ASX Dividend Stocks To Watch In June 2025

As the Australian market navigates renewed trade uncertainties and sector-specific fluctuations, dividend stocks continue to be a focal point for investors seeking stable income amidst volatility. In such a climate, identifying companies with strong fundamentals and consistent dividend payouts can offer a measure of reliability in an otherwise unpredictable environment.

Top 10 Dividend Stocks In Australia

Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Carlton Investments (ASX:CIN)

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

Overview: Carlton Investments Limited is a publicly owned asset management holding company with a market cap of A$897.80 million.

Operations: Carlton Investments Limited generates its revenue primarily from the acquisition and long-term holding of shares and units, amounting to A$42.01 million.

Dividend Yield: 3.1%

Carlton Investments offers a mixed profile for dividend investors. While its dividends are covered by both earnings (payout ratio: 72.5%) and cash flows (cash payout ratio: 68.8%), indicating sustainability, the dividend yield of 3.06% is relatively low compared to top-tier Australian payers. Despite a decade-long increase in dividends, their payments have been volatile with significant annual drops over 20%, highlighting reliability concerns for income-focused investors seeking stability.

• Click here and access our complete dividend analysis report to understand the dynamics of Carlton Investments.
• Our expertly prepared valuation report Carlton Investments implies its share price may be too high.

Fleetwood (ASX:FWD)

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

Overview: Fleetwood Limited operates in Australia and New Zealand, focusing on the design, manufacture, sale, and installation of modular accommodation and buildings, with a market cap of A$278.70 million.

Operations: Fleetwood Limited's revenue is primarily derived from its Building Solutions segment at A$340.12 million, followed by RV Solutions at A$71.51 million, and Community Solutions at A$50.02 million.

Dividend Yield: 7.7%

Fleetwood's dividend yield of 7.69% ranks in the top 25% of Australian payers, but its sustainability is questionable due to a high payout ratio (286.1%) not covered by earnings or cash flows. Although dividends have increased over the past decade, they have been volatile and unreliable, with significant fluctuations. The stock trades at a discount to its estimated fair value, suggesting potential for capital appreciation despite concerns about dividend stability and coverage.

• Get an in-depth perspective on Fleetwood's performance by reading our dividend report here.
• According our valuation report, there's an indication that Fleetwood's share price might be on the expensive side.

Ricegrowers (ASX:SGLLV)

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

Overview: Ricegrowers Limited is a rice food company with operations spanning Australia, New Zealand, the Pacific Islands, the Middle East, and the United States, and has a market cap of A$713.89 million.

Operations: Ricegrowers Limited generates revenue through its various segments, including Riviana (A$228.15 million), Cop Rice (A$249.32 million), Rice Food (A$127.76 million), Rice Pool (A$477.65 million), Corporate Segment (A$41.03 million), and International Rice (A$892 million).

Dividend Yield: 5%

Ricegrowers trades at a significant discount to its estimated fair value, offering potential for capital appreciation. However, its dividend yield of 5% falls short compared to the top quartile in Australia. While dividends are covered by earnings and cash flows with payout ratios of 56.3% and 41%, respectively, their reliability is undermined by past volatility and lack of consistent growth over the last decade, raising concerns about long-term stability.

• Take a closer look at Ricegrowers' potential here in our dividend report.
• The valuation report we've compiled suggests that Ricegrowers' current price could be quite moderate.

Taking Advantage

• Gain an insight into the universe of 28 Top ASX Dividend Stocks by clicking here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
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Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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