3 ASX Dividend Stocks Yielding Up To 6.2%

The Australian market has seen a positive trend, with a 1.2% increase over the last week and a 9.8% climb in the past year. In light of expected earnings growth of 13% per annum over the next few years, selecting dividend stocks that offer solid yields can be a strategic move for investors looking to capitalize on this upward momentum.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Lindsay Australia (ASX:LAU)	6.52%	★★★★★☆
Collins Foods (ASX:CKF)	3.09%	★★★★★☆
Auswide Bank (ASX:ABA)	9.66%	★★★★★☆
Eagers Automotive (ASX:APE)	6.97%	★★★★★☆
Centuria Capital Group (ASX:CNI)	6.82%	★★★★★☆
Nick Scali (ASX:NCK)	4.46%	★★★★★☆
Fiducian Group (ASX:FID)	4.08%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.54%	★★★★★☆
Charter Hall Group (ASX:CHC)	3.51%	★★★★★☆
Premier Investments (ASX:PMV)	4.10%	★★★★★☆

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

Let's take a closer look at a couple of our picks from the screened companies.

Charter Hall Group (ASX:CHC)

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

Overview: Charter Hall Group (ASX:CHC) is a leading Australian fully integrated property investment and funds management company with a market cap of A$5.96 billion.

Operations: Charter Hall Group's revenue segments include A$515.60 million from Funds Management, A$142.20 million from Property Investments, and a negative A$58.80 million from Development Investments, adjusted by A$19 million.

Dividend Yield: 3.5%

Charter Hall Group has consistently grown its dividends over the past decade with minimal volatility, ensuring reliability for income-focused investors. The company's dividend payments are well-covered by both earnings (43.8% payout ratio) and free cash flows (45.3% cash payout ratio). Despite a lower-than-average yield of 3.51%, CHC's dividends remain sustainable and stable. Recent ex-dividend dates in June 2024 reflect ongoing commitment to shareholder returns, with payouts of A$0.023 and A$0.207 per share respectively.

• Click here to discover the nuances of Charter Hall Group with our detailed analytical dividend report.
• In light of our recent valuation report, it seems possible that Charter Hall Group is trading beyond its estimated value.

Ricegrowers (ASX:SGLLV)

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

Overview: Ricegrowers Limited (ASX:SGLLV) is a rice food company with operations spanning Australia, New Zealand, the Pacific Islands, the Middle East, the United States, and other international markets, boasting a market cap of approximately A$571.64 million.

Operations: Ricegrowers Limited generates revenue from several segments, including Riviana (A$222.01 million), Cop Rice (A$252.75 million), Rice Food (A$121.03 million), Rice Pool (A$498.11 million), Corporate Segment (A$45.79 million), and International Rice (A$894.03 million).

Dividend Yield: 6.2%

Ricegrowers Limited has demonstrated a solid dividend track record over the past nine years, though payments have been somewhat volatile. The company's dividends are well-covered by both earnings (56.4% payout ratio) and free cash flows (44% cash payout ratio). Recent financial results show significant growth, with sales reaching A$1.87 billion and net income at A$63.14 million for FY2024. Additionally, Ricegrowers is actively seeking strategic acquisitions to bolster its growth trajectory.

• Dive into the specifics of Ricegrowers here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Ricegrowers is trading behind its estimated value.

Super Retail Group (ASX:SUL)

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

Overview: Super Retail Group Limited operates retail stores specializing in auto, sports, and outdoor leisure products across Australia and New Zealand, with a market cap of A$3.62 billion.

Operations: Super Retail Group Limited generates revenue through its Rebel segment (A$1.30 billion), Macpac segment (A$220.60 million), Super Cheap Auto segment (A$1.48 billion), and Boating, Camping and Fishing segment (A$876 million).

Dividend Yield: 4.7%

Super Retail Group's dividend payments are covered by earnings (65.5% payout ratio) and cash flows (28.6% cash payout ratio), but the dividend yield of 4.74% is lower than the top 25% of Australian market payers. Despite a volatile dividend track record over the past decade, Super Retail Group has managed to increase its dividends during this period. The stock trades at a favorable price-to-earnings ratio of 13.8x compared to the broader market's 19.6x, indicating good relative value.

• Navigate through the intricacies of Super Retail Group with our comprehensive dividend report here.
• Our valuation report here indicates Super Retail Group may be undervalued.

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Interested In Other Possibilities?

• 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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