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The ASX200 closed up a fifth of a percent at 8,209 points, finishing the week just below an all-time high. Australian markets are buoyed by Wall Street’s positive sentiment and optimism around a potential US Fed rate cut. In such dynamic market conditions, dividend stocks can offer stability and consistent income streams. This article will explore Kina Securities and two other ASX-listed dividend stocks that could enhance your portfolio.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.58% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.50% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.06% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.39% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.58% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.53% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.10% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.31% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.97% | ★★★★★☆ |
| Ricegrowers (ASX:SGLLV) | 6.26% | ★★★★☆☆ |
Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited (ASX:KSL) operates in Papua New Guinea, offering commercial banking, financial services, fund administration, investment management, and share brokerage services with a market cap of A$399.73 million.
Operations: Kina Securities Limited generates revenue primarily from its Banking & Finance segment (PGK 391.80 million) and Wealth Management segment (PGK 39.65 million).
Dividend Yield: 9.5%
Kina Securities offers a compelling dividend yield at 9.54%, placing it in the top 25% of Australian dividend payers. Despite this, the company's dividends have been unreliable and volatile over its nine-year history. The current payout ratio of 75.5% indicates that dividends are covered by earnings, with forecasts suggesting continued coverage in three years at a 68.8% payout ratio. However, concerns include high levels of bad loans (7.9%) and recent shareholder dilution.
Nine Entertainment Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nine Entertainment Co. Holdings Limited operates in the broadcasting and program production sectors, covering free-to-air television, video on demand, and metropolitan radio networks in Australia, with a market cap of A$1.94 billion.
Operations: Nine Entertainment Co. Holdings Limited generates revenue from several segments, including Stan (A$447.73 million), Publishing (A$558.63 million), Broadcasting (A$1.23 billion), and Domain Group (A$395.73 million).