ASX Dividend Stocks Featuring Korvest And Two Other Top Picks

The Australian market has shown resilience, with the index climbing back over 8,800 points amid positive sentiment from tech investors and robust consumer spending data. In this context of fluctuating sector performances, dividend stocks like Korvest offer potential stability and income, making them an attractive option for investors seeking reliable returns in a dynamic environment.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Sugar Terminals (NSX:SUG)	7.92%	★★★★★☆
Steadfast Group (ASX:SDF)	3.17%	★★★★★☆
Smartgroup (ASX:SIQ)	5.56%	★★★★★☆
New Hope (ASX:NHC)	9.23%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.83%	★★★★★☆
Lindsay Australia (ASX:LAU)	5.67%	★★★★★☆
Kina Securities (ASX:KSL)	7.39%	★★★★★☆
Joyce (ASX:JYC)	5.24%	★★★★☆☆
Fiducian Group (ASX:FID)	3.94%	★★★★★☆
EQT Holdings (ASX:EQT)	4.05%	★★★★★☆

Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Korvest (ASX:KOV)

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

Overview: Korvest Ltd manufactures and supplies cable and pipe support systems, fastening solutions, and galvanising services in Australia, with a market cap of A$154.22 million.

Operations: Korvest Ltd generates its revenue primarily from Industrial Products, accounting for A$108.99 million, and Production, contributing A$10.58 million.

Dividend Yield: 5%

Korvest's dividend yield of 4.98% is below the top quartile in Australia, but dividends are covered by earnings and cash flows with payout ratios of 58% and 51.3%, respectively. Despite past volatility, recent affirmations include a final dividend of A$0.40 and a special dividend of A$0.10, both payable on September 5, 2025. Earnings grew significantly last year with net income reaching A$13.16 million from sales of A$119.57 million, supporting its dividend strategy amidst ongoing business expansions at Kilburn site funded through operating cash flows and short-term debt facilities.

• Delve into the full analysis dividend report here for a deeper understanding of Korvest.
• Our valuation report here indicates Korvest may be overvalued.

QBE Insurance Group (ASX:QBE)

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

Overview: QBE Insurance Group Limited underwrites general insurance and reinsurance risks across the Australia Pacific, North America, and international markets, with a market cap of A$32.50 billion.

Operations: QBE Insurance Group Limited generates revenue from its operations in three main regions: $10.08 billion from International, $7.76 billion from North America, and $5.83 billion from Australia Pacific.

Dividend Yield: 3.7%

QBE Insurance Group's dividend yield of 3.7% lags behind Australia's top quartile, yet its dividends are well-covered by earnings and cash flows with payout ratios of 44.9% and 26.3%, respectively. Despite a history of volatility, recent increases in dividend payments reflect a positive trend alongside strong earnings growth, with net income rising to US$1.02 billion for the half-year ending June 2025. However, executive changes may introduce some uncertainty moving forward.

• Take a closer look at QBE Insurance Group's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that QBE Insurance Group is trading behind its estimated value.

Sugar Terminals (NSX:SUG)

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

Overview: Sugar Terminals Limited offers storage and handling solutions for bulk sugar and other commodities in Australia, with a market cap of A$372.60 million.

Operations: Sugar Terminals Limited generates revenue primarily from the sugar industry, amounting to A$115.01 million.

Dividend Yield: 7.9%

Sugar Terminals Limited's dividend yield of 7.92% ranks in the top quartile of Australian dividend payers, yet it faces challenges with coverage, as earnings and cash flows do not fully support payments given a high payout ratio of 91.4%. Despite this, dividends have been stable and growing over the past decade. Recent agreements with customers introduce cost reductions that may impact future returns positively, but share illiquidity remains a concern for investors seeking stability.

• Dive into the specifics of Sugar Terminals here with our thorough dividend report.
• The valuation report we've compiled suggests that Sugar Terminals' current price could be quite moderate.

Next Steps

• Click here to access our complete index of 31 Top ASX Dividend Stocks.
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Seeking Other Investments?

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• 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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