sectors like Staples and Discretionary leading the decline, while Real Estate managed a slight gain. In this fluctuating environment, dividend stocks can offer investors a measure of stability and income potential; selecting those with strong fundamentals and attractive yields is crucial for navigating current market conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Sugar Terminals (NSX:SUG) | 7.81% | ★★★★★★ |
| Premier Investments (ASX:PMV) | 6.73% | ★★★★★★ |
| IPH (ASX:IPH) | 8.14% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.37% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.22% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.10% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.91% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.75% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.70% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.49% | ★★★★★☆ |
Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.27 billion, operates through its subsidiaries to manufacture, import, distribute, and sell automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: Amotiv Limited's revenue is primarily derived from three segments: Powertrain & Undercar (A$322.90 million), Lighting Power & Electrical (A$329.97 million), and 4WD Accessories & Trailering (A$345.41 million).
Dividend Yield: 4.4%
Amotiv Limited's dividend payments have been volatile over the past decade, though they have increased overall. The company recently declared a fully franked interim dividend of A$0.185 per share. Despite a reasonable payout ratio of 70.1% and cash payout ratio of 45.5%, suggesting dividends are well-covered by earnings and cash flow, its yield is lower than top-tier Australian dividend payers. Recent board changes may enhance governance, potentially impacting future financial performance positively.
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Click here to discover the nuances of Amotiv with our detailed analytical dividend report.
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The valuation report we've compiled suggests that Amotiv's current price could be quite moderate.
JB Hi-Fi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: JB Hi-Fi Limited is a retailer of home consumer products with a market cap of A$9.51 billion.
Operations: JB Hi-Fi Limited's revenue segments include A$6.87 billion from JB Hi-Fi Australia, A$2.81 billion from The Good Guys, and A$331.40 million from JB Hi-Fi New Zealand.