3 ASX Dividend Stocks Yielding Up To 9.5%
The Australian market recently saw the ASX200 closing down 0.48% at 7,749 points, with sectors like Staples and Discretionary leading the decline, while Real Estate managed a slight gain. In this fluctuating environment, dividend stocks can offer investors a measure of stability and income potential; selecting those with strong fundamentals and attractive yields is crucial for navigating current market conditions.
|
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.
Here we highlight a subset of our preferred stocks from the screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.27 billion, operates through its subsidiaries to manufacture, import, distribute, and sell automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: Amotiv Limited’s revenue is primarily derived from three segments: 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%
Amotiv Limited’s dividend payments have been volatile over the past decade, though they have increased overall. The company recently declared a fully franked interim dividend of A$0.185 per share. Despite a reasonable payout ratio of 70.1% and cash payout ratio of 45.5%, suggesting dividends are well-covered by earnings and cash flow, its yield is lower than top-tier Australian dividend payers. Recent board changes may enhance governance, potentially impacting future financial performance positively.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: JB Hi-Fi Limited is a retailer of home consumer products with a market cap of A$9.51 billion.
Operations: JB Hi-Fi Limited’s revenue segments include 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.
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