4 min read
As the ASX 200 hovers just above the 9,000-point mark, investors are cautiously navigating the market's recent highs amidst global economic events like the U.S.'s Jackson Hole meeting. In such an environment, dividend stocks can offer a measure of stability and income, making them an attractive consideration for those looking to balance potential market volatility with steady returns.
| Name | Dividend Yield | Dividend Rating |
| Sugar Terminals (NSX:SUG) | 8.08% | ★★★★★☆ |
| Ricegrowers (ASX:SGLLV) | 4.16% | ★★★★☆☆ |
| Northern Star Resources (ASX:NST) | 3.32% | ★★★★☆☆ |
| New Hope (ASX:NHC) | 9.40% | ★★★★★☆ |
| MFF Capital Investments (ASX:MFF) | 3.88% | ★★★★★☆ |
| Lindsay Australia (ASX:LAU) | 6.94% | ★★★★★☆ |
| Kina Securities (ASX:KSL) | 7.23% | ★★★★☆☆ |
| IVE Group (ASX:IGL) | 5.92% | ★★★★☆☆ |
| GWA Group (ASX:GWA) | 6.22% | ★★★★☆☆ |
| Fiducian Group (ASX:FID) | 3.84% | ★★★★★☆ |
Click here to see the full list of 27 stocks from our Top ASX Dividend Stocks screener.
We're going to check out a few of the best picks from our screener tool.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: GR Engineering Services Limited offers engineering, procurement, and construction services to the mining and mineral processing industries both in Australia and internationally, with a market cap of A$738.27 million.
Operations: GR Engineering Services Limited generates revenue from two main segments: A$96.61 million from Oil and Gas and A$412.30 million from Mineral Processing.
Dividend Yield: 4.5%
GR Engineering Services offers a mixed dividend profile. Its dividends are well-covered by both earnings, with a payout ratio of 86%, and cash flows, which have a cash payout ratio of 37.6%. Though dividends have grown over the past decade, they remain volatile and unreliable. The current yield of 4.54% is below the top quartile in Australia. Despite trading at a significant discount to estimated fair value, investors should consider its unstable dividend history carefully.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: JB Hi-Fi Limited is a retailer of home consumer products with a market capitalization of A$12.91 billion.
Operations: JB Hi-Fi Limited's revenue is segmented into E & S with A$225.20 million, The Good Guys (TGG) at A$2.87 billion, JB Hi-Fi Australia (JB Aust) contributing A$7.10 billion, and JB Hi-Fi New Zealand (JB NZ) at A$361.40 million.
