3 Leading ASX Dividend Stocks Yielding Up To 6.7%
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Over the last 7 days, the Australian market has dropped 3.7%, but it has risen by 4.4% over the past year, with earnings expected to grow by 13% annually in the coming years. In this fluctuating environment, identifying strong dividend stocks can provide a reliable income stream and potential for capital growth, making them an attractive option for investors seeking stability and returns.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.74% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.25% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.72% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.16% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.39% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.32% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.71% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.64% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.36% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.11% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
Accent Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Accent Group Limited operates in the retail, distribution, and franchise sectors for lifestyle footwear, apparel, and accessories in Australia and New Zealand with a market cap of A$1.18 billion.
Operations: Accent Group Limited generates revenue primarily from its multi-channel retail operations of performance and lifestyle footwear, amounting to A$1.40 billion.
Dividend Yield: 6.7%
Accent Group's dividend yield of 6.67% places it in the top 25% of Australian dividend payers, but its payments have been unreliable and volatile over the past decade. Despite a high payout ratio (107.2%) indicating dividends are not well covered by earnings, the cash payout ratio is low at 39%, suggesting better coverage by cash flows. Recent changes include appointing James Anderson as Chief Information Officer to lead technology and transformation initiatives starting June 18th, 2024.
Fiducian Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Fiducian Group Ltd, with a market cap of A$222.23 million, operates through its subsidiaries to offer financial services in Australia.
Operations: Fiducian Group Ltd generates revenue through four main segments: Funds Management (A$20.49 million), Corporate Services (A$12.06 million), Financial Planning (A$28.95 million), and Platform Administration (A$15.38 million).