3 High-Yielding ASX Dividend Stocks With Yields From 3% To 9.9%
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The Australian stock market experienced a downturn this week, with the ASX200 closing down 0.81% and all sectors finishing in the red. This recent volatility highlights the importance of considering stable, high-yielding dividend stocks as part of a diversified investment strategy, especially in times when market recalibrations impact broader economic sentiments.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Collins Foods (ASX:CKF) | 3.17% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 9.22% | ★★★★★☆ |
| Centuria Capital Group (ASX:CNI) | 7.01% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 4.84% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.07% | ★★★★★☆ |
| Eagers Automotive (ASX:APE) | 7.02% | ★★★★★☆ |
| Charter Hall Group (ASX:CHC) | 3.52% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.38% | ★★★★★☆ |
| Diversified United Investment (ASX:DUI) | 3.09% | ★★★★★☆ |
| Ricegrowers (ASX:SGLLV) | 7.17% | ★★★★☆☆ |
Click here to see the full list of 29 stocks from our Top ASX Dividend Stocks screener.
Let's dive into some prime choices out of from the screener.
IGO
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: IGO Limited is an Australian exploration and mining company specializing in metals critical for clean energy, with a market capitalization of A$4.47 billion.
Operations: IGO Limited generates revenue primarily through its Nova Operation and Forrestania Operation, which collectively contributed A$903.40 million in the latest reporting period.
Dividend Yield: 9.3%
IGO offers a high dividend yield at 9.31%, ranking in the top 25% of Australian dividend payers. However, its sustainability is questionable with a payout ratio of 185%, indicating dividends are not well covered by earnings. Dividend reliability has been compromised by volatility and undercoverage over the past decade, despite an increase in payments during this period. Recent appointments on the board suggest a strengthening in governance which might impact future financial stability and dividend policies.
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Click to explore a detailed breakdown of our findings in IGO's dividend report.
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Upon reviewing our latest valuation report, IGO's share price might be too pessimistic.
Kina Securities
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kina Securities Limited, operating in Papua New Guinea, offers a range of services including commercial banking, financial and fund administration, investment management, and share brokerage with a market capitalization of A$281.68 million.
Operations: Kina Securities Limited generates revenue primarily through its Wealth Management and Banking & Finance segments, totaling PGK 37.76 million and PGK 356.68 million respectively.
Dividend Yield: 10%