Unveiling 3 Premier Dividend Stocks Yielding Over 5.1%
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As global markets show signs of vitality, with the US tech giants rallying and positive expectations for the ASX200, investors are keenly awaiting domestic economic cues from upcoming inflation data that could influence future interest rate decisions. Amidst these broader market movements, understanding the attributes of strong dividend stocks becomes crucial, especially in a landscape where economic indicators and corporate actions might sway investor sentiment.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Nick Scali (ASX:NCK) | 4.98% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.74% | ★★★★★☆ |
| Auswide Bank (ASX:ABA) | 9.86% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 6.71% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.65% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.49% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 8.40% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.23% | ★★★★★☆ |
| Ricegrowers (ASX:SGLLV) | 8.11% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.63% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
New Hope
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: New Hope Corporation Limited, operating in the energy sector, focuses on the exploration, development, production, and processing of coal and oil and gas properties with a market capitalization of approximately A$3.82 billion.
Operations: New Hope Corporation Limited generates revenue primarily from its coal mining activities in New South Wales and Queensland, totaling approximately A$1.88 billion and A$0.05 billion respectively.
Dividend Yield: 9.5%
New Hope Corporation Limited, with a dividend yield of 9.51%, offers an attractive rate in the top 25% for Australian dividend stocks. Despite this, its dividends raise sustainability concerns; they are not well-covered by cash flows, evidenced by a high cash payout ratio of 90.2%. Financially, the company saw a significant drop in net income and revenue in the half-year report ending January 2024, with earnings per share also declining from A$0.775 to A$0.298. While trading at 45.2% below estimated fair value suggests potential upside, inconsistent dividends over the past decade and forecasted earnings decline could concern investors looking for stable returns.
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Click to explore a detailed breakdown of our findings in New Hope's dividend report.
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Our expertly prepared valuation report New Hope implies its share price may be lower than expected.
NRW Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NRW Holdings Limited is an Australian company offering diversified contract services to the resources and infrastructure sectors, with a market capitalization of approximately A$1.29 billion.