ASX Dividend Stocks To Watch In September 2025

As the Australian market takes a breather after a record-breaking year, investors are closely watching how September and October will unfold, particularly given the typical trend of increased selling during these months. Amidst this cautious atmosphere, dividend stocks remain an attractive option for those seeking steady income streams, especially in sectors like Staples and Utilities that have shown resilience.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Sugar Terminals (NSX:SUG)	8.04%	★★★★★☆
Steadfast Group (ASX:SDF)	3.13%	★★★★★☆
Smartgroup (ASX:SIQ)	5.56%	★★★★★☆
New Hope (ASX:NHC)	9.07%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.80%	★★★★★☆
Lindsay Australia (ASX:LAU)	5.59%	★★★★★☆
Kina Securities (ASX:KSL)	7.52%	★★★★★☆
Fiducian Group (ASX:FID)	3.80%	★★★★★☆
EQT Holdings (ASX:EQT)	3.84%	★★★★★☆
Dicker Data (ASX:DDR)	4.62%	★★★★☆☆

Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Fleetwood (ASX:FWD)

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

Overview: Fleetwood Limited, with a market cap of A$283.47 million, operates in Australia and New Zealand by designing, manufacturing, selling, and installing modular accommodation and buildings.

Operations: Fleetwood Limited's revenue segments include Building Solutions at A$356.21 million, RV Solutions at A$70.61 million, and Community Solutions at A$76.87 million.

Dividend Yield: 8.8%

Fleetwood's dividend profile is mixed, with a high yield of 8.79% placing it in the top quartile of Australian dividend payers. However, its dividends have been volatile and unreliable over the past decade, with a high payout ratio of 160.9% indicating they are not well covered by earnings. Recent financial results show significant growth in net income to A$14.56 million for FY2025, supporting a dividend increase to A$0.135 per share for the period ending June 30, 2025.

• Click here to discover the nuances of Fleetwood with our detailed analytical dividend report.
• The analysis detailed in our Fleetwood valuation report hints at an deflated share price compared to its estimated value.

Joyce (ASX:JYC)

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

Overview: Joyce Corporation Ltd (ASX:JYC) is an Australian company that specializes in retailing kitchen and wardrobe products, with a market cap of A$153.76 million.

Operations: Joyce Corporation Ltd generates revenue through its Retail Bedding - Franchise Operation (A$6.10 million), Retail Bedding Stores - Company-owned (A$21.11 million), and Retail Kitchen and Wardrobe Showrooms (A$120.39 million).

Dividend Yield: 5.3%

Joyce Corporation's dividend profile shows potential value, trading 71% below its estimated fair value. Despite a payout ratio of 88.5%, dividends are covered by earnings and well-supported by cash flows with a cash payout ratio of 33.4%. However, the reliability is questionable due to volatility over the past decade, and its yield of 5.29% falls short of top-tier Australian payers. Recent earnings reveal a decline in net income to A$7.35 million for FY2025, impacting overall stability.

• Unlock comprehensive insights into our analysis of Joyce stock in this dividend report.
• In light of our recent valuation report, it seems possible that Joyce is trading behind its estimated value.

Steadfast Group (ASX:SDF)

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

Overview: Steadfast Group Limited operates as a general insurance brokerage service provider in Australasia, Asia, and Europe with a market cap of A$6.86 billion.

Operations: Steadfast Group Limited generates revenue primarily from its Insurance Intermediary segment, which accounts for A$1.68 billion, and its Premium Funding segment, contributing A$123.50 million.

Dividend Yield: 3.1%

Steadfast Group's dividend yield of 3.14% may not be among the highest in Australia, but it is reliable and has shown consistent growth over the past decade. The company's dividends are well-covered by both earnings and cash flows, with payout ratios of 64.2% and 43.9%, respectively. Despite a high level of debt, recent earnings growth to A$334.9 million indicates financial health, though large one-off items have impacted results recently.

• Get an in-depth perspective on Steadfast Group's performance by reading our dividend report here.
• Our expertly prepared valuation report Steadfast Group implies its share price may be too high.

Seize The Opportunity

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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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