Collins Foods And Two More ASX Dividend Stocks To Consider
In This Article:
Amidst a fluctuating week on the ASX, with sectors like Materials and Real Estate making notable gains while Consumer Staples saw a slight decline, investors continue to navigate through the diverse performance landscape of the Australian market. In this context, understanding the attributes that contribute to a resilient dividend stock becomes crucial, especially when certain sectors show strength and others falter.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.63% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.11% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 9.99% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.12% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.05% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.69% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.13% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.70% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.23% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.10% | ★★★★★☆ |
Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Collins Foods
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Collins Foods Limited operates and manages a chain of restaurants in Australia and Europe, with a market capitalization of approximately A$1.06 billion.
Operations: Collins Foods Limited generates revenue primarily through its KFC restaurants in Australia, which brought in A$1.12 billion, and its KFC and Taco Bell outlets in Europe, which contributed A$313.47 million and A$54.38 million respectively.
Dividend Yield: 3.1%
Collins Foods has demonstrated stable dividend growth over the past decade, with a current yield of 3.11%. Despite this, its yield remains below the top quartile in the Australian market. The company's dividends are well-supported by earnings and cash flows, with a payout ratio of 59.1% and a cash payout ratio of 35.2%, respectively. Recent financials show significant profit increase to A$76.72 million from A$12.75 million last year, suggesting improved financial health which could support future dividends despite recent executive changes following personal losses within leadership.
-
Click to explore a detailed breakdown of our findings in Collins Foods' dividend report.
-
Our valuation report here indicates Collins Foods may be undervalued.
Nick Scali
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nick Scali Limited operates in sourcing and retailing household furniture and related accessories across Australia and New Zealand, with a market capitalization of approximately A$1.27 billion.
Operations: Nick Scali Limited generates its revenue primarily through the retailing of furniture, amounting to A$450.45 million.