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Over the past year, the Australian market has shown robust growth, rising by 8.5%, with earnings projected to increase by 14% annually. In this dynamic environment, dividend stocks that demonstrate consistent payouts and potential for earnings growth stand out as particularly appealing options for investors.
Top 10 Dividend Stocks In Australia
Name | Dividend Yield | Dividend Rating |
Lindsay Australia (ASX:LAU) | 6.67% | ★★★★★☆ |
Fiducian Group (ASX:FID) | 3.89% | ★★★★★☆ |
Nick Scali (ASX:NCK) | 4.99% | ★★★★★☆ |
Centuria Capital Group (ASX:CNI) | 6.61% | ★★★★★☆ |
Charter Hall Group (ASX:CHC) | 3.58% | ★★★★★☆ |
Eagers Automotive (ASX:APE) | 7.32% | ★★★★★☆ |
Premier Investments (ASX:PMV) | 4.72% | ★★★★★☆ |
Fortescue (ASX:FMG) | 8.09% | ★★★★★☆ |
Diversified United Investment (ASX:DUI) | 3.18% | ★★★★★☆ |
Australian United Investment (ASX:AUI) | 3.59% | ★★★★☆☆ |
Click here to see the full list of 26 stocks from our Top ASX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Harvey Norman Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Harvey Norman Holdings Limited operates in integrated retail, franchise, property, and digital system sectors with a market capitalization of approximately A$5.58 billion.
Operations: Harvey Norman Holdings Limited generates revenue from various international retail segments, including A$982.46 million from New Zealand, A$204.83 million from Slovenia & Croatia, A$691.09 million from Singapore & Malaysia, A$237.17 million from non-franchised retail, and A$676.83 million from Ireland & Northern Ireland.
Dividend Yield: 4.5%
Harvey Norman Holdings has demonstrated a mixed track record in dividend stability, with significant fluctuations over the past decade. Despite this, its dividends are sustainably covered by earnings and cash flows, with payout ratios of 73.4% and 39.2% respectively. However, its dividend yield of 4.46% falls below the top quartile of Australian dividend stocks at 6.43%. Additionally, recent profit margins have declined to 13.4%, down from last year's 26.6%.
JB Hi-Fi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: JB Hi-Fi Limited operates a retail chain specializing in consumer electronics and home products, with a market capitalization of approximately A$6.39 billion.
Operations: JB Hi-Fi Limited generates revenue through its segments: JB Hi-Fi Australia (A$6.57 billion), The Good Guys (A$2.66 billion), and JB Hi-Fi New Zealand (A$0.28 billion).