Top ASX Dividend Stocks To Consider In September 2024
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The Australian market has recently seen notable movements, with the ASX200 closing up 0.1% at 8,212 points. The Materials sector led gains driven by a higher iron ore price following China's latest stimulus announcement, while Financials and Health Care lagged behind. In this dynamic environment, identifying robust dividend stocks can provide stability and consistent income for investors amidst fluctuating market conditions.
Top 10 Dividend Stocks In Australia
| Name | Dividend Yield | Dividend Rating |
| Perenti (ASX:PRN) | 7.44% | ★★★★★☆ |
| Fortescue (ASX:FMG) | 9.45% | ★★★★★☆ |
| Super Retail Group (ASX:SUL) | 6.62% | ★★★★★☆ |
| Nick Scali (ASX:NCK) | 3.98% | ★★★★★☆ |
| Collins Foods (ASX:CKF) | 3.22% | ★★★★★☆ |
| Fiducian Group (ASX:FID) | 4.75% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.60% | ★★★★★☆ |
| National Storage REIT (ASX:NSR) | 4.33% | ★★★★★☆ |
| GrainCorp (ASX:GNC) | 5.99% | ★★★★★☆ |
| Premier Investments (ASX:PMV) | 4.54% | ★★★★★☆ |
Click here to see the full list of 39 stocks from our Top ASX Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Computershare
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Computershare Limited (ASX:CPU) offers issuer services, employee share plans, communication solutions, technology services, and mortgage and property rental management with a market cap of A$14.72 billion.
Operations: Computershare Limited's revenue segments include Issuer Services ($1.21 billion), Global Corporate Trust ($936.33 million), Technology Services & Operations ($18.73 million), Communication Services & Utilities ($340.20 million), Employee Share Plans & Voucher Services ($458.48 million), and Mortgage Services & Property Rental Services ($499.68 million).
Dividend Yield: 3.3%
Computershare's dividend payments have been volatile and unreliable over the past decade, despite a reasonable payout ratio of 66.5% and cash flow coverage of 55.3%. Recent earnings growth was modest at 2%, with future earnings expected to increase by 7.5%. The company announced a dividend increase to A$0.42 per share for June 2024 and continues share buybacks, repurchasing shares worth A$321 million in the first half of 2024.
Ridley
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Ridley Corporation Limited (ASX:RIC) provides animal nutrition solutions in Australia and has a market cap of A$815.18 million.
Operations: Ridley Corporation Limited generates revenue from two main segments: Bulk Stockfeeds, which contributes A$886.59 million, and Packaged/Ingredients, accounting for A$376.31 million.