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As the ASX200 experiences a modest rise of 0.5% to 8,582 points amidst ongoing speculation about the Reserve Bank of Australia's upcoming rate decision, investors are closely monitoring sector performances with IT and Staples leading gains. In this dynamic environment, dividend stocks can offer a stable income stream, making them an attractive option for those looking to navigate market fluctuations while benefiting from consistent returns.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.83% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.33% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.47% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.50% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.31% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 5.90% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.96% | ★★★★★☆ |
| New Hope (ASX:NHC) | 8.71% | ★★★★☆☆ |
| Grange Resources (ASX:GRR) | 8.70% | ★★★★☆☆ |
| Australian United Investment (ASX:AUI) | 3.48% | ★★★★☆☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Underneath we present a selection of stocks filtered out by our screen.
Servcorp
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Servcorp Limited offers executive serviced and virtual offices, coworking spaces, and IT, communications, and secretarial services with a market cap of A$523.01 million.
Operations: Servcorp Limited generates revenue primarily from its Real Estate - Rental segment, amounting to A$314.89 million.
Dividend Yield: 4.5%
Servcorp offers a mixed dividend profile. While its dividends are well-covered by earnings (59.7% payout ratio) and cash flows (14.2% cash payout ratio), the yield of 4.45% is below the top tier in Australia, which stands at 6.02%. Despite recent earnings growth and trading significantly below estimated fair value, Servcorp's dividend history has been volatile over the past decade, raising concerns about reliability for income-focused investors.
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Dive into the specifics of Servcorp here with our thorough dividend report.
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The valuation report we've compiled suggests that Servcorp's current price could be quite moderate.
Santos
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Santos Limited is involved in the exploration, development, production, transportation, and marketing of hydrocarbons in Australia and Papua New Guinea with a market cap of A$22.74 billion.
Operations: Santos Limited generates revenue from several segments, including Cooper Basin ($612 million), Queensland & NSW ($1.31 billion), Western Australia ($881 million), Papua New Guinea (PNG) ($2.71 billion), and Northern Australia & Timor-Leste ($84 million).