In This Article:
Over the last 7 days, the Australian market has dropped 1.7%, but it is up 10% over the past year, with earnings expected to grow by 12% per annum over the next few years. In this context, identifying dividend stocks that offer strong yields and stable performance can be a prudent strategy for investors seeking reliable income and potential growth.
Top 10 Dividend Stocks In Australia
Name | Dividend Yield | Dividend Rating |
Perenti (ASX:PRN) | 8.08% | ★★★★★☆ |
Nick Scali (ASX:NCK) | 4.40% | ★★★★★☆ |
Collins Foods (ASX:CKF) | 3.56% | ★★★★★☆ |
Fiducian Group (ASX:FID) | 4.71% | ★★★★★☆ |
MFF Capital Investments (ASX:MFF) | 3.69% | ★★★★★☆ |
Super Retail Group (ASX:SUL) | 6.91% | ★★★★★☆ |
GrainCorp (ASX:GNC) | 6.18% | ★★★★★☆ |
National Storage REIT (ASX:NSR) | 4.45% | ★★★★★☆ |
Premier Investments (ASX:PMV) | 4.05% | ★★★★★☆ |
Grange Resources (ASX:GRR) | 8.00% | ★★★★☆☆ |
Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
BlueScope Steel
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: BlueScope Steel Limited produces and markets metal coated and painted steel building products across Australia, New Zealand, Asia, North America, and internationally with a market cap of A$8.70 billion.
Operations: BlueScope Steel Limited's revenue segments include Coated Products Asia (A$2.08 billion), Australian Steel Products (A$6.98 billion), North Star BlueScope Steel (A$3.84 billion), New Zealand & Pacific Islands (A$914.70 million), and Buildings and Coated Products North America (A$3.70 billion).
Dividend Yield: 3%
BlueScope Steel's dividend payments are well covered by earnings (payout ratio: 30.6%) and cash flows (cash payout ratio: 60.7%), though they have been volatile over the past decade. Recent announcements include a fully franked final dividend of A$0.30 per share and earnings results showing a decline in net income to A$805.7 million for FY2024 from A$1 billion last year, reflecting some financial instability despite an attractive valuation trading at 54% below estimated fair value.
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Unlock comprehensive insights into our analysis of BlueScope Steel stock in this dividend report.
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Upon reviewing our latest valuation report, BlueScope Steel's share price might be too pessimistic.
Shaver Shop Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shaver Shop Group Limited (ASX:SSG) retails personal care and grooming products in Australia and New Zealand, with a market cap of A$154.59 million.
Operations: Shaver Shop Group Limited generates revenue primarily through retail store sales of specialist personal grooming products, amounting to A$219.37 million.