Fiducian Group And 2 Other Top ASX Dividend Stocks

The ASX200 recently broke its winning streak, closing slightly down by 0.04% at 8,024 points, with sectors like Telecommunication and Health Care showing modest gains while Utilities and Energy saw declines. In this fluctuating market environment, dividend stocks can offer a stable income stream and potential for long-term growth. Understanding what makes a good dividend stock is crucial in such conditions; factors like consistent earnings, robust business models, and reliable payout ratios are key indicators of strong performance.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Collins Foods (ASX:CKF)	3.69%	★★★★★☆
Nick Scali (ASX:NCK)	4.25%	★★★★★☆
Auswide Bank (ASX:ABA)	10.00%	★★★★★☆
Fiducian Group (ASX:FID)	4.55%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.66%	★★★★★☆
National Storage REIT (ASX:NSR)	4.62%	★★★★★☆
Premier Investments (ASX:PMV)	3.87%	★★★★★☆
GrainCorp (ASX:GNC)	6.28%	★★★★★☆
New Hope (ASX:NHC)	9.03%	★★★★☆☆
Macquarie Group (ASX:MQG)	3.03%	★★★★☆☆

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

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

Fiducian Group (ASX:FID)

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

Overview: Fiducian Group Ltd, with a market cap of A$271.65 million, operates through its subsidiaries to provide financial services in Australia.

Operations: Fiducian Group Ltd generates revenue from four main segments: Funds Management (A$22.08 million), Corporate Services (A$15.06 million), Financial Planning (A$27.69 million), and Platform Administration (A$15.97 million).

Dividend Yield: 4.6%

Fiducian Group recently announced an ordinary fully franked dividend of A$0.211 per share for the six months ended June 30, 2024, with payment on September 12, 2024. The company reported annual sales of A$79.3 million and net income of A$15.04 million, reflecting growth from the previous year. With a payout ratio of 82.3% and a cash payout ratio of 63.8%, Fiducian's dividends are well-covered by earnings and cash flows, offering reliability with stable payments over the past decade despite yielding lower than top-tier Australian dividend payers at 4.55%.

• Navigate through the intricacies of Fiducian Group with our comprehensive dividend report here.
• The analysis detailed in our Fiducian Group valuation report hints at an deflated share price compared to its estimated value.

Harvey Norman Holdings (ASX:HVN)

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

Overview: Harvey Norman Holdings Limited operates in the integrated retail, franchise, property, and digital systems sectors with a market cap of A$6.22 billion.

Operations: Harvey Norman Holdings Limited generates revenue from various segments, including A$982.46 million from Retail - New Zealand, A$204.83 million from Retail - Slovenia & Croatia, A$691.09 million from Retail - Singapore & Malaysia, A$237.17 million from Non-Franchised Retail, and A$676.83 million from Retail ­ Ireland & Northern Ireland.

Dividend Yield: 4%

Harvey Norman Holdings' dividend payments are well-covered by earnings (payout ratio: 73.4%) and cash flows (cash payout ratio: 39.2%). Despite a decade of increased dividends, the company has an unstable track record with volatile payments. While trading at 34.9% below its estimated fair value, HVN's current dividend yield of 4.01% is lower than the top quartile in Australia (6.22%). Earnings are forecast to grow annually by 7.6%.

• Delve into the full analysis dividend report here for a deeper understanding of Harvey Norman Holdings.
• According our valuation report, there's an indication that Harvey Norman Holdings' share price might be on the cheaper side.

Lindsay Australia (ASX:LAU)

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

Overview: Lindsay Australia Limited (ASX:LAU) offers integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia with a market cap of A$293.68 million.

Operations: Lindsay Australia Limited generates revenue from providing transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture industries in Australia.

Dividend Yield: 5.2%

Lindsay Australia's dividend yield (5.21%) is lower than the top 25% of Australian dividend payers. Despite a decade of increased dividends, payments have been volatile and unreliable. The payout ratio is very low at 2%, indicating strong coverage by earnings and cash flows (18.6%). Recent earnings showed a decline in net income to A$27.27 million from A$34.52 million last year, with a decreased ordinary fully franked dividend to A$0.028 per security for H2 2024.

• Take a closer look at Lindsay Australia's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that Lindsay Australia is priced lower than what may be justified by its financials.

Summing It All Up

• Click through to start exploring the rest of the 30 Top ASX Dividend Stocks now.
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Searching for a Fresh Perspective?

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• 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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