3 ASX Dividend Stocks Offering Up To 4.1% Yield

The Australian stock market has experienced a mix of highs and lows recently, with the ASX200 showing a 1.5% increase over the last month despite some setbacks in sectors like healthcare. In this fluctuating environment, dividend stocks can offer investors potential stability and income, making them an attractive option for those looking to navigate current market conditions.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Yancoal Australia (ASX:YAL)	8.36%	★★★★☆☆
Super Retail Group (ASX:SUL)	7.29%	★★★★★☆
Sugar Terminals (NSX:SUG)	8.08%	★★★★★☆
New Hope (ASX:NHC)	9.32%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.87%	★★★★★☆
Lycopodium (ASX:LYL)	6.30%	★★★★★☆
Lindsay Australia (ASX:LAU)	6.67%	★★★★★☆
IPH (ASX:IPH)	6.26%	★★★★★☆
Fiducian Group (ASX:FID)	3.53%	★★★★★☆
Accent Group (ASX:AX1)	6.37%	★★★★★☆

Click here to see the full list of 27 stocks from our Top ASX Dividend Stocks screener.

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

Fiducian Group (ASX:FID)

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

Overview: Fiducian Group Ltd, with a market cap of A$391.75 million, operates through its subsidiaries to offer financial services in Australia.

Operations: Fiducian Group Ltd generates revenue from several segments, including Funds Management (A$24.34 million), Corporate Services (A$16.38 million), Financial Planning (A$28.93 million), and Platform Administration (A$16.49 million).

Dividend Yield: 3.5%

Fiducian Group offers a stable dividend profile, with dividends consistently covered by earnings (payout ratio: 80.4%) and cash flows (cash payout ratio: 67.8%). Over the past decade, dividends have grown steadily without volatility. Although its yield of 3.53% is below the top quartile in Australia, it remains reliable and recently announced a fully franked dividend of A$0.247 per share for the six months ending June 2025, reflecting ongoing commitment to shareholder returns.

• Dive into the specifics of Fiducian Group here with our thorough dividend report.
• The analysis detailed in our Fiducian Group valuation report hints at an inflated share price compared to its estimated value.

Medibank Private (ASX:MPL)

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

Overview: Medibank Private Limited offers private health insurance and health services in Australia, with a market cap of A$14.27 billion.

Operations: Medibank Private Limited's revenue is primarily derived from its Health Insurance segment, which generated A$8.06 billion, and Medibank Health services, contributing A$447.10 million.

Dividend Yield: 3.2%

Medibank Private's dividend yield of 3.2% is below the Australian top quartile, and its high payout ratio of 96.7% indicates dividends are not well covered by earnings. However, cash flows cover the dividends with an 82.6% cash payout ratio. Over the past decade, Medibank has maintained stable and growing dividend payments without volatility, despite earnings growth being modest at 4.9% annually over five years and trading at a discount to estimated fair value.

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

Servcorp (ASX:SRV)

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

Overview: Servcorp Limited offers executive serviced and virtual offices, coworking, IT, communications, and secretarial services across various regions including Australia, New Zealand, Southeast Asia, the United States, Europe, the Middle East and North Asia with a market cap of A$673.93 million.

Operations: Servcorp Limited generates its revenue primarily from real estate rental, amounting to A$349.86 million.

Dividend Yield: 4.1%

Servcorp's dividend payments have grown over the past decade, supported by a low cash payout ratio of 14.6%, ensuring strong coverage by cash flows. While earnings grew significantly last year, dividends have been volatile and unreliable historically. The current yield is 4.12%, below Australia's top quartile, yet dividends are well-covered with a reasonable payout ratio of 52%. Recent announcements indicate an increase in dividends for the upcoming financial year, reflecting improved earnings performance.

• Click to explore a detailed breakdown of our findings in Servcorp's dividend report.
• Upon reviewing our latest valuation report, Servcorp's share price might be too pessimistic.

Next Steps

• Click here to access our complete index of 27 Top ASX Dividend Stocks.
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Looking For Alternative Opportunities?

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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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