In This Article:
Over the last 7 days, the Australian market has remained flat, though it is up 7.8% over the past year with earnings expected to grow by 13% per annum over the next few years. In this environment, identifying strong dividend stocks can be a strategic way to generate consistent income while potentially benefiting from future growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.52% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.10% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.22% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.01% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.67% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.11% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.12% | ★★★★★☆ |
| Auswide Bank (ASX:ABA) | 10.00% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.73% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.24% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Auswide Bank
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Auswide Bank Ltd provides a range of personal and business banking products and services in Australia, with a market cap of approximately A$200.51 million.
Operations: Auswide Bank Ltd generates revenue primarily through its retail banking segment, which accounts for A$92.13 million.
Dividend Yield: 10%
Auswide Bank's dividend payments have been volatile over the past decade, despite an overall increase. Currently, its dividends are covered by earnings with a payout ratio of 78.9%, and this coverage is expected to remain sustainable at 76.6% in three years. Trading at 48% below our fair value estimate, Auswide offers a high dividend yield in the top 25% of Australian payers but presents risks due to its unstable track record.
Australian United Investment
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Australian United Investment Company Limited (ASX:AUI) is a publicly owned investment manager with a market cap of A$1.28 billion.
Operations: Australian United Investment Company Limited generates revenue of A$58.33 million from its investment activities.
Dividend Yield: 3.6%
Australian United Investment's dividends have been stable and growing over the past decade, though the current yield of 3.57% is below top-tier Australian dividend payers. The high payout ratio of 92.4% indicates dividends are not well covered by earnings, but a cash payout ratio of 86.7% shows coverage by cash flows is adequate. Recent news includes an extension of its buyback plan until May 29, 2025, potentially impacting future dividend sustainability.