Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance
Avoid TPG Telecom On The ASX And Explore One Better Dividend Stock Option
The appeal of dividend stocks in the Australian market is undeniable, especially for those looking to generate income. However, caution is advised as some companies exhibit warning signs that could affect their ability to sustain dividends. For instance, firms like TPG Telecom with high payout ratios may struggle to maintain their dividend payments, posing risks for long-term investors.
Top 10 Dividend Stocks In Australia
NameDividend YieldDividend RatingCollins Foods (ASX:CKF)3.11%★★★★★☆Lindsay Australia (ASX:LAU)6.59%★★★★★☆Nick Scali (ASX:NCK)5.22%★★★★★☆Fiducian Group (ASX:FID)4.02%★★★★★☆Fortescue (ASX:FMG)9.17%★★★★★☆Centuria Capital Group (ASX:CNI)7.12%★★★★★☆Eagers Automotive (ASX:APE)7.09%★★★★★☆Premier Investments (ASX:PMV)4.49%★★★★★☆Charter Hall Group (ASX:CHC)3.92%★★★★★☆Diversified United Investment (ASX:DUI)3.17%★★★★★☆