Commonwealth Bank of Australia And 2 More Top ASX Dividend Stocks
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The Australian market has shown a positive trend, rising 1.1% over the last week and 18% over the past year, with earnings expected to grow by 12% annually. In this favorable environment, identifying strong dividend stocks like Commonwealth Bank of Australia can be key for investors seeking reliable income and potential capital appreciation.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.58% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 9.59% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.53% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.15% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.19% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.69% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.67% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.37% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.61% | ★★★★★☆ |
| Sugar Terminals (NSX:SUG) | 7.81% | ★★★★☆☆ |
Click here to see the full list of 41 stocks from our Top ASX Dividend Stocks screener.
Let's uncover some gems from our specialized screener.
Commonwealth Bank of Australia
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Commonwealth Bank of Australia offers financial services across Australia, New Zealand, and internationally, with a market cap of A$225.10 billion.
Operations: Commonwealth Bank of Australia's revenue segments include Retail Banking Services (Incl. Bankwest) at A$12.47 billion, Business Banking at A$8.14 billion, New Zealand operations at A$2.86 billion, and Institutional Banking and Markets at A$2.51 billion.
Dividend Yield: 3.5%
Commonwealth Bank of Australia has a mixed dividend profile, with payments covered by earnings at an 82.1% payout ratio, ensuring sustainability for now. However, its dividend yield of 3.45% is below the top quartile in Australia and has been volatile over the past decade. Recent executive changes and significant fixed-income offerings indicate strategic shifts but do not directly impact dividend reliability or growth prospects.
Collins Foods
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Collins Foods Limited operates, manages, and administers restaurants in Australia and Europe with a market cap of A$1.03 billion.
Operations: Collins Foods Limited generates revenue from its restaurant operations, with A$54.38 million from Taco Bell Restaurants, A$313.47 million from KFC Restaurants in Europe, and A$1.12 billion from KFC Restaurants in Australia.
Dividend Yield: 3.2%
Collins Foods offers a stable dividend profile with payments well-covered by earnings (59.1% payout ratio) and cash flows (35.2% cash payout ratio). The dividend yield of 3.19%, while reliable and growing over the past decade, is below top-tier Australian payers. Trading at a slight discount to estimated fair value, it presents good relative value in its sector. Recent executive changes align with long-term strategic needs but do not directly affect dividends.