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The Australian market has remained flat over the last week yet it is up 15% over the past year with earnings projected to grow by 13% annually. In this environment, identifying dividend stocks that offer reliable income and potential for capital appreciation can be a strategic move for investors seeking stability and growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 6.81% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.67% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.05% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.31% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.32% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.27% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.45% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.29% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.15% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.42% | ★★★★☆☆ |
Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.48 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: 3.9%
Amotiv's dividend payments have been volatile over the past decade, with a recent fully franked final dividend of A$0.22 per share. Despite this instability, dividends are well covered by earnings and cash flows, with payout ratios of 57.2% and 37.7%, respectively. The company is trading at a discount to its estimated fair value, offering potential for capital appreciation alongside dividends. Recent share buyback initiatives may also enhance shareholder value in the long term.
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Click to explore a detailed breakdown of our findings in Amotiv's dividend report.
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Our valuation report here indicates Amotiv may be undervalued.
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 with a market cap of A$290.83 million.
Operations: Kina Securities Limited generates revenue through its Banking & Finance segment, which accounts for PGK 391.80 million, and its Wealth Management services, contributing PGK 39.65 million.
Dividend Yield: 9.8%