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Dividend Yield: 9.2%

Fleetwood's dividend yield of 9.24% ranks in the top 25% of Australian payers, but its dividends have been unreliable and volatile over the past decade. The payout ratio is high at 286.1%, indicating dividends are not well-covered by earnings, though cash flows do cover them with a ratio of 57.4%. Recent earnings growth and a dividend increase to A$0.115 suggest potential improvement, but sustainability remains uncertain due to low profit margins and large one-off items affecting results.

• Delve into the full analysis dividend report here for a deeper understanding of Fleetwood.

• Our valuation report unveils the possibility Fleetwood's shares may be trading at a premium.

Ricegrowers

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

Overview: Ricegrowers Limited is a rice food company with operations in Australia, New Zealand, the Pacific Islands, the Middle East, the United States, and internationally; it has a market cap of A$678.19 million.

Operations: Ricegrowers Limited generates its revenue through several key segments, including Riviana (A$228.15 million), Cop Rice (A$249.32 million), Rice Food (A$127.76 million), Rice Pool (A$477.65 million), Corporate Segment (A$41.03 million), and International Rice (A$892 million).

Dividend Yield: 5.3%

Ricegrowers' dividend yield of 5.26% is below the top tier in Australia, but its payouts are well-covered by earnings and cash flows with payout ratios of 56.3% and 41%, respectively. Despite a decade-long increase in dividends, the track record has been unstable with volatility over 20%. Trading at a significant discount to fair value, Ricegrowers offers good relative value compared to peers, though dividend reliability remains a concern due to past inconsistencies.

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

• Our valuation report here indicates Ricegrowers may be undervalued.

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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:AX1 ASX:FWD and ASX:SGLLV.

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