ASX Dividend Stocks To Consider In November 2024

As the ASX200 experiences a slight pullback from record highs, with sectors like Industrials and Energy facing declines, investors are increasingly turning their attention to haven assets such as gold amid heightened geopolitical tensions. In this fluctuating market environment, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those navigating the current economic landscape.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Perenti (ASX:PRN)	6.64%	★★★★★☆
Nick Scali (ASX:NCK)	4.69%	★★★★★☆
Super Retail Group (ASX:SUL)	8.12%	★★★★★☆
Collins Foods (ASX:CKF)	3.30%	★★★★★☆
Fiducian Group (ASX:FID)	4.34%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.31%	★★★★★☆
National Storage REIT (ASX:NSR)	4.40%	★★★★★☆
Premier Investments (ASX:PMV)	4.05%	★★★★★☆
Sugar Terminals (NSX:SUG)	7.42%	★★★★☆☆
Australian United Investment (ASX:AUI)	3.41%	★★★★☆☆

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

We'll examine a selection from our screener results.

Australian United Investment (ASX:AUI)

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

Overview: Australian United Investment Company Limited is a publicly owned investment manager with a market cap of A$1.35 billion.

Operations: Australian United Investment Company Limited generates its revenue primarily from investments, totaling A$57.76 million.

Dividend Yield: 3.4%

Australian United Investment has maintained stable and growing dividends over the past decade, demonstrating reliability. However, its dividend yield of 3.41% is lower than the top quartile in Australia. The high payout ratio of 95% indicates dividends are not well covered by earnings, though they are supported by cash flows with an 89.7% cash payout ratio. Recent discussions at the Annual General Meeting did not highlight significant changes affecting dividend sustainability.

• Dive into the specifics of Australian United Investment here with our thorough dividend report.
• The valuation report we've compiled suggests that Australian United Investment's current price could be inflated.

Fiducian Group (ASX:FID)

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

Overview: Fiducian Group Ltd, with a market cap of A$284.87 million, operates through its subsidiaries to provide financial services in Australia.

Operations: Fiducian Group Ltd generates revenue through its various segments, including Funds Management (A$22.08 million), Corporate Services (A$15.06 million), Financial Planning (A$27.69 million), and Platform Administration (A$15.97 million).

Dividend Yield: 4.3%

Fiducian Group offers a reliable dividend yield of 4.34%, though it falls short compared to the top quartile in Australia. The company has consistently grown its dividends over the past decade, supported by stable earnings and cash flows. With a payout ratio of 82.3%, dividends are sustainably covered by earnings and cash flow, maintaining stability without substantial insider selling recently reported. Earnings growth of 22.1% last year further supports dividend sustainability amidst recent AGM discussions.

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

Premier Investments (ASX:PMV)

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

Overview: Premier Investments Limited is a specialty retail company operating fashion chains across Australia, New Zealand, Asia, and Europe with a market cap of A$5.52 billion.

Operations: Premier Investments Limited generates revenue primarily from its retail segment, amounting to A$1.61 billion, and its investment segment, contributing A$208.53 million.

Dividend Yield: 4.1%

Premier Investments has maintained stable and growing dividends over the past decade, supported by a payout ratio of 82.2%, ensuring coverage by earnings. Recent earnings showed a slight decline, with revenue at A$1.62 billion and net income at A$257.92 million for fiscal year 2024. Despite these challenges, the company announced an ordinary dividend increase to A$0.70 per share for the six months ending July 2024, reflecting ongoing commitment to shareholder returns amidst potential M&A activities with Myer Holdings Limited.

• Click to explore a detailed breakdown of our findings in Premier Investments' dividend report.
• Our comprehensive valuation report raises the possibility that Premier Investments is priced higher than what may be justified by its financials.

Taking Advantage

• Click here to access our complete index of 32 Top ASX Dividend Stocks.
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Looking For Alternative Opportunities?

• 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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