Bendigo And Adelaide Bank And 2 Top ASX Dividend Stocks
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The Australian market has remained flat over the last week, but it has experienced a significant 22% rise over the past year, with earnings projected to grow by 12% annually in the coming years. In this context, identifying strong dividend stocks like Bendigo and Adelaide Bank can be crucial for investors seeking reliable income and potential growth amidst these dynamic conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 6.75% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.61% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 7.19% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.32% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.60% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.26% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.38% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.45% | ★★★★★☆ |
| Santos (ASX:STO) | 6.59% | ★★★★☆☆ |
| CTI Logistics (ASX:CLX) | 5.79% | ★★★★☆☆ |
Click here to see the full list of 37 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of the screener.
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$6.88 billion.
Operations: Bendigo and Adelaide Bank's revenue is primarily derived from its Consumer segment at A$1.12 billion, followed by the Business & Agribusiness segment at A$761.10 million, and the Corporate segment at A$67.50 million.
Dividend Yield: 5.2%
Bendigo and Adelaide Bank's dividend profile shows a mixed picture. The bank recently increased its fully franked full-year dividend to A$0.63 per share, up from A$0.61 the previous year, indicating growth despite a historically volatile and unreliable dividend track record. With a current payout ratio of 65.4%, dividends are covered by earnings, though the yield remains below top-tier Australian payers at 5.19%. Recent board changes might influence future strategic directions.
Lycopodium
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Lycopodium Limited offers engineering and project delivery services across the resources, rail infrastructure, and industrial processes sectors in Australia, with a market cap of A$442.07 million.
Operations: Lycopodium Limited's revenue is primarily derived from its resources segment, which generated A$366.49 million, complemented by contributions of A$11.45 million from process industries and A$10.21 million from rail infrastructure.