The Australian market has shown resilience with a steady performance over the last week and an impressive 11% rise over the past year, coupled with expectations of a 13% annual earnings growth. In this context, dividend stocks can be particularly appealing for investors looking for stable income streams in a growing market.

Top 10 Dividend Stocks In Australia

Click here to see the full list of 27 stocks from our Top ASX Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Fiducian Group

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Fiducian Group Ltd operates in Australia, offering financial services through its subsidiaries, with a market capitalization of approximately A$236.08 million.

Operations: Fiducian Group Ltd generates revenue from four primary segments: Funds Management (A$20.49 million), Corporate Services (A$12.06 million), Financial Planning (A$28.95 million), and Platform Administration (A$15.38 million).

Dividend Yield: 4%

Fiducian Group has demonstrated a consistent dividend history, with stable payments over the past decade and an increase in dividends per share. The dividend yield stands at 4.04%, lower than the top Australian dividend payers. Despite this, the dividends are well-covered by earnings with a payout ratio of 83.7% and by cash flows with a cash payout ratio of 60.5%. Additionally, Fiducian is currently trading at 9.1% below its estimated fair value, suggesting potential undervaluation.

• Unlock comprehensive insights into our analysis of Fiducian Group stock in this dividend report.

• In light of our recent valuation report, it seems possible that Fiducian Group is trading behind its estimated value.

JB Hi-Fi

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: JB Hi-Fi Limited operates a retail business specializing in home consumer products, with a market capitalization of approximately A$6.89 billion.

Operations: JB Hi-Fi Limited generates revenue through three primary segments: JB Hi-Fi Australia with A$6.57 billion, The Good Guys at A$2.66 billion, and JB Hi-Fi New Zealand contributing A$0.28 billion.

Dividend Yield: 4.3%

JB Hi-Fi has shown a mixed performance in dividend reliability over the past decade, with significant fluctuations in annual payments. Recent sales data indicates slight growth challenges across its various segments, particularly with The Good Guys experiencing notable declines. However, JB Hi-Fi maintains a reasonable payout ratio at 65% and a cash payout ratio of 46.7%, ensuring dividends are well-supported by earnings and cash flows despite forecasted earnings declines of 1.4% annually over the next three years. Trading at 6.1% below estimated fair value suggests potential undervaluation relative to its market position.