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As the ASX200 experiences a slight downturn, with sectors like Financials and Health Care underperforming, investors are keeping a close eye on dividend stocks as a potential source of steady income amidst market fluctuations. In such an environment, identifying stocks with reliable yields between 5% and 8% can offer investors a measure of stability and income in their portfolios.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 6.75% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.64% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.01% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.29% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.32% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.29% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.40% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.14% | ★★★★★☆ |
| Santos (ASX:STO) | 6.93% | ★★★★☆☆ |
| CTI Logistics (ASX:CLX) | 5.58% | ★★★★☆☆ |
Click here to see the full list of 36 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Bendigo and Adelaide Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bendigo and Adelaide Bank Limited provides banking and financial services to retail customers and small to medium-sized businesses in Australia, with a market cap of A$7.11 billion.
Operations: Bendigo and Adelaide Bank's revenue is primarily derived from its Consumer segment, which accounts for A$1.12 billion, followed by the Business & Agribusiness segment at A$761.10 million, and the Corporate segment contributing A$67.50 million.
Dividend Yield: 5%
Bendigo and Adelaide Bank recently declared a fully franked full-year dividend of A$0.63 per share, up from A$0.61 the previous year, indicating growth in payouts despite a historically volatile dividend record. The bank's payout ratio is 65.4%, suggesting dividends are currently covered by earnings, with forecasts maintaining coverage in three years at 72.9%. However, its dividend yield of 5.02% lags behind top Australian payers, and past earnings have been affected by large one-off items.
Nine Entertainment Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nine Entertainment Co. Holdings Limited operates in Australia, focusing on broadcasting and program production through free-to-air television, video on demand, and metropolitan radio networks, with a market cap of A$1.84 billion.
Operations: Nine Entertainment Co. Holdings Limited generates revenue from several segments, including Stan (A$447.73 million), Publishing (A$558.63 million), Broadcasting (A$1.23 billion), and Domain Group (A$395.73 million).