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The ASX200 recently closed with a 0.48% decline, settling at 7,749 points. While sectors such as Staples and Discretionary faced losses, Real Estate recorded a minor increase. In these uncertain market conditions, dividend stocks can provide investors with both stability and income opportunities. It is essential to identify companies with robust fundamentals and appealing yield prospects to effectively navigate the current landscape.
Name
Dividend Yield
Dividend Rating
Sugar Terminals (NSX:SUG)
7.81%
★★★★★★
Premier Investments (ASX:PMV)
6.73%
★★★★★★
IPH (ASX:IPH)
8.14%
★★★★★☆
Accent Group (ASX:AX1)
7.37%
★★★★★☆
Super Retail Group (ASX:SUL)
9.22%
★★★★★☆
Lindsay Australia (ASX:LAU)
7.10%
★★★★★☆
Nick Scali (ASX:NCK)
3.91%
★★★★★☆
MFF Capital Investments (ASX:MFF)
3.75%
★★★★★☆
Lycopodium (ASX:LYL)
7.70%
★★★★★☆
Fiducian Group (ASX:FID)
4.49%
★★★★★☆
Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.
The following are notable selections from our dividend stock screening.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited holds a market capitalization of A$1.27 billion and operates through its subsidiaries to offer various automotive products in Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: The company generates revenue from three main divisions: Powertrain & Undercar (A$322.90 million), Lighting Power & Electrical (A$329.97 million), and 4WD Accessories & Trailering (A$345.41 million).
Dividend Yield: 4.4%
Despite fluctuations in dividend payments over the past decade, Amotiv has experienced overall growth. Recently, it announced a fully franked interim dividend of A$0.185 per share. Its payout ratio stands at a sustainable 70.1%, with a cash payout ratio of 45.5%, indicating robust coverage from earnings and cash flow. However, the yield does not match those of leading Australian dividend payers. Leadership alterations may positively affect governance and future company performance.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: JB Hi-Fi Limited, a major supplier in home consumer goods, has a market cap of A$9.51 billion.
Operations: JB Hi-Fi’s revenue is derived from multiple segments, including A$6.87 billion from JB Hi-Fi Australia, A$2.81 billion from The Good Guys, and A$331.40 million from JB Hi-Fi New Zealand.
Story Continues
Dividend Yield: 3%
JB Hi-Fi has shown volatility in its dividend payments but overall growth over the last ten years. The company declared a fully franked interim dividend of A$1.70 per share, marking a 7.6% increase and comprising 65% of net profit after tax. With a payout ratio at 64.9% and a cash payout ratio of 40.8%, these dividends are well-supported by the company’s earnings and cash flow, although the yield remains lower compared to top-tier Australian dividend stocks.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited provides a variety of financial services in Papua New Guinea, boasting a market capitalization of A$309.55 million.
Operations: The company’s revenue primarily comes from its Banking & Finance segment (PGK 443.00 million) and Wealth Management services (PGK 47.92 million).
Dividend Yield: 9.6%
Kina Securities offers an attractive dividend yield of 9.56%, placing it in the upper echelon of Australian dividend payers. The company’s payout ratio is sustainable at 73.2%, with predictions indicating improved coverage to 68.5% in the future. However, its dividend history has been inconsistent over the past nine years. Recent executive leadership changes, including the permanent appointment of Ivan Vidovich as CEO, could inform the company’s strategic direction and potentially enhance dividend consistency.
Explore the entire list of 35 Top ASX Dividend Stocks here.
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This piece by Simply Wall St presents general information. The content is based solely on historical performance and analyst projections and does not serve as financial advice. It should not be interpreted as a recommendation for the purchase or sale of any stocks, nor does it consider individual goals or financial situations. Our analysis aims to be long-term focused, relying on fundamental data. Note that it may not account for the latest price-sensitive announcements or qualitative factors affecting companies. Simply Wall St does not hold positions in listed stocks.
Companies discussed in this article include ASX:AOV, ASX:JBH, and ASX:KSL.
Have feedback on this article or concerns about the content? Contact us directly. Alternatively, you may email editorial-team@simplywallst.com.
Source
finance.yahoo.com