Top ASX Dividend Stocks To Consider: Amotiv And Two Others
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Over the last 7 days, the Australian market has dropped 2.2%, but it is up 5.2% over the past year with earnings forecasted to grow by 13% annually. In this context, identifying solid dividend stocks can be a prudent strategy for investors seeking steady income and potential growth; here are three ASX dividend stocks to consider: Amotiv and two others.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Lindsay Australia (ASX:LAU) | 6.67% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.21% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.59% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.27% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.24% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.07% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.70% | ★★★★★☆ |
| Bapcor (ASX:BAP) | 4.29% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.66% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.34% | ★★★★★☆ |
Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Amotiv
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Amotiv Limited, with a market cap of A$1.43 billion, manufactures, imports, distributes, and sells automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States through its subsidiaries.
Operations: Amotiv Limited's revenue segments consist of APG at A$303.59 million and Automotive at A$652.05 million.
Dividend Yield: 4%
Amotiv's dividend yield of 4% is below the top 25% of Australian dividend payers. While its dividends have increased over the past decade, they have been unreliable and volatile, with significant annual drops. The payout ratio stands at a manageable 53.3%, and cash flow coverage is strong at 27.3%. Despite trading at a good value—25% below estimated fair value—its unstable dividend track record remains a concern for investors seeking consistent income.
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 Taco Bell restaurants (A$54.38 million), KFC restaurants in Europe (A$313.47 million), and KFC restaurants in Australia (A$1.12 billion).
Dividend Yield: 3.2%
Collins Foods reported a significant earnings increase, with net income rising from A$12.75 million to A$76.72 million year-over-year. The company declared a cash dividend of A$0.155 per share, maintaining reliable and growing dividends over the past decade with a payout ratio of 59.1%. Although its dividend yield of 3.21% is lower than the top 25% in Australia, it remains well-covered by both earnings and free cash flow (35.2%).