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Over the last 7 days, the Australian market has risen 2.5%, and it's up 11% over the last 12 months, with earnings forecast to grow by 13% annually. In this promising environment, identifying solid dividend stocks can be a key strategy for investors seeking steady income and potential growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.59% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.14% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.40% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.16% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.01% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.52% | ★★★★★☆ |
| Bapcor (ASX:BAP) | 4.23% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.53% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.16% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.08% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive 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 A$202.84 million.
Operations: Auswide Bank Ltd generates its revenue primarily from retail banking, which amounted to A$92.13 million.
Dividend Yield: 9.9%
Auswide Bank's dividend yield is among the top 25% in Australia at 9.89%, with dividends currently covered by earnings (78.9%) and forecasted to remain so in three years (76.6%). However, its dividend payments have been volatile over the past decade, showing inconsistency despite a general increase. Recent follow-on equity offerings totaling A$15 million may impact future payouts but also indicate efforts to strengthen capital reserves amidst potential M&A activities with MyState Limited.
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Get an in-depth perspective on Auswide Bank's performance by reading our dividend report here.
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Our valuation report unveils the possibility Auswide Bank's shares may be trading at a discount.
Capral
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Capral Limited manufactures, markets, and distributes fabricated and semi-fabricated aluminum products in Australia, with a market cap of A$155.43 million.
Operations: Capral Limited generates revenue primarily from its Aluminium Products segment, amounting to A$614.84 million.
Dividend Yield: 6.1%
Capral's dividend yield stands in the top 25% of Australian payers at 6.14%, with payments well-covered by earnings (31%) and cash flows (14.4%). Despite a recent increase, dividends have been volatile over its 7-year history, indicating some unreliability. Trading at 15.5% below estimated fair value, Capral offers good relative value compared to peers. However, earnings are forecasted to decline by an average of 6.5% annually over the next three years, raising concerns about future sustainability.