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As the Australian market navigates a period of slight downturn, with the ASX200 down 0.4% and all sectors losing ground, investors are closely watching how economic factors like the Reserve Bank's decision to hold interest rates at 4.35% impact their portfolios. In such an environment, dividend stocks can offer a reliable income stream and potential stability, making them an attractive option for those seeking to bolster their investments amidst broader market fluctuations.
Top 10 Dividend Stocks In Australia
Name | Dividend Yield | Dividend Rating |
Perenti (ASX:PRN) | 6.93% | ★★★★★☆ |
Nick Scali (ASX:NCK) | 4.71% | ★★★★★☆ |
Super Retail Group (ASX:SUL) | 8.34% | ★★★★★☆ |
Collins Foods (ASX:CKF) | 3.37% | ★★★★★☆ |
Fiducian Group (ASX:FID) | 4.30% | ★★★★★☆ |
MFF Capital Investments (ASX:MFF) | 3.56% | ★★★★★☆ |
National Storage REIT (ASX:NSR) | 4.40% | ★★★★★☆ |
GrainCorp (ASX:GNC) | 6.09% | ★★★★★☆ |
Premier Investments (ASX:PMV) | 4.24% | ★★★★★☆ |
Grange Resources (ASX:GRR) | 8.33% | ★★★★☆☆ |
Click here to see the full list of 37 stocks from our Top ASX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Commonwealth Bank of Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commonwealth Bank of Australia offers financial services across Australia, New Zealand, and internationally with a market cap of A$241.38 billion.
Operations: Commonwealth Bank of Australia's revenue segments include Retail Banking Services (Incl. Bankwest) at A$12.47 billion, Business Banking at A$8.14 billion, New Zealand operations at A$2.86 billion, and Institutional Banking and Markets contributing A$2.51 billion.
Dividend Yield: 3.2%
Commonwealth Bank of Australia's dividend payments have been volatile over the past decade, with a current payout ratio of 82.1% indicating coverage by earnings. Despite this, its dividend yield is relatively low at 3.22% compared to top Australian payers. Recent executive changes and significant fixed-income offerings indicate strategic shifts, while insider selling raises some concerns about internal confidence in future performance stability.
Fiducian Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Fiducian Group Ltd, with a market cap of A$288.02 million, operates in Australia through its subsidiaries to provide financial services.
Operations: Fiducian Group Ltd generates revenue through its diverse financial services operations in Australia, with contributions from Funds Management (A$22.08 million), Corporate Services (A$15.06 million), Financial Planning (A$27.69 million), and Platform Administration (A$15.97 million).