ASX Dividend Stocks To Boost Your Portfolio
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In the last week, the Australian market has stayed flat, with notable gains in the Information Technology sector at 11%. Over the past year, the market is up 12%, and earnings are forecast to grow by 14% annually. In this stable yet promising environment, identifying strong dividend stocks can provide a reliable income stream and potential for growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Collins Foods (ASX:CKF) | 3.66% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.51% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.21% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.66% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.60% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.41% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.84% | ★★★★★☆ |
| New Hope (ASX:NHC) | 9.03% | ★★★★☆☆ |
| Ricegrowers (ASX:SGLLV) | 6.55% | ★★★★☆☆ |
| Macquarie Group (ASX:MQG) | 3.03% | ★★★★☆☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Premier Investments
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Premier Investments Limited operates various specialty retail fashion chains in Australia, New Zealand, Asia, and Europe with a market cap of A$5.66 billion.
Operations: Premier Investments Limited generates revenue from its retail segment, amounting to A$1.63 billion, and its investment segment, which contributes A$217.83 million.
Dividend Yield: 3.8%
Premier Investments' dividends are covered by earnings (71.5% payout ratio) and cash flows (55% cash payout ratio). The company has delivered reliable and growing dividend payments over the past 10 years, with stable dividends per share. However, its 3.84% dividend yield is lower than the top 25% of Australian dividend payers. Trading at 36% below estimated fair value, Premier Investments offers a dependable but not top-tier yield for dividend investors.
Shaver Shop Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Shaver Shop Group Limited (ASX:SSG) is a retailer of personal care and grooming products operating in Australia and New Zealand, with a market cap of A$157.21 million.
Operations: Shaver Shop Group Limited generates revenue primarily through retail store sales of specialist personal grooming products, amounting to A$219.66 million.
Dividend Yield: 8.2%
Shaver Shop Group's dividend yield (8.23%) ranks in the top 25% of Australian dividend payers, with payments covered by earnings (83.6% payout ratio) and cash flows (52.9% cash payout ratio). Despite a volatile eight-year dividend track record, recent earnings showed a decline: sales fell to A$219.4 million from A$224.5 million, and net income dropped to A$15.1 million from A$16.8 million year-over-year, indicating potential challenges ahead for maintaining dividends at current levels.