3 ASX Dividend Stocks Yielding Up To 6.3%

The Australian market has experienced a subdued start to the week, with most sectors in the red except for staples and energy, reflecting a cautious investor sentiment amid global and local economic developments. In such an environment, dividend stocks can offer appealing opportunities for income-seeking investors by providing regular returns even during periods of market volatility.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Sugar Terminals (NSX:SUG)	8.08%	★★★★★☆
Ricegrowers (ASX:SGLLV)	4.11%	★★★★☆☆
New Hope (ASX:NHC)	9.30%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.81%	★★★★★☆
Lindsay Australia (ASX:LAU)	5.67%	★★★★★☆
Kina Securities (ASX:KSL)	7.31%	★★★★★☆
IVE Group (ASX:IGL)	6.50%	★★★★☆☆
GWA Group (ASX:GWA)	6.38%	★★★★☆☆
Fiducian Group (ASX:FID)	3.81%	★★★★★☆
EQT Holdings (ASX:EQT)	3.88%	★★★★★☆

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

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

G8 Education (ASX:GEM)

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

Overview: G8 Education Limited operates early childhood education and care services in Australia, with a market cap of A$667.40 million.

Operations: G8 Education Limited generates revenue through its provision of early childhood education and care services in Australia.

Dividend Yield: 6.4%

G8 Education's dividend yield of 6.36% places it among the top 25% in Australia, though its dividend history has been volatile over the past decade. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios of 62.2% and 28%, respectively. The recent share buyback program could enhance shareholder value. However, revenue dipped slightly to A$465.42 million for H1 2025 from A$483.34 million a year ago, while net income rose to A$22.51 million.

• Click here and access our complete dividend analysis report to understand the dynamics of G8 Education.
• Our valuation report unveils the possibility G8 Education's shares may be trading at a discount.

GWA Group (ASX:GWA)

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

Overview: GWA Group Limited is involved in the research, design, manufacture, importation, and marketing of building fixtures and fittings for residential and commercial properties across Australia, New Zealand, the United Kingdom, and internationally with a market cap of A$644.45 million.

Operations: GWA Group's revenue primarily comes from its Water Solutions segment, which generated A$418.48 million.

Dividend Yield: 6.4%

GWA Group's dividend yield of 6.38% ranks it in the top 25% of Australian payers, yet its history shows volatility and unreliability over the last decade. While dividends are covered by cash flows with a payout ratio of 62%, they are not well-covered by earnings, indicated by a high payout ratio of 94.8%. A recent A$30 million share buyback program aims to improve capital management, potentially benefiting shareholders despite past dividend inconsistencies.

• Unlock comprehensive insights into our analysis of GWA Group stock in this dividend report.
• Our comprehensive valuation report raises the possibility that GWA Group is priced lower than what may be justified by its financials.

SHAPE Australia (ASX:SHA)

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

Overview: SHAPE Australia Corporation Limited, listed under ticker ASX:SHA, operates in the construction, fitout, and refurbishment of commercial properties in Australia with a market cap of A$344.20 million.

Operations: SHAPE Australia's revenue primarily comes from its heavy construction segment, amounting to A$956.87 million.

Dividend Yield: 5.7%

SHAPE Australia's dividend yield of 5.74% places it among the top 25% of Australian payers, with dividends covered by earnings and cash flows at payout ratios of 86.2% and 38.6%, respectively. However, its short four-year dividend history shows volatility, raising concerns about reliability. Recent earnings growth supports potential stability, while strategic board changes and M&A pursuits may influence future performance, following a recent A$0.13 per share dividend announcement for the half-year ended June 2025.

• Delve into the full analysis dividend report here for a deeper understanding of SHAPE Australia.
• In light of our recent valuation report, it seems possible that SHAPE Australia is trading behind its estimated value.

Next Steps

• Gain an insight into the universe of 28 Top ASX Dividend Stocks by clicking here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Join a community of smart investors by using Simply Wall St. It's free and delivers expert-level analysis on worldwide markets.

Want To Explore Some Alternatives?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com