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The Australian stock market has shown resilience, with the ASX 200 rising by 0.9% to 8,245 points as investors temporarily set aside last week's downturn and embraced a day of gains across all sectors, particularly in Energy and IT. In this dynamic environment, dividend stocks can offer a stable income stream for investors seeking to navigate potential volatility; Accent Group and two other top picks stand out as noteworthy options for those looking to capitalize on consistent returns amidst fluctuating market conditions.
Top 10 Dividend Stocks In Australia
Name | Dividend Yield | Dividend Rating |
IPH (ASX:IPH) | 7.23% | ★★★★★☆ |
Accent Group (ASX:AX1) | 6.44% | ★★★★★☆ |
Lindsay Australia (ASX:LAU) | 7.78% | ★★★★★☆ |
Lycopodium (ASX:LYL) | 7.46% | ★★★★★☆ |
MFF Capital Investments (ASX:MFF) | 3.70% | ★★★★★☆ |
Nick Scali (ASX:NCK) | 3.55% | ★★★★★☆ |
Grange Resources (ASX:GRR) | 9.30% | ★★★★★☆ |
Super Retail Group (ASX:SUL) | 8.31% | ★★★★★☆ |
Fiducian Group (ASX:FID) | 4.22% | ★★★★★☆ |
Premier Investments (ASX:PMV) | 6.11% | ★★★★★☆ |
Click here to see the full list of 34 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
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 capitalization of A$1.14 billion.
Operations: Accent Group Limited generates revenue from its retail segment with A$1.30 billion and wholesale operations contributing A$475.92 million.
Dividend Yield: 6.4%
Accent Group's dividend yield of 6.44% places it among the top 25% of Australian dividend payers, with dividends covered by earnings (payout ratio: 87.5%) and cash flows (cash payout ratio: 38.2%). However, its dividend history has been volatile over the past decade, and recent interim dividends decreased to A$0.055 per share. The stock trades at a significant discount to estimated fair value, suggesting potential upside despite historical instability in payouts.
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Click here to discover the nuances of Accent Group with our detailed analytical dividend report.
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Upon reviewing our latest valuation report, Accent Group's share price might be too pessimistic.
NRW Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NRW Holdings Limited, with a market cap of A$1.36 billion, offers diversified contract services to the resources and infrastructure sectors in Australia through its subsidiaries.
Operations: NRW Holdings Limited generates revenue from its segments as follows: MET at A$853.22 million, Civil at A$776.06 million, and Mining at A$1.56 billion.