In This Article:
Over the past week, the Australian market has shown stability with no significant changes, while it has experienced a 9.1% increase over the last year. With earnings projected to grow by 14% annually in the coming years, dividend stocks like Beacon Lighting Group offer potential for investors looking for steady income in a growing market.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Collins Foods (ASX:CKF) | 3.13% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 9.29% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 6.93% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.88% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.15% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.04% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.56% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.40% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.30% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.08% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Beacon Lighting Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Beacon Lighting Group Limited operates as a retailer of lighting products both in Australia and internationally, with a market capitalization of approximately A$535.33 million.
Operations: Beacon Lighting Group Limited generates its revenue primarily through the sale of light fittings, fans, and energy-efficient products, totaling A$312.87 million.
Dividend Yield: 3.5%
Beacon Lighting Group (BLX) offers a dividend yield of 3.52%, which is modest compared to the top Australian dividend stocks. Despite this, BLX's dividends are supported by a cash payout ratio of 34.3% and an earnings payout ratio of 59.4%, indicating sustainability from both earnings and cash flow perspectives. However, its dividend history shows volatility and unreliability over the past decade, with significant fluctuations including annual drops over 20%. Additionally, BLX is currently trading at 58% below estimated fair value, suggesting potential undervaluation.
Centuria Capital Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Centuria Capital Group is an investment manager based in Australia, specializing in the marketing and management of investment products with a market capitalization of approximately A$1.38 billion.
Operations: Centuria Capital Group generates revenue through various segments including Development (A$40.07 million), Benefit Funds (A$10.35 million), Co-Investments (A$53.33 million), Non-Operating Items (A$51.53 million), Property Funds Management (A$178.53 million), Investment Bonds Management (A$9.79 million), and Property and Development Finance (A$17.46 million).