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As the ASX200 experiences a modest uptick, with sectors like IT and Staples leading gains, investors are closely monitoring market dynamics to identify opportunities in dividend stocks. In this context, selecting robust dividend-paying stocks can be a strategic move to enhance portfolio stability and income, especially amidst the current economic landscape.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.98% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.55% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.37% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.05% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.35% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 5.76% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.93% | ★★★★★☆ |
| New Hope (ASX:NHC) | 7.99% | ★★★★☆☆ |
| Ricegrowers (ASX:SGLLV) | 5.09% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.55% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Fortescue
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Fortescue Ltd is involved in the exploration, development, production, processing, and sale of iron ore across Australia, China, and internationally with a market cap of A$59.55 billion.
Operations: Fortescue Ltd generates revenue primarily from its Metals segment, which accounts for $18.13 billion, complemented by its Energy segment contributing $91 million.
Dividend Yield: 10%
Fortescue's dividend yield ranks in the top 25% of Australian payers, supported by a payout ratio covered by both earnings and cash flows. Despite this, its dividend history is marked by volatility and unreliability over the past decade. While trading below estimated fair value and offering good relative value compared to peers, future earnings are forecast to decline significantly. Recent company events include a change of registered office address in Perth.
nib holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: nib holdings limited, along with its subsidiaries, operates in the underwriting and distribution of private health, life, and living insurance for residents, international students, and visitors in Australia and New Zealand with a market cap of A$2.83 billion.
Operations: nib holdings limited generates revenue from several segments, including Australian Residents Health Insurance (A$2.65 billion), New Zealand Insurance (A$373.10 million), International (Inbound) Health Insurance (A$203.50 million), NIB Travel (A$96.80 million), and Nib Thrive (A$51.30 million).