In This Article:
As the Australian market experiences a dip, with the ASX200 down 0.6% to its lowest level in two weeks, investors are navigating a landscape influenced by Wall Street's weak performance and profit-taking activities. In this environment, selecting dividend stocks can be an appealing strategy for those seeking steady income streams amidst market volatility.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.62% | ★★★★★☆ |
| Perenti (ASX:PRN) | 6.30% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.37% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.99% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.55% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.41% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.16% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.66% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.00% | ★★★★★☆ |
| Grange Resources (ASX:GRR) | 8.33% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
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 international markets with a market cap of A$62.90 billion.
Operations: Fortescue Ltd generates revenue primarily from its Metals segment, which accounts for $18.13 billion, with an additional contribution of $91 million from its Energy segment.
Dividend Yield: 9.6%
Fortescue offers a high dividend yield of 9.62%, placing it in the top 25% of Australian dividend payers. Its dividends are covered by earnings and cash flows, with payout ratios of 71.1% and 76.1%, respectively, suggesting sustainability despite a volatile past decade marked by significant annual drops over 20%. Trading at an attractive valuation, Fortescue's future earnings are expected to decline, which could impact its ability to maintain current dividend levels.
Lindsay Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Lindsay Australia Limited operates as an integrated provider of transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia with a market capitalization of A$277.06 million.
Operations: Lindsay Australia Limited generates revenue through its segments in Transport (A$577.36 million), Rural (A$155.44 million), and Hunters (A$87.44 million).