Published on 16 May 2024 on Simply Wall St. via Yahoo Finance
The Australian stock market has shown a mixed performance recently, with the ASX200 seeing a modest increase driven primarily by strength in the materials sector, buoyed by government budget promises around critical minerals and hydrogen. Amidst this backdrop, dividend stocks remain an attractive option for investors looking to generate steady income from their portfolios. In light of current market conditions, understanding what defines a robust dividend stock is crucial—particularly those that can sustain payouts even in fluctuating economic landscapes.
Top 10 Dividend Stocks In Australia
NameDividend YieldDividend RatingLindsay Australia (ASX:LAU)6.32%★★★★★☆Fiducian Group (ASX:FID)3.97%★★★★★☆Nick Scali (ASX:NCK)4.83%★★★★★☆Centuria Capital Group (ASX:CNI)6.86%★★★★★☆Charter Hall Group (ASX:CHC)3.63%★★★★★☆Premier Investments (ASX:PMV)4.53%★★★★★☆Fortescue (ASX:FMG)7.71%★★★★★☆Diversified United Investment (ASX:DUI)3.23%★★★★★☆Ricegrowers (ASX:SGLLV)7.98%★★★★☆☆New Hope (ASX:NHC)9.21%★★★★☆☆