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The Australian market has shown mixed performance recently, with the ASX200 experiencing a slight uptick, closing up 0.07% at 7,942 points, and sectors like IT and Health Care leading the gains. In this environment of sector-specific fluctuations, investors often look to dividend stocks for their potential to provide steady income streams; here we explore three ASX-listed companies offering yields up to 6.6%.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| IPH (ASX:IPH) | 7.73% | ★★★★★☆ |
| Accent Group (ASX:AX1) | 7.20% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 8.12% | ★★★★★☆ |
| GR Engineering Services (ASX:GNG) | 6.57% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 8.93% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 7.00% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.67% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.67% | ★★★★★☆ |
| Lycopodium (ASX:LYL) | 7.26% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.56% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Commonwealth Bank of Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commonwealth Bank of Australia offers retail and commercial banking services across Australia, New Zealand, and internationally, with a market cap of A$248.51 billion.
Operations: Commonwealth Bank of Australia's revenue is derived from several segments, including Retail Banking Services (Incl. Bankwest) at A$12.73 billion, Business Banking at A$8.37 billion, New Zealand operations at A$2.97 billion, and Institutional Banking and Markets at A$2.65 billion.
Dividend Yield: 3.1%
Commonwealth Bank of Australia's dividend payments have been volatile over the past decade, though they are currently covered by earnings with an 81.2% payout ratio. While dividends have grown in recent years, the yield of 3.13% is low compared to top Australian dividend payers. Recent events include a A$1.25 billion fixed-income offering and board changes, which could influence future financial strategies and stability in dividend distribution.
Medibank Private
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Medibank Private Limited offers private health insurance and health services in Australia, with a market cap of A$12.09 billion.
Operations: Medibank Private Limited generates revenue from its Health Insurance segment, which accounts for A$8.06 billion, and its Medibank Health segment, contributing A$447.10 million.