3 ASX Dividend Stocks Yielding Up To 9.8%
In This Article:
As the ASX200 flirts with record highs, investors are navigating a landscape marked by sector volatility and economic caution, underscored by recent fluctuations in tech and healthcare stocks. In such an environment, dividend stocks offer a compelling proposition for those seeking stable income streams amid market turbulence.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Super Retail Group (ASX:SUL) | 8.28% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 8.45% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.13% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.71% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.21% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 6.85% | ★★★★★☆ |
| IPH (ASX:IPH) | 7.32% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.39% | ★★★★★☆ |
| Bisalloy Steel Group (ASX:BIS) | 9.31% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 6.93% | ★★★★★☆ |
Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Accent Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Accent Group Limited operates in the retail, distribution, and franchise sectors for lifestyle footwear, apparel, and accessories across Australia and New Zealand with a market cap of A$1.13 billion.
Operations: Accent Group Limited generates its revenue primarily through Retail at A$1.30 billion and Wholesale at A$475.92 million.
Dividend Yield: 6.9%
Accent Group's dividend yield of 6.93% places it among the top 25% of Australian dividend payers, although its payments have been volatile over the past decade. Despite this volatility, dividends are well-covered by both earnings (payout ratio: 87.5%) and cash flows (cash payout ratio: 40.5%). Recent strategic agreements with Frasers Group, including a significant equity offering raising A$60.45 million, aim to bolster growth through expanded retail operations in Australasia and enhance future revenue streams.
NRW Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NRW Holdings Limited operates through its subsidiaries to offer diversified contract services in the resources and infrastructure sectors across Australia, with a market capitalization of A$1.30 billion.
Operations: NRW Holdings Limited generates revenue through its key segments: MET (A$853.22 million), Civil (A$776.06 million), and Mining (A$1.56 billion).
Dividend Yield: 5.4%
NRW Holdings offers a dividend yield of 5.44%, lower than the top 25% in Australia, with dividends covered by earnings (63.4% payout ratio) and cash flows (55.3% cash payout ratio). Despite a history of unstable payments, dividends have grown over the past decade. Trading at 41.1% below estimated fair value, it presents good relative value compared to peers. The recent appointment of CFO Peter Bryant may impact financial strategy positively given his extensive industry experience.