ASX Dividend Stocks You Should Know About

Over the last 7 days, the Australian market has risen 2.5%, and it's up 11% over the last 12 months, with earnings forecast to grow by 13% annually. In this promising environment, identifying solid dividend stocks can be a key strategy for investors seeking steady income and potential growth.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Lindsay Australia (ASX:LAU)	6.59%	★★★★★☆
Collins Foods (ASX:CKF)	3.14%	★★★★★☆
Nick Scali (ASX:NCK)	4.40%	★★★★★☆
Centuria Capital Group (ASX:CNI)	7.16%	★★★★★☆
Eagers Automotive (ASX:APE)	7.01%	★★★★★☆
Fiducian Group (ASX:FID)	3.52%	★★★★★☆
Bapcor (ASX:BAP)	4.23%	★★★★★☆
Charter Hall Group (ASX:CHC)	3.53%	★★★★★☆
GrainCorp (ASX:GNC)	6.16%	★★★★★☆
Premier Investments (ASX:PMV)	4.08%	★★★★★☆

Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.

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

Auswide Bank (ASX:ABA)

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

Overview: Auswide Bank Ltd provides a range of personal and business banking products and services in Australia, with a market cap of A$202.84 million.

Operations: Auswide Bank Ltd generates its revenue primarily from retail banking, which amounted to A$92.13 million.

Dividend Yield: 9.9%

Auswide Bank's dividend yield is among the top 25% in Australia at 9.89%, with dividends currently covered by earnings (78.9%) and forecasted to remain so in three years (76.6%). However, its dividend payments have been volatile over the past decade, showing inconsistency despite a general increase. Recent follow-on equity offerings totaling A$15 million may impact future payouts but also indicate efforts to strengthen capital reserves amidst potential M&A activities with MyState Limited.

• Get an in-depth perspective on Auswide Bank's performance by reading our dividend report here.
• Our valuation report unveils the possibility Auswide Bank's shares may be trading at a discount.

Capral (ASX:CAA)

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

Overview: Capral Limited manufactures, markets, and distributes fabricated and semi-fabricated aluminum products in Australia, with a market cap of A$155.43 million.

Operations: Capral Limited generates revenue primarily from its Aluminium Products segment, amounting to A$614.84 million.

Dividend Yield: 6.1%

Capral's dividend yield stands in the top 25% of Australian payers at 6.14%, with payments well-covered by earnings (31%) and cash flows (14.4%). Despite a recent increase, dividends have been volatile over its 7-year history, indicating some unreliability. Trading at 15.5% below estimated fair value, Capral offers good relative value compared to peers. However, earnings are forecasted to decline by an average of 6.5% annually over the next three years, raising concerns about future sustainability.

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

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$5.93 billion.

Operations: Charter Hall Group's revenue is derived from Funds Management (A$515.60 million), Property Investments (A$142.20 million), and Development Investments (A$-58.80 million).

Dividend Yield: 3.5%

Charter Hall Group offers a reliable and growing dividend, with payments increasing steadily over the past decade. The company's payout ratios—43.8% of earnings and 45.3% of cash flows—indicate sustainable dividend coverage. Despite a recent drop in profit margins from 42.9% to 11.7%, CHC remains undervalued, trading at 61.6% below estimated fair value. However, its current yield of 3.53% is lower than the top quartile of Australian dividend payers (6.11%).

• Click here and access our complete dividend analysis report to understand the dynamics of Charter Hall Group.
• Our expertly prepared valuation report Charter Hall Group implies its share price may be too high.

Turning Ideas Into Actions

• Navigate through the entire inventory of 33 Top ASX Dividend Stocks here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

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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