3 ASX Dividend Stocks Offering Up To 4.3% Yield

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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%.

ASX:AOV Dividend History as at Jul 2024

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).