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Over the last 7 days, the Australian market has remained flat, yet it is up 17% over the past year with earnings expected to grow by 12% annually in coming years. In this context of steady growth, dividend stocks that offer consistent payouts and potential capital appreciation can be particularly appealing to investors seeking reliable returns.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.55% | ★★★★★☆ |
| Perenti (ASX:PRN) | 7.58% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.63% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.12% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.19% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.53% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.56% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.44% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.40% | ★★★★★☆ |
| Australian United Investment (ASX:AUI) | 3.35% | ★★★★☆☆ |
Click here to see the full list of 38 stocks from our Top ASX Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Fortescue
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Fortescue Ltd is involved in the exploration, development, production, processing, and sale of iron ore across Australia, China, and international markets with a market cap of A$62.97 billion.
Operations: Fortescue Ltd generates its revenue primarily from Metals, contributing $18.13 billion, and also has a segment in Energy with $91 million.
Dividend Yield: 9.5%
Fortescue's dividend yield of 9.55% ranks in the top 25% among Australian dividend payers, supported by a payout ratio of 71.1%, indicating earnings coverage. However, its dividends have been volatile over the past decade and are considered unreliable due to inconsistency in growth. Recent board changes include Dr. Larry Marshall as Lead Independent Director, which may influence future strategic decisions impacting dividends. Earnings rose to US$5.68 billion for FY2024 from US$4.80 billion previously, reflecting strong financial performance despite upcoming challenges with forecasted earnings decline.
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Take a closer look at Fortescue's potential here in our dividend report.
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Our expertly prepared valuation report Fortescue implies its share price may be lower than expected.
Nine Entertainment Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Nine Entertainment Co. Holdings Limited operates in the broadcasting and program production sectors, offering free-to-air television, video on demand, and metropolitan radio services in Australia, with a market cap of A$1.99 billion.
Operations: Nine Entertainment Co. Holdings Limited generates revenue from several segments, including Stan (A$447.73 million), Publishing (A$558.63 million), Broadcasting (A$1.23 billion), and Domain Group (A$395.73 million).