3 ASX Dividend Stocks To Consider With Up To 8.3% Yield

Amidst geopolitical tensions impacting energy prices and a fluctuating commodities market, the Australian Stock Exchange (ASX) has experienced mixed performances across various sectors. In such an environment, dividend stocks can offer stability and income potential, making them an appealing option for investors seeking steady returns despite market volatility.

Top 10 Dividend Stocks In Australia

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

We're going to check out a few of the best picks from our screener tool.

Kina Securities (ASX:KSL)

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

Overview: Kina Securities Limited operates in Papua New Guinea, offering commercial banking, financial services, fund administration, investment management, and share brokerage, with a market cap of A$356.66 million.

Operations: Kina Securities Limited generates revenue through its Wealth Management segment, contributing PGK 47.36 million, and its Banking & Finance (Including Corporate) segment, which brings in PGK 421.46 million.

Dividend Yield: 7.9%

Kina Securities offers a high dividend yield of 7.94%, placing it in the top quartile among Australian dividend payers, yet its track record is unstable with volatility over nine years. Despite this, dividends are currently covered by earnings with a payout ratio of 74.8%, and expected to remain sustainable at 68.5% in three years. Trading at a low P/E ratio of 9.5x compared to the market average, Kina presents good relative value despite concerns over high bad loans at 11.1%.

• Unlock comprehensive insights into our analysis of Kina Securities stock in this dividend report.
• Our expertly prepared valuation report Kina Securities implies its share price may be lower than expected.

Ridley (ASX:RIC)

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

Overview: Ridley Corporation Limited, with a market cap of A$1.06 billion, provides animal nutrition solutions in Australia through its subsidiaries.

Operations: Ridley Corporation Limited generates revenue through its Bulk Stockfeeds segment, which accounts for A$894.26 million, and its Packaged/Ingredients segment, contributing A$389.70 million.

Dividend Yield: 3.3%

Ridley Corporation's dividend yield is modest at 3.3%, below the top quartile of Australian dividend payers. While dividends have grown over the past decade, they remain volatile with drops exceeding 20% annually. The payout ratio of 75% indicates earnings coverage, and a cash payout ratio of 40.8% suggests strong cash flow support. Recent equity and fixed-income offerings totaling A$175 million may impact future dividend stability due to shareholder dilution concerns.

• Navigate through the intricacies of Ridley with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that Ridley is priced lower than what may be justified by its financials.

Super Retail Group (ASX:SUL)

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

Overview: Super Retail Group Limited operates as a retailer of auto, sports, and outdoor leisure products in Australia and New Zealand with a market cap of A$3.22 billion.

Operations: Super Retail Group Limited generates revenue through its segments: Rebel with A$1.32 billion, Macpac at A$215.80 million, Super Cheap Auto (SCA) contributing A$1.51 billion, and Boating, Camping and Fishing (BCF) at A$912.60 million.

Dividend Yield: 8.3%

Super Retail Group's dividend yield of 8.33% ranks in the top 25% of Australian dividend payers, supported by a payout ratio of 68.8%, indicating coverage by earnings and cash flows. Despite this, dividends have been volatile over the past decade with significant drops. Trading at a price-to-earnings ratio of 14.2x, below the market average, it offers good value relative to peers. Recent sales growth reported at 4.5% may influence future performance positively.

• Take a closer look at Super Retail Group's potential here in our dividend report.
• According our valuation report, there's an indication that Super Retail Group's share price might be on the cheaper side.

Where To Now?

• Click here to access our complete index of 28 Top ASX Dividend Stocks.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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.

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