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Fleetwood's dividend yield of 8.19% ranks in the top 25% of Australian payers, but sustainability concerns arise due to a high payout ratio of 286.1%, indicating dividends are not well covered by earnings. Despite a recent increase to A$0.115 per share, dividends have been volatile over the past decade. The company's recent buyback and improved half-year results with sales at A$271.94 million show positive momentum, yet profit margins remain slim at 1%.

• Unlock comprehensive insights into our analysis of Fleetwood stock in this dividend report.

• The valuation report we've compiled suggests that Fleetwood's current price could be inflated.

Ricegrowers

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Ricegrowers Limited is a rice food company with operations in Australia, New Zealand, the Pacific Islands, the Middle East, and the United States, and has a market cap of A$713.24 million.

Operations: Ricegrowers Limited generates revenue from several segments, including Riviana (A$228.15 million), Cop Rice (A$249.32 million), Rice Food (A$127.76 million), Rice Pool (A$477.65 million), Corporate Segment (A$41.03 million), and International Rice (A$892 million).

Dividend Yield: 5%

Ricegrowers' dividend yield of 5% falls short of Australia's top 25% payers. Despite its dividends being covered by earnings and cash flows, with a payout ratio of 56.3% and cash payout at 41%, the payments have been volatile over the past decade. Trading at good value, Ricegrowers is priced significantly below its estimated fair value, but an unstable dividend track record may concern income-focused investors seeking reliability.

• Click here to discover the nuances of Ricegrowers with our detailed analytical dividend report.

• In light of our recent valuation report, it seems possible that Ricegrowers is trading behind its estimated value.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:AX1 ASX:FWD and ASX:SGLLV.

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