Over the last 7 days, the Australian market has risen by 1.1%, contributing to a robust 17% increase over the past year, with earnings forecasted to grow by 12% annually. In this thriving environment, dividend stocks yielding around 3.3% can offer a compelling opportunity for investors seeking steady income and potential capital appreciation.

Top 10 Dividend Stocks In Australia

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.

Australian United Investment

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

Overview: Australian United Investment Company Limited is a publicly owned investment manager with a market cap of A$1.37 billion.

Operations: Australian United Investment Company Limited generates revenue primarily from its investment segment, amounting to A$57.76 million.

Dividend Yield: 3.4%

Australian United Investment has maintained stable and growing dividends over the past decade, but its current dividend yield of 3.36% is low compared to top-tier Australian dividend stocks. The payout ratio is high at 95%, indicating dividends are not well covered by earnings, though cash flows currently support them with a cash payout ratio of 89.7%. Recent financial results show a decline in net income to A$49.12 million, impacting dividend sustainability concerns.

• Delve into the full analysis dividend report here for a deeper understanding of Australian United Investment.

• Our valuation report here indicates Australian United Investment may be overvalued.

Fiducian Group

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

Overview: Fiducian Group Ltd, with a market cap of A$276.69 million, operates in Australia through its subsidiaries providing financial services.

Operations: Fiducian Group Ltd generates revenue through several segments including Funds Management (A$22.08 million), Corporate Services (A$15.06 million), Financial Planning (A$27.69 million), and Platform Administration (A$15.97 million).

Dividend Yield: 4.5%

Fiducian Group has consistently provided stable and growing dividends over the past decade, with a current yield of 4.47%, which is below the top tier in Australia. The dividend is well-covered by both earnings and cash flows, with payout ratios of 82.3% and 63.8%, respectively, indicating sustainability. Recent financial performance shows an increase in net income to A$15.04 million from A$12.32 million, supporting continued dividend reliability despite a lower yield compared to leading payers.