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The Australian stock market has shown a modest rise with the ASX200 up 0.2% at 8,208 points, even as consumer sentiment continues to wane for the second consecutive month. In this context of mixed economic signals and sector-specific growth, dividend stocks can offer appealing stability and income potential; their selection should consider sectors like Energy and Real Estate, which have recently demonstrated resilience.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Nick Scali (ASX:NCK) | 4.43% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.47% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.80% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.04% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 5.04% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.76% | ★★★★★☆ |
| New Hope (ASX:NHC) | 7.99% | ★★★★☆☆ |
| Sugar Terminals (NSX:SUG) | 7.77% | ★★★★☆☆ |
| Ricegrowers (ASX:SGLLV) | 5.50% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.52% | ★★★★☆☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.44 billion, operates through its subsidiaries to manufacture, import, distribute, and sell automotive products in Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: Amotiv Limited generates revenue through its segments: Powertrain & Undercar (A$313.90 million), Lighting Power & Electrical (A$324.47 million), and 4WD Accessories & Trailering (A$348.81 million).
Dividend Yield: 3.9%
Amotiv's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 57.2% and 37.5%, respectively. However, its dividend history is marked by volatility and unreliability over the past decade, despite recent growth in payouts. The current yield of 3.93% falls short compared to top Australian payers but trades at a significant discount to estimated fair value. A recent share buyback program may positively impact shareholder value through reduced share count.
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Get an in-depth perspective on Amotiv's performance by reading our dividend report here.
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Upon reviewing our latest valuation report, Amotiv's share price might be too pessimistic.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited operates in Papua New Guinea offering commercial banking, financial services, fund administration, investment management, and share brokerage, with a market cap of A$319.62 million.
Operations: Kina Securities Limited generates its revenue primarily from Banking & Finance (Including Corporate) services at PGK 391.80 million and Wealth Management services at PGK 39.65 million in Papua New Guinea.