As the ASX 200 began the new financial year trading flat, with utilities leading sector gains and telecommunications lagging behind, investors are keeping a close eye on dividend stocks as a potential source of steady income. In an environment where certain sectors show resilience, identifying dividend stocks that offer attractive yields can be a prudent strategy for those seeking reliable returns amidst fluctuating market conditions.
|
Name |
Dividend Yield |
Dividend Rating |
|
Super Retail Group (ASX:SUL) |
8.30% |
★★★★★☆ |
|
Sugar Terminals (NSX:SUG) |
8.20% |
★★★★★☆ |
|
Ricegrowers (ASX:SGLLV) |
6.28% |
★★★★★☆ |
|
Nick Scali (ASX:NCK) |
3.36% |
★★★★★☆ |
|
Lycopodium (ASX:LYL) |
7.45% |
★★★★★☆ |
|
Lindsay Australia (ASX:LAU) |
6.89% |
★★★★★☆ |
|
IPH (ASX:IPH) |
7.59% |
★★★★★☆ |
|
Fiducian Group (ASX:FID) |
4.60% |
★★★★★☆ |
|
Bisalloy Steel Group (ASX:BIS) |
9.18% |
★★★★★☆ |
|
Accent Group (ASX:AX1) |
9.22% |
★★★★★☆ |
Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.
We’re going to check out a few of the best picks from our screener tool.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: IVE Group Limited operates in the marketing sector in Australia, with a market capitalization of A$439.42 million.
Operations: IVE Group Limited’s revenue primarily comes from its advertising segment, which accounts for A$975.43 million.
Dividend Yield: 6.3%
IVE Group offers a compelling dividend yield of 6.32%, ranking in the top 25% among Australian dividend payers. Its dividends are well-supported by both earnings and cash flows, with payout ratios of 66.7% and 26.7%, respectively, suggesting sustainability despite its high debt levels. However, investors should note the company’s volatile and unreliable dividend history over its nine-year record, which may raise concerns about future stability despite recent strong earnings growth of A$179 million last year.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Steadfast Group Limited operates as a general insurance brokerage firm across Australasia, Asia, and Europe with a market cap of A$6.61 billion.
Operations: Steadfast Group Limited generates revenue primarily from its Insurance Intermediary segment, which accounts for A$1.63 billion, and its Premium Funding segment, contributing A$120.20 million.
Dividend Yield: 3%
Steadfast Group’s dividends are supported by earnings and cash flows, with payout ratios of 85.8% and 43.1%, respectively, indicating sustainability despite high debt levels and a volatile dividend history. Trading at A$4 billion, it offers a low yield of 3.03% compared to top-tier Australian dividend stocks but has shown substantial earnings growth of 33.9% annually over five years, although past dividend reliability remains a concern for investors.