Yahoo Finance 3 ASX Dividend Stocks Offering Up To 4.3% Yield
Over the past year, the Australian market has shown a positive trajectory with an 8.4% increase, despite recent flat performance over the last week. In this context of promising earnings growth forecasted at 13% annually, dividend stocks that offer substantial yields can be particularly appealing for investors looking for steady income streams.
Top 10 Dividend Stocks In Australia
Name | Dividend Yield | Dividend Rating |
Lindsay Australia (ASX:LAU) | 6.45% | ★★★★★☆ |
Collins Foods (ASX:CKF) | 3.11% | ★★★★★☆ |
Fortescue (ASX:FMG) | 9.47% | ★★★★★☆ |
Centuria Capital Group (ASX:CNI) | 6.84% | ★★★★★☆ |
Nick Scali (ASX:NCK) | 4.75% | ★★★★★☆ |
Fiducian Group (ASX:FID) | 4.06% | ★★★★★☆ |
Eagers Automotive (ASX:APE) | 7.03% | ★★★★★☆ |
Charter Hall Group (ASX:CHC) | 3.67% | ★★★★★☆ |
Premier Investments (ASX:PMV) | 4.29% | ★★★★★☆ |
Diversified United Investment (ASX:DUI) | 3.09% | ★★★★★☆ |
Click here to see the full list of 29 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited is an automotive company that manufactures, imports, distributes, and sells automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States with a market cap of A$1.48 billion.
Operations: Amotiv Limited generates revenue primarily through its Automotive segment, which brought in A$652.05 million, and its APG division, contributing A$303.59 million.
Dividend Yield: 3.9%
Amotiv's dividend yield at 3.86% falls below the top Australian dividend payers' average of 6.19%. Despite this, Amotiv's dividends show potential stability with a payout ratio of 53.3% and a cash payout ratio of 27.3%, suggesting earnings and cash flows adequately cover dividends. However, the company has experienced volatility in its dividend payments over the past decade, though there has been growth in payouts during this period. Additionally, earnings have significantly increased by 128.3% over the past year and are expected to grow annually by 5.71%.
Get an in-depth perspective on Amotiv's performance by reading our dividend report here.
Our expertly prepared valuation report Amotiv implies its share price may be lower than expected.
NRW Holdings
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NRW Holdings Limited, operating in Australia, offers diversified contract services to the resources and infrastructure sectors with a market capitalization of approximately A$1.52 billion.
Operations: NRW Holdings Limited generates its revenue primarily from three segments: Mining (A$1.49 billion), Civil (A$593.62 million), and MET (A$739.07 million).
Dividend Yield: 4.3%
NRW Holdings Limited, with a dividend yield of 4.33%, sits below the top quartile of Australian dividend stocks at 6.19%. Despite this, its dividends are moderately secure, backed by a payout ratio of 74% and a cash payout ratio of 68.6%, indicating that both earnings and cash flows sufficiently cover the dividend payments. However, NRW's history shows unstable and volatile dividends over the last decade. Recently, on July 17, 2024, NRW reaffirmed its revenue guidance for fiscal year 2024 at A$2.9 billion.
QBE Insurance Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: QBE Insurance Group Limited is a global insurer and reinsurer, operating across the Australia Pacific, North America, and other international markets, with a market capitalization of approximately A$25.47 billion.
Operations: QBE Insurance Group Limited generates revenue primarily through its segments in North America (A$11.12 billion), International markets (A$9.56 billion), and the Australia Pacific region (A$5.97 billion).
Dividend Yield: 3.6%
QBE Insurance Group Limited has seen earnings growth of 143% over the past year with expectations to grow by 6.22% annually. Despite a dividend yield of 3.55%, which is below the top Australian dividend payers, its dividends are well-supported with a payout ratio of 48.3% and a cash payout ratio of 44.7%. Recent board changes and the appointment of a new head of sustainability reflect ongoing governance adjustments. However, QBE's dividend history has been marked by volatility over the last decade.
Make It Happen
Click through to start exploring the rest of the 26 Top ASX Dividend Stocks now.
Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.
Seeking Other Investments?
Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
Find companies with promising cash flow potential yet trading below their fair value.
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:AOV ASX:NWH and ASX:QBE.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
