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Dividend Yield: 6.5%

Lycopodium has seen a 10-year increase in dividend payments, boasting a yield of 6.54%, placing it among the top 25% of Australian dividend payers. However, with a cash payout ratio of 244.7%, dividends are not well supported by cash flows, indicating potential sustainability issues despite a reasonable earnings payout ratio of 57.2%. Additionally, Lycopodium's dividends have shown volatility over the decade and significant insider selling has occurred recently, suggesting caution.

• Get an in-depth perspective on Lycopodium's performance by reading our dividend report here.

• The analysis detailed in our Lycopodium valuation report hints at an deflated share price compared to its estimated value.

Metcash

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

Overview: Metcash Limited is a wholesale distribution and marketing company in Australia, with a market capitalization of approximately A$4.13 billion.

Operations: Metcash Limited generates revenue through three primary segments: Food (A$8.40 billion), Liquor (A$5.11 billion), and Hardware (A$2.40 billion).

Dividend Yield: 5.8%

Metcash has experienced fluctuations in its dividend payments over the last decade, with notable volatility impacting reliability. Despite this, dividends have grown during this period and are currently supported by a cash payout ratio of 64.5% and an earnings payout ratio of 77.6%. However, Metcash's dividend yield of 5.82% remains below the top quartile average in Australia's market at 6.54%, reflecting potential concerns about its attractiveness to dividend-focused investors. Additionally, shareholder dilution occurred over the past year, further complicating its investment profile.

• Unlock comprehensive insights into our analysis of Metcash stock in this dividend report.

• Upon reviewing our latest valuation report, Metcash's share price might be too pessimistic.

Where To Now?

• Dive into all 27 of the Top ASX Dividend Stocks we have identified here.

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• 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:FID ASX:LYL and ASX:MTS.

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