In This Article:
Amidst the recent fluctuations in the Australian market, including a significant downturn followed by a projected rebound, investors are keenly observing how these shifts might present new opportunities. In such a dynamic environment, dividend stocks can offer stability and potential income streams, making them an attractive consideration for those looking to navigate current market conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| IPH (ASX:IPH) | 7.73% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.28% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.96% | ★★★★★☆ |
| GR Engineering Services (ASX:GNG) | 6.55% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.16% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 6.81% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.83% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.82% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.33% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.60% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Aspen Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Aspen Group (ASX:APZ) is a prominent provider of quality accommodation in residential, retirement and park communities, with a market cap of A$566.27 million.
Operations: Aspen Group generates revenue from its operations in residential, retirement, and park communities.
Dividend Yield: 3.5%
Aspen Group's dividend payments have shown volatility over the past decade, with a history of unstable and unreliable distributions. Despite this, current dividends are covered by both earnings and cash flows, with payout ratios of 58.5% and 72.9%, respectively. The company trades at a good relative value compared to peers and is priced below its estimated fair value by 37%. Recent earnings growth was strong, although impacted by large one-off items.
Carlton Investments
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Carlton Investments Limited is a publicly owned asset management holding company with a market cap of A$832.43 million.
Operations: Carlton Investments Limited generates revenue primarily through the acquisition and long-term holding of shares and units, amounting to A$42.01 million.
Dividend Yield: 3.3%
Carlton Investments has shown consistent earnings growth of 4% annually over the past five years, supporting its dividend payments. Despite a payout ratio of 72.5% and a cash payout ratio of 68.9%, indicating coverage by both earnings and cash flows, dividends have been volatile over the last decade. Recent announcements include an interim fully franked dividend of A$0.45 per ordinary share, reflecting an increase in distributions despite historical volatility in payments.