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As the Australian market experiences a modest uptick, with the ASX200 rising by 0.21% to 8,135 points, investors are closely monitoring sector performances amidst ongoing corporate developments. In this context of fluctuating sector dynamics and leadership changes, dividend stocks remain an attractive option for those seeking steady income streams; their appeal is particularly strong when utilities and information technology sectors show resilience.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 6.87% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.70% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.36% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.39% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.35% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.54% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.38% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.22% | ★★★★★☆ |
| New Hope (ASX:NHC) | 7.86% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.36% | ★★★★☆☆ |
Click here to see the full list of 37 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Australian United Investment
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Australian United Investment Company Limited is a publicly owned investment manager with a market cap of A$1.37 billion.
Operations: Australian United Investment Company Limited generates its revenue primarily from investments, totaling A$57.76 million.
Dividend Yield: 3.4%
Australian United Investment's dividends, though stable and reliable over the past decade, present challenges for sustainability. The recent cash dividend of A$0.20 and special dividend of A$0.08 highlight a commitment to shareholder returns despite a high payout ratio of 95% that isn't well covered by earnings or cash flows. With net income declining to A$49.12 million from the previous year's A$56.36 million, maintaining current dividend levels could be challenging without improved financial performance.
Bisalloy Steel Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion-resistant steel plates in Australia, Indonesia, Thailand, and internationally with a market cap of A$152.81 million.
Operations: Bisalloy Steel Group Limited generates revenue through the production and distribution of high-performance steel plates across various markets, including Australia, Indonesia, Thailand, and other international regions.