Three ASX Dividend Stocks Offering Yields From 4.1% To 7.0%
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Amidst a challenging day on the ASX200, where all sectors closed in the red and notable declines were observed across materials and real estate sectors, investors may seek stability and potential income through dividend-yielding stocks. In times of market volatility, such stocks can offer a semblance of predictability and steady returns, making them an appealing option for those looking to mitigate risk.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 7.06% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 3.97% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 6.72% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.94% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.54% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.21% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.68% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 8.56% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.12% | ★★★★★☆ |
| New Hope (ASX:NHC) | 8.98% | ★★★★☆☆ |
Click here to see the full list of 27 stocks from our Top ASX Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
Lindsay Australia
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Lindsay Australia Limited operates in Australia, offering integrated transport, logistics, and rural supply services primarily to sectors like food processing and horticulture, with a market capitalization of approximately A$271.81 million.
Operations: Lindsay Australia Limited generates revenue through its rural and transport services, with the rural segment bringing in A$158.73 million and the transport segment accounting for A$571.38 million.
Dividend Yield: 7.1%
Lindsay Australia offers a dividend yield of 7.06%, ranking in the top 25% of Australian dividend payers. Despite past volatility in dividend payments, current dividends are well-supported by both earnings and cash flows, with a payout ratio of 43.7% and a cash payout ratio of 38.9%. Additionally, the company's earnings have shown significant growth, increasing by 50.3% over the past year with future growth projected at 9% annually. However, shareholder dilution occurred over the past year, indicating potential concerns about equity value retention.
Nick Scali
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Nick Scali Limited operates in the sourcing and retailing of household furniture and related accessories across Australia and New Zealand, with a market capitalization of approximately A$1.20 billion.