ASX Dividend Stocks Beacon Lighting Group And 2 More High-Yield Picks
In This Article:
The Australian market is up 2.1% over the last week and has climbed 11% in the past year, with earnings expected to grow by 13% per annum over the next few years. In this favorable economic environment, identifying high-yield dividend stocks like Beacon Lighting Group can be a strategic move for investors seeking steady income and potential growth.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.38% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.17% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.43% | ★★★★★☆ |
| Auswide Bank (ASX:ABA) | 9.66% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.05% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 6.84% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.46% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.64% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 6.21% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 3.98% | ★★★★★☆ |
Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.
We'll examine a selection from our screener results.
Beacon Lighting Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Beacon Lighting Group Limited (ASX:BLX) retails lighting products in Australia and internationally, with a market cap of A$569.36 million.
Operations: Beacon Lighting Group Limited generates revenue primarily from the sale of light fittings, fans, and energy-efficient products amounting to A$312.87 million.
Dividend Yield: 3.3%
Beacon Lighting Group's dividend payments have been volatile over the past decade, with occasional drops exceeding 20%. Despite this instability, the dividends are well-covered by earnings (payout ratio: 59.4%) and cash flows (cash payout ratio: 34.3%). Currently trading at a significant discount to its estimated fair value, BLX offers a dividend yield of 3.31%, which is lower than the top quartile of Australian dividend payers at 6.19%.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited (ASX:KSL) operates in Papua New Guinea, offering commercial banking, financial services, fund administration, investment management, and share brokerage services with a market cap of A$290.31 million.
Operations: Kina Securities Limited generates revenue primarily from its Banking & Finance segment at PGK 356.68 million and Wealth Management services at PGK 37.76 million.
Dividend Yield: 9.7%
Kina Securities' dividend yield is among the top 25% in Australia at 9.67%, but its payments have been volatile over the past eight years. The payout ratio stands at a reasonable 70%, indicating dividends are covered by earnings, and this coverage is expected to continue with a forecasted payout ratio of 68.5% in three years. Recent board changes include appointing Ian Clough as an independent director, bringing extensive retail experience to the company.