In This Article:
The Australian market has stayed flat over the past week but is up 8.0% over the past year, with earnings expected to grow by 13% per annum in the coming years. In this environment, a good dividend stock combines steady income with potential for growth, making it an attractive option for investors looking to capitalize on current market conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.74% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.21% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.75% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.30% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.61% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.39% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.76% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.60% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.23% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.41% | ★★★★★☆ |
Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Grange Resources
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Grange Resources Limited operates an integrated iron ore mining and pellet production business in Australia and internationally, with a market cap of A$347.20 million.
Operations: Grange Resources Limited generated A$614.74 million from its ore mining segment.
Dividend Yield: 6.7%
Grange Resources offers a compelling dividend yield of 6.67%, placing it in the top 25% of Australian dividend payers. Its dividends are well-covered by both earnings (15.4% payout ratio) and free cash flows (14.4% cash payout ratio). However, the company's dividend payments have been volatile over the past decade, with no growth observed during this period. Recent executive changes include Mr. Weidong Wang assuming the role of CEO as of July 15, 2024, following Mr. Honglin Zhao's retirement.
Harvey Norman Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Harvey Norman Holdings Limited operates in the integrated retail, franchise, property, and digital system sectors with a market cap of A$5.62 billion.
Operations: Harvey Norman Holdings Limited generates revenue from various segments, including A$982.46 million from New Zealand retail, A$204.83 million from Slovenia and Croatia retail, A$691.09 million from Singapore and Malaysia retail, A$237.17 million from non-franchised retail operations, and A$676.83 million from Ireland and Northern Ireland retail activities.