3 ASX Dividend Stocks To Consider For Your Portfolio
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The Australian stock market recently faced a downturn, with the ASX200 closing down 0.87% amid concerns over the Chinese economy's strength, as all sectors ended in negative territory. In such volatile times, dividend stocks can offer a measure of stability and income for investors seeking to navigate uncertain markets.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.08% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.37% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.92% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.35% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.41% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.58% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.37% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.47% | ★★★★★☆ |
| New Hope (ASX:NHC) | 7.86% | ★★★★☆☆ |
| CTI Logistics (ASX:CLX) | 5.74% | ★★★★☆☆ |
Click here to see the full list of 38 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Commonwealth Bank of Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commonwealth Bank of Australia offers financial services across Australia, New Zealand, and internationally, with a market cap of A$238.87 billion.
Operations: Commonwealth Bank of Australia's revenue is primarily derived from Retail Banking Services including Bankwest (A$12.47 billion), Business Banking (A$8.14 billion), New Zealand operations (A$2.86 billion), and Institutional Banking and Markets (A$2.51 billion).
Dividend Yield: 3.3%
Commonwealth Bank of Australia has a dividend payout ratio currently at 82.1%, with forecasts suggesting coverage by earnings will remain sustainable over the next three years. However, its dividend yield of 3.26% is lower than the top quartile of Australian dividend payers, and its dividends have shown volatility over the past decade. Recent executive changes and fixed-income offerings may impact future financial stability but do not directly affect current dividend payments.
Collins Foods
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Collins Foods Limited operates, manages, and administers restaurants in Australia and Europe, with a market cap of A$986.11 million.
Operations: Collins Foods Limited generates revenue from its restaurant operations, with A$1.12 billion from KFC Restaurants in Australia, A$313.47 million from KFC Restaurants in Europe, and A$54.38 million from Taco Bell Restaurants.