Dividend Yield: 4.1%

nib holdings has a payout ratio of 67.5%, indicating its dividends are covered by earnings, and the cash payout ratio of 57.9% shows coverage by cash flows as well. However, the dividend yield is relatively low at 4.06%, and payments have been volatile over the past decade despite some growth. Recent news includes CEO Mark Fitzgibbon's retirement announcement, with Ed Close set to take over by year-end, potentially impacting future strategic direction and dividend stability.

• Dive into the specifics of nib holdings here with our thorough dividend report.

• Our valuation report here indicates nib holdings may be undervalued.

Ricegrowers

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Ricegrowers Limited, with a market cap of A$537.45 million, operates as a rice food company serving markets in Australia, New Zealand, the Pacific Islands, the Middle East, the United States, and internationally.

Operations: Ricegrowers Limited generates revenue from several key segments, including Riviana (A$222.01 million), Cop Rice (A$252.75 million), Rice Food (A$121.03 million), Rice Pool (A$498.11 million), Corporate Segment (A$45.79 million), and International Rice (A$894.03 million).

Dividend Yield: 6.5%

Ricegrowers Limited has shown steady earnings growth, with net income rising to A$63.14 million for the year ending April 30, 2024. The company’s dividend yield of 6.48% places it in the top quartile among Australian dividend payers. Dividends are well-covered by both earnings and cash flows, with payout ratios of 56.4% and 44%, respectively. However, Ricegrowers has only a nine-year history of paying dividends, which have been somewhat volatile over this period.

• Navigate through the intricacies of Ricegrowers with our comprehensive dividend report here.

• The valuation report we've compiled suggests that Ricegrowers' current price could be quite moderate.

Summing It All Up

• Take a closer look at our Top ASX Dividend Stocks list of 33 companies by clicking here.

• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.

• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:MQG ASX:NHF and ASX:SGLLV.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com