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Over the last 7 days, the Australian market has dropped 1.7%, but it is up 8.8% over the past year with earnings expected to grow by 12% per annum in the coming years. In this context, dividend stocks with strong yields can provide a reliable income stream and potential for growth, making them an attractive option for investors seeking stability and returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.92% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.66% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.44% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.92% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.67% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.56% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.51% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.88% | ★★★★★☆ |
| Ricegrowers (ASX:SGLLV) | 6.29% | ★★★★☆☆ |
| Grange Resources (ASX:GRR) | 8.00% | ★★★★☆☆ |
Click here to see the full list of 34 stocks from our Top ASX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited (ASX:KSL) operates in Papua New Guinea, offering commercial banking, financial services, fund administration, investment management, and share brokerage services with a market cap of A$403.69 million.
Operations: Kina Securities Limited generates revenue from its Banking & Finance segment (PGK 391.80 million) and Wealth Management segment (PGK 39.65 million).
Dividend Yield: 9.6%
Kina Securities announced a A$0.04 per share dividend for the six months ended June 30, 2024, with a payment date of October 4, 2024. Despite an increase in net interest income to PGK111.71 million from PGK98.23 million, net income declined slightly to PGK42.24 million from PGK46.37 million year-over-year. The company's dividends are covered by earnings (75.5% payout ratio), but its dividend history is volatile and it has a high level of bad loans (7.9%).
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Navigate through the intricacies of Kina Securities with our comprehensive dividend report here.
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Our valuation report here indicates Kina Securities may be undervalued.
Nine Entertainment Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nine Entertainment Co. Holdings Limited operates in the broadcasting and program production sectors, covering free-to-air television, video on demand, and metropolitan radio networks in Australia, with a market cap of A$2.06 billion.
Operations: Nine Entertainment Co. Holdings Limited's revenue segments include Stan (A$447.73 million), Publishing (A$558.63 million), Broadcasting (A$1.23 billion), and Domain Group (A$395.73 million).