Accent Group And Two More ASX Dividend Stocks To Enhance Your Portfolio

In the past year, the Australian market has demonstrated resilience with an 8.6% increase, despite a recent 1.2% dip over the last seven days. In this context, dividend stocks like Accent Group can offer investors potential stability and income growth opportunities, especially with earnings forecasted to grow by 13% annually.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Collins Foods (ASX:CKF)	3.09%	★★★★★☆
Fortescue (ASX:FMG)	9.48%	★★★★★☆
Centuria Capital Group (ASX:CNI)	6.84%	★★★★★☆
Nick Scali (ASX:NCK)	4.73%	★★★★★☆
Fiducian Group (ASX:FID)	4.04%	★★★★★☆
Eagers Automotive (ASX:APE)	7.01%	★★★★★☆
Charter Hall Group (ASX:CHC)	3.55%	★★★★★☆
Premier Investments (ASX:PMV)	4.34%	★★★★★☆
Diversified United Investment (ASX:DUI)	3.09%	★★★★★☆
New Hope (ASX:NHC)	9.21%	★★★★☆☆

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

Here's a peek at a few of the choices from the screener.

Accent Group (ASX:AX1)

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

Overview: Accent Group Limited, operating in Australia and New Zealand, specializes in retailing, distributing, and franchising lifestyle footwear, along with apparel and accessories, boasting a market capitalization of approximately A$1.22 billion.

Operations: Accent Group Limited generates A$1.40 billion in revenue primarily through its multi-channel retail operations focused on performance and lifestyle footwear.

Dividend Yield: 6.5%

Accent Group Limited, despite a dividend yield of 6.45%, faces challenges with sustainability and reliability in its dividend distribution. The company's dividends are not well supported by earnings, as evidenced by a high payout ratio of 107.2%. However, cash flow coverage is more favorable with a cash payout ratio at 39%. Recent executive changes, including appointing James Anderson as CIO effective June 18, signal potential strategic shifts in technology and data management that could impact future performance.

• Navigate through the intricacies of Accent Group with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Accent Group's current price could be quite moderate.

Fiducian Group (ASX:FID)

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

Overview: Fiducian Group Ltd operates in Australia, offering financial services through its subsidiaries, with a market capitalization of approximately A$236.08 million.

Operations: Fiducian Group Ltd generates revenue through four primary segments: Funds Management (A$20.49 million), Corporate Services (A$12.06 million), Financial Planning (A$28.95 million), and Platform Administration (A$15.38 million).

Dividend Yield: 4%

Fiducian Group offers a modest dividend yield of 4.04%, which is lower than the top quartile of Australian dividend stocks. Despite this, dividends are well-supported by both earnings and cash flows, with payout ratios of 83.7% and 60.5% respectively. Over the past decade, FID has demonstrated reliability in its dividend payments, showing growth and stability without significant fluctuations. Additionally, earnings have increased by 12% over the last year, contributing to the sustainability of future dividends.

• Click to explore a detailed breakdown of our findings in Fiducian Group's dividend report.
• According our valuation report, there's an indication that Fiducian Group's share price might be on the cheaper side.

Lindsay Australia (ASX:LAU)

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

Overview: Lindsay Australia Limited operates in Australia, offering integrated transport, logistics, and rural supply services primarily to sectors like food processing and horticulture, with a market capitalization of approximately A$303.05 million.

Operations: Lindsay Australia Limited generates revenue primarily through its rural supply and transport services, amounting to A$158.73 million and A$571.38 million respectively.

Dividend Yield: 6.2%

Lindsay Australia's dividend sustainability is under scrutiny with a history of volatility, having experienced significant annual drops. Despite this, its dividends are reasonably covered by both earnings and cash flows, with payout ratios at 43.7% and 38.9% respectively. The current dividend yield stands at 6.19%, slightly below the top quartile in the Australian market. Earnings growth projections are modest at 9% annually, following a substantial increase of 50.3% over the previous year.

• Click here and access our complete dividend analysis report to understand the dynamics of Lindsay Australia.
• Our valuation report here indicates Lindsay Australia may be undervalued.

Next Steps

• Access the full spectrum of 28 Top ASX Dividend Stocks by clicking on this link.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Curious About Other Options?

• 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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