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As the ASX200 edges up by 0.25% to 8,505 points, driven by gains in the Industrials and Financials sectors, Australian investors are keenly observing dividend stocks that offer stability amidst fluctuating performances in IT and Health Care. In this environment, a good dividend stock is often characterized by consistent earnings growth and a strong track record of reliable payouts, making it an attractive option for those seeking steady income streams.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fiducian Group (ASX:FID) | 4.53% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.41% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.50% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.31% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 5.80% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.89% | ★★★★★☆ |
| New Hope (ASX:NHC) | 8.46% | ★★★★☆☆ |
| Santos (ASX:STO) | 6.97% | ★★★★☆☆ |
| Grange Resources (ASX:GRR) | 8.89% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.47% | ★★★★☆☆ |
Click here to see the full list of 29 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.49 billion, operates through its subsidiaries to manufacture, import, distribute, and sell automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: Amotiv Limited generates revenue from three main segments: Powertrain & Undercar (A$313.90 million), Lighting Power & Electrical (A$324.47 million), and 4WD Accessories & Trailering (A$348.81 million).
Dividend Yield: 3.8%
Amotiv's dividend payments have been volatile over the past decade, despite recent increases. The company's dividends are currently well-covered by both earnings and cash flows, with payout ratios of 57.2% and 37.5%, respectively. However, Amotiv's dividend yield of 3.81% is below the top quartile in Australia. Recent earnings showed a decline in net income to A$33 million for H1 2024 from A$50.2 million in the previous year, potentially impacting future distributions.
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Click here and access our complete dividend analysis report to understand the dynamics of Amotiv.
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Our expertly prepared valuation report Amotiv implies its share price may be lower than expected.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited operates in Papua New Guinea, offering commercial banking, financial services, fund administration, investment management, and share brokerage services with a market cap of A$325.38 million.
Operations: Kina Securities Limited generates its revenue from Wealth Management (PGK 39.65 million) and Banking & Finance, including Corporate services (PGK 391.80 million) in Papua New Guinea.