3 ASX Dividend Stocks Yielding Up To 9.6%
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In the last week, the Australian market has been flat; however, over the past 12 months, it has risen by 15% with earnings forecasted to grow by 12% annually. In this context of steady growth and positive outlooks, identifying dividend stocks that offer robust yields can be a prudent strategy for investors seeking income alongside potential capital appreciation.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Fortescue (ASX:FMG) | 9.89% | ★★★★★☆ |
| Perenti (ASX:PRN) | 7.66% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.49% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.11% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.28% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.47% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.62% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.49% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.48% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.81% | ★★★★☆☆ |
Click here to see the full list of 39 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.45 billion, operates through its subsidiaries to manufacture, import, distribute, and sell automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States.
Operations: Amotiv Limited generates revenue through three main segments: Powertrain & Undercar (A$313.90 million), Lighting Power & Electrical (A$324.47 million), and 4wd Accessories & Trailering (A$348.81 million).
Dividend Yield: 3.9%
Amotiv Limited recently declared a fully franked final dividend of A$0.22 per share, reflecting a commitment to shareholder returns despite an unstable dividend history over the past decade. The company maintains a sustainable payout ratio of 57.2%, with dividends well-covered by cash flows at 37.7%. Although its yield is lower than top-tier Australian dividend payers, Amotiv's earnings growth and strategic executive changes suggest potential for future stability in dividends.
Bisalloy Steel Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Bisalloy Steel Group Limited manufactures and sells quenched and tempered, high-tensile, and abrasion-resistant steel plates in Australia, Indonesia, Thailand, and internationally with a market cap of A$152.33 million.
Operations: Bisalloy Steel Group Limited generates revenue through the production and distribution of specialized steel plates, including quenched and tempered, high-tensile, and abrasion-resistant varieties, across Australia, Indonesia, Thailand, and other international markets.