As the ASX200 experiences a downturn, closing down nearly 1.3% with all sectors posting losses, investors might be looking for stability in their portfolios. In times of market volatility, dividend stocks can offer a semblance of predictability and regular income, making them an attractive option for those seeking to mitigate risk.

Top 10 Dividend Stocks In Australia

Click here to see the full list of 29 stocks from our Top ASX Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Capral

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

Overview: Capral Limited is an Australian company that manufactures, markets, and distributes fabricated and semi-fabricated aluminum products, with a market capitalization of A$154.04 million.

Operations: Capral Limited generates A$614.84 million from its aluminum products segment.

Dividend Yield: 6.2%

Capral, an Australian company, has a history of less than 10 years in dividend payments with some volatility, including a significant annual drop. Despite this, its dividends are well-supported by both earnings and cash flows, with payout ratios at 31% and 14.4% respectively. However, Capral's earnings are expected to decline by an average of 6.5% annually over the next three years. Recently, on July 1, 2024, Capral suspended its buyback plan.

• Delve into the full analysis dividend report here for a deeper understanding of Capral.

• In light of our recent valuation report, it seems possible that Capral is trading behind its estimated value.

JB Hi-Fi

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

Overview: JB Hi-Fi Limited operates a retail chain that sells home consumer products, with a market capitalization of approximately A$7.42 billion.

Operations: JB Hi-Fi Limited generates its revenue through three primary segments: The Good Guys (TGG) contributing A$2.66 billion, JB Hi-Fi Australia (JB Aust) with A$6.57 billion, and JB Hi-Fi New Zealand (JB NZ) at A$0.28 billion.

Dividend Yield: 4.1%

JB Hi-Fi's dividend yield of 4.1% falls below the top quartile in the Australian market, which averages 6.19%. Despite a history of volatile dividends over the past decade, its current payouts are well-supported by a payout ratio of 65% from earnings and a cash payout ratio of 46.7%. However, JB Hi-Fi faces challenges with forecasted average earnings declines of 1.6% annually over the next three years, alongside recent reports indicating slight sales declines across several segments as of March 2024.

• Navigate through the intricacies of JB Hi-Fi with our comprehensive dividend report here.

• The analysis detailed in our JB Hi-Fi valuation report hints at an inflated share price compared to its estimated value.

Premier Investments

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

Overview: Premier Investments Limited is a specialty retail company managing fashion chains across Australia, New Zealand, Asia, and Europe, with a market capitalization of A$5.06 billion.

Operations: Premier Investments Limited generates revenue primarily through its retail operations, which amounted to A$1.63 billion.

Dividend Yield: 4.3%

Premier Investments offers a modest dividend yield of 4.3%, which is lower than the top payers in Australia. The company maintains a sustainable payout with earnings covering 71.5% and cash flows at 55%. Over the past decade, dividends have shown stability and growth, suggesting reliability in its payments. Although its earnings are expected to grow by only 2.48% annually, the financial health indicated by stable historical payouts and covered dividends positions it as a dependable choice for consistent income.

• Unlock comprehensive insights into our analysis of Premier Investments stock in this dividend report.

• Our valuation report unveils the possibility Premier Investments' shares may be trading at a discount.

Where To Now?

• Click through to start exploring the rest of the 26 Top ASX Dividend Stocks now.

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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:CAA ASX:JBH and ASX:PMV.

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