Top ASX Dividend Stocks To Consider In November 2024

In This Article:

As the ASX200 experiences a slight dip of 0.25% at 8178 points amidst global market shifts following Donald Trump's re-election, Australian investors are closely monitoring dividend stocks for stable returns in a volatile environment. In such times, selecting stocks with strong dividend yields can provide a reliable income stream, making them an attractive option for those looking to navigate the current economic landscape.

Top 10 Dividend Stocks In Australia

Name

Dividend Yield

Dividend Rating

Perenti (ASX:PRN)

6.84%

★★★★★☆

Nick Scali (ASX:NCK)

4.72%

★★★★★☆

Super Retail Group (ASX:SUL)

8.10%

★★★★★☆

Collins Foods (ASX:CKF)

3.29%

★★★★★☆

Fiducian Group (ASX:FID)

4.32%

★★★★★☆

MFF Capital Investments (ASX:MFF)

3.43%

★★★★★☆

National Storage REIT (ASX:NSR)

4.38%

★★★★★☆

Premier Investments (ASX:PMV)

4.22%

★★★★★☆

New Hope (ASX:NHC)

8.06%

★★★★☆☆

Santos (ASX:STO)

7.01%

★★★★☆☆

Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Collins Foods

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

Overview: Collins Foods Limited operates, manages, and administers restaurants in Australia and Europe with a market cap of A$1 billion.

Operations: Collins Foods Limited generates revenue from its restaurant operations, with A$54.38 million from Taco Bell Restaurants, A$313.47 million from KFC Restaurants in Europe, and A$1.12 billion from KFC Restaurants in Australia.

Dividend Yield: 3.3%

Collins Foods offers a stable dividend history with payments growing over the past decade, supported by a cash payout ratio of 35.2% and an earnings payout ratio of 59.1%, indicating sustainability. The dividend yield is relatively low at 3.29% compared to top Australian payers but is well-covered by cash flows and earnings. Recent leadership changes, including Xavier Simonet as CEO, may influence future strategic direction, potentially impacting dividends indirectly through operational performance enhancements.

ASX:CKF Dividend History as at Nov 2024
ASX:CKF Dividend History as at Nov 2024

Jumbo Interactive

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

Overview: Jumbo Interactive Limited operates as a retailer of lottery tickets via internet and mobile platforms across Australia, the United Kingdom, Canada, Fiji, and other international markets with a market cap of A$821.83 million.

Operations: Jumbo Interactive Limited generates revenue through three main segments: Managed Services (A$25.84 million), Lottery Retailing (A$123.40 million), and Software-As-A-Service (SaaS) (A$50.73 million).