In This Article:
The Australian market has shown positive momentum, rising 1.1% over the last week and climbing 11% in the past year, with earnings expected to grow by 13% annually in the coming years. In this favorable environment, identifying strong dividend stocks can be an effective strategy for boosting your income and capitalizing on market growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.92% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.72% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.24% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.73% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.70% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.62% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.87% | ★★★★★☆ |
| New Hope (ASX:NHC) | 9.41% | ★★★★☆☆ |
| Grange Resources (ASX:GRR) | 7.27% | ★★★★☆☆ |
| Macquarie Group (ASX:MQG) | 3.00% | ★★★★☆☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
MFF Capital Investments
Simply Wall St Dividend Rating: ★★★★★☆
Overview: MFF Capital Investments Limited is an investment firm manager with a market cap of A$2.19 billion.
Operations: MFF Capital Investments Limited generates revenue primarily from its equity investments, amounting to A$659.96 million.
Dividend Yield: 3.7%
MFF Capital Investments offers a reliable dividend yield of 3.7%, with payments well-covered by earnings (payout ratio: 16.8%) and cash flows (cash payout ratio: 24.1%). The company has consistently increased its dividends over the past decade, maintaining stability. Recent earnings show strong growth, with net income rising to A$447.36 million from A$323.58 million year-over-year, supporting the final dividend of 7 cents per share announced for November 2024 payment.
QBE Insurance Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: QBE Insurance Group Limited underwrites general insurance and reinsurance risks in the Australia Pacific, North America, and internationally, with a market cap of A$23.74 billion.
Operations: QBE Insurance Group Limited generates revenue from its International segment ($9.56 billion), North America ($7.71 billion), and Australia Pacific ($5.91 billion).
Dividend Yield: 3.7%
QBE Insurance Group's recent interim dividend increase to 24 Australian cents per share, up from 14 cents last year, reflects improved earnings and cash flow coverage. The company's net income for H1 2024 nearly doubled to US$802 million, supporting a payout ratio of 42.9% and a low cash payout ratio of 17.2%. However, QBE's dividend history has been volatile over the past decade despite recent growth in payments.