3 ASX Dividend Stocks Yielding Up To 5.4%
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Over the last 7 days, the Australian market has remained flat, but it has shown a robust rise of 17% over the past year with earnings forecast to grow by 12% annually. In this context, identifying dividend stocks that offer stable yields can be an effective strategy for investors seeking income and potential growth in a steady market environment.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.50% | ★★★★★☆ |
| Perenti (ASX:PRN) | 7.66% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.62% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.11% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.21% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.59% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.61% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.45% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.58% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.81% | ★★★★☆☆ |
Click here to see the full list of 41 stocks from our Top ASX Dividend Stocks screener.
We'll examine a selection from our screener results.
Bendigo and Adelaide Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bendigo and Adelaide Bank Limited provides banking and financial services to retail customers and small to medium-sized businesses in Australia, with a market cap of A$6.47 billion.
Operations: Bendigo and Adelaide Bank Limited generates revenue through its Consumer segment at A$1.12 billion, Business & Agribusiness segment at A$761.10 million, and Corporate segment at A$67.50 million.
Dividend Yield: 5.4%
Bendigo and Adelaide Bank's dividend payments have been volatile over the past decade, yet they remain covered by earnings with a payout ratio of 65.4%, expected to rise to 72.9% in three years. Despite recent increases, the dividend yield of 5.45% is below top-tier Australian payers. The bank reported net income growth to A$545 million for FY2024, alongside a fully franked full-year dividend increase to A$0.63 per share from A$0.61 in FY2023.
MFF Capital Investments
Simply Wall St Dividend Rating: ★★★★★☆
Overview: MFF Capital Investments Limited is an investment firm manager with a market cap of A$2.25 billion.
Operations: MFF Capital Investments Limited generates its revenue primarily through equity investments, amounting to A$659.96 million.
Dividend Yield: 3.6%
MFF Capital Investments has consistently increased its dividends over the past decade, maintaining stability and reliability. The recent announcement of a final dividend of 7 cents per share reflects this trend. Despite a lower yield of 3.61% compared to top-tier Australian dividend payers, MFF's dividends are well-covered by earnings and cash flows, with payout ratios at 16.8% and 24.1%, respectively. Earnings have grown significantly by 38.3%, supporting sustainable dividend payments.