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As the Australian market navigates a relatively stable period without significant volatility, the ASX200 closed at 7,760 points with Health Care leading the sectors. In such conditions, dividend stocks can offer investors a reliable income stream and potential stability amidst broader market fluctuations.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| IPH (ASX:IPH) | 7.59% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 8.12% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 6.84% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 9.36% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.54% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.76% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.57% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.18% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.81% | ★★★★★☆ |
| IVE Group (ASX:IGL) | 7.63% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
We'll examine a selection from our screener results.
Smartgroup
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Smartgroup Corporation Ltd, with a market cap of A$991.03 million, provides employee management services in Australia.
Operations: Smartgroup Corporation Ltd generates revenue through its Vehicle Services segment, which contributes A$21.87 million, and its Outsourced Administration segment, which brings in A$287.87 million.
Dividend Yield: 6.7%
Smartgroup's dividend yield of 6.73% places it in the top 25% of Australian dividend payers, yet its dividends have been volatile over the past decade. Recent announcements include a fully franked special dividend and an increase in regular dividends, reflecting strong earnings growth with net income rising to A$75.6 million for 2024. However, the high cash payout ratio (134.8%) suggests dividends are not well covered by free cash flows, raising sustainability concerns despite analyst optimism on stock price potential.
Super Retail Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Super Retail Group Limited operates as a retailer of auto, sports, and outdoor leisure products in Australia and New Zealand, with a market cap of A$2.87 billion.
Operations: Super Retail Group Limited generates revenue through its segments: Rebel at A$1.32 billion, Macpac at A$215.80 million, Super Cheap Auto (SCA) at A$1.51 billion, and Boating, Camping and Fishing (BCF) excluding Macpac at A$912.60 million.
Dividend Yield: 9.4%
Super Retail Group's dividend yield of 9.36% ranks it among the top 25% in Australia, although its dividend history has been volatile over the past decade. The company's dividends are covered by earnings and cash flows with a payout ratio of 68.8%. Recent earnings reports show mixed results, with net income declining to A$129.8 million despite increased sales and revenue. The company declared a fully franked interim dividend of A$0.32 per share, payable on April 15, 2025.