In This Article:
As the Australian market navigates a mixed performance with the ASX200 slightly down and sectors like Energy and Information Technology showing resilience, investors are keeping a close eye on economic indicators such as the falling unemployment rate, which suggests a tight labor market amid broader economic challenges. In this environment, dividend stocks can offer stability and income potential, making them an attractive option for those seeking steady returns; Bendigo and Adelaide Bank along with two other noteworthy stocks exemplify these qualities in today's fluctuating landscape.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.80% | ★★★★★☆ |
| Perenti (ASX:PRN) | 6.25% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.36% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.02% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.44% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.56% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.14% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.62% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.01% | ★★★★★☆ |
| New Hope (ASX:NHC) | 7.83% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Bendigo and Adelaide Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bendigo and Adelaide Bank Limited provides banking and financial services to retail customers and small to medium-sized businesses in Australia, with a market cap of A$7.51 billion.
Operations: Bendigo and Adelaide Bank Limited generates revenue through its Consumer segment at A$1.12 billion, Business & Agribusiness segment at A$761.10 million, and Corporate segment at A$67.50 million.
Dividend Yield: 4.8%
Bendigo and Adelaide Bank's dividend payments have increased over the past decade but have been unreliable, with volatility exceeding a 20% annual drop at times. The current payout ratio is 65.4%, suggesting dividends are covered by earnings, and this is expected to remain sustainable in three years with a 72.7% forecasted payout ratio. However, its dividend yield of 4.75% lags behind top-tier Australian payers, despite trading at A$11 billion below estimated fair value.
Nine Entertainment Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nine Entertainment Co. Holdings Limited operates in the broadcasting and program production sectors, offering services across free-to-air television, video on demand, and metropolitan radio networks in Australia with a market cap of A$2 billion.