Avoid Kelsian Group And Explore This One Superior ASX Dividend Stock Instead
In This Article:
In the quest for reliable dividend income from Australian stocks, investors should be wary of companies with unstable dividend histories. While a high yield might seem appealing, a history of significant dividend cuts, as seen with Kelsian Group, can indicate underlying financial challenges. Today we will compare two distinct examples to help guide your investment decisions in this area.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Collins Foods (ASX:CKF) | 3.09% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 5.26% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.21% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.07% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.99% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 8.76% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.96% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.60% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.16% | ★★★★★☆ |
| Australian United Investment (ASX:AUI) | 3.59% | ★★★★☆☆ |
Click here to see the full list of 27 stocks from our Top ASX Dividend Stocks screener.
Let's dive into one of the prime choices out of the screener and one to possibly skip over.
Top Pick
Fiducian Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Fiducian Group Ltd operates as a financial services provider in Australia, with a market capitalization of approximately A$239.23 million.
Operations: The company generates revenue through four primary 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).
Dividend Yield: 4%
Fiducian Group maintains a solid track record in dividend reliability, consistently increasing payouts over the past decade with a current yield of 4.09%. Despite dividends being slightly lower than the top Australian dividend payers, they are well-supported by earnings and cash flows, with payout ratios at 83.7% and cash payout ratios at 60.5%, respectively. This stability contrasts sharply with some peers who have experienced significant dividend cuts, underlining Fiducian's dependable income stream for investors.
One To Reconsider
Kelsian Group
Simply Wall St Dividend Rating: ★★☆☆☆☆
Overview: Kelsian Group Limited operates in the provision of land and marine transport and tourism services across Australia, the United States, Singapore, and the United Kingdom, with a market capitalization of approximately A$1.30 billion.