Exploring IGO And Two More Top Dividend Stocks In Australia

Simply Wall St.05-03

Amidst a cautiously optimistic backdrop in the Australian market, with the ASX200 poised for growth following positive global cues and key economic data on the horizon, investors are keenly watching ...

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In this environment, understanding what constitutes a strong dividend stock becomes crucial, especially considering current fluctuations in commodity prices and broader economic indicators.Click here to see the full list of 30 stocks from our Top Dividend Stocks screener.Operations: IGO Limited generates revenue primarily through its Nova Operation and Forrestania Operation, which collectively brought in A$903.40 million.Take a closer look at IGO's potential here in our dividend report.Overview: Nick Scali Limited operates in the sourcing and retailing of household furniture and related accessories across Australia and New Zealand, with a market capitalization of approximately A$1.18 billion.Nick Scali Limited, despite a challenging financial period with sales","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","FID.AU":"FIDUCIAN GROUP LTD","BK7046":"综合性资本市场","BK7095":"多种金属与采矿","LAU.AU":"LINDSAY AUSTRALIA LTD","BK7107":"家庭装饰零售","BK7504":"锂钴概念","DUI.AU":"DIVERSIFIED UNITED INVESTMNT","XAO.AU":"标普/澳交所 普通股指数","BK7506":"金矿股","XJO.AU":"标普/澳交所 200指数","FMG.AU":"FORTESCUE LTD","XKO.AU":"标普/澳交所 300指数","BK7163":"货物陆运","BK7021":"服装零售","NHC.AU":"NEW HOPE CORP LTD","IGO.AU":"IGO LTD","MQG.AU":"Macquarie","BK7062":"资产管理与托管银行","BK7125":"陆运","PMV.AU":"PREMIER INVESTMENTS LIMITED","CHC.AU":"CHARTER HALL GROUP","BK7511":"ESG概念","BK7087":"多样化房地产投资信托v","CNI.AU":"CENTURIA CAPITAL GROUP","BK7507":"资源股","NCK.AU":"NICK SCALI LTD","BK7083":"煤与消费用燃料"},"translate_title":"探索IGO和澳大利亚另外两只高股息股票","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CHC.AU":1,"XKO.AU":1,"XJO.AU":1,"XAO.AU":1,"PMV.AU":1,"NCK.AU":1,"MQG.AU":1,"LAU.AU":1,"IGO.AU":1,"FMG.AU":1,"FID.AU":1,"DUI.AU":1,"CNI.AU":1,"NHC.AU":0.9},"content_text":"Amidst a cautiously optimistic backdrop in the Australian market, with the ASX200 poised for growth following positive global cues and key economic data on the horizon, investors are keenly watching how different sectors respond. In this environment, understanding what constitutes a strong dividend stock becomes crucial, especially considering current fluctuations in commodity prices and broader economic indicators.\nTop 10 Dividend Stocks In Australia\n\n\n\nName\nDividend Yield\nDividend Rating\n\n\nLindsay Australia (ASX:LAU)\n6.45%\n★★★★★☆\n\n\nNick Scali (ASX:NCK)\n4.80%\n★★★★★☆\n\n\nFiducian Group (ASX:FID)\n3.86%\n★★★★★☆\n\n\nCenturia Capital Group (ASX:CNI)\n6.86%\n★★★★★☆\n\n\nCharter Hall Group (ASX:CHC)\n3.78%\n★★★★★☆\n\n\nPremier Investments (ASX:PMV)\n4.67%\n★★★★★☆\n\n\nFortescue (ASX:FMG)\n7.94%\n★★★★★☆\n\n\nDiversified United Investment (ASX:DUI)\n3.26%\n★★★★★☆\n\n\nNew Hope (ASX:NHC)\n9.19%\n★★★★☆☆\n\n\nMacquarie Group (ASX:MQG)\n3.75%\n★★★★☆☆\n\n\n\n Click here to see the full list of 30 stocks from our Top Dividend Stocks screener. \nHere we highlight a subset of our preferred stocks from the screener.\nIGO\nSimply Wall St Dividend Rating: ★★★★☆☆\nOverview: IGO Limited is an Australian exploration and mining company specializing in metals critical for clean energy, with a market capitalization of approximately A$5.88 billion.\nOperations: IGO Limited generates revenue primarily through its Nova Operation and Forrestania Operation, which collectively brought in A$903.40 million.\nDividend Yield: 7.1%\nIGO's current trading value is significantly below our fair value estimate, suggesting potential undervaluation. Despite a decade of increasing dividends, the sustainability is concerning with a high payout ratio of 185% and dividends not well covered by earnings. Recent financials show a decline in net income from A$612.3 million to A$288.3 million year-over-year and lower profit margins compared to last year. However, IGO's dividend yield remains competitive at 7.07%, ranking in the top quartile in Australia, supported by a reasonable cash payout ratio of 39.7%.\n\nTake a closer look at IGO's potential here in our dividend report.\nInsights from our recent valuation report point to the potential overvaluation of IGO shares in the market.\n\n\n\n\n  ASX:IGO Dividend History as at May 2024\n \n\nNick Scali\nSimply Wall St Dividend Rating: ★★★★★☆\nOverview: Nick Scali Limited operates in the sourcing and retailing of household furniture and related accessories across Australia and New Zealand, with a market capitalization of approximately A$1.18 billion.\nOperations: Nick Scali Limited generates its revenue primarily through the retailing of furniture, which amounted to A$450.45 million.\nDividend Yield: 4.8%\nNick Scali Limited, despite a challenging financial period with sales dropping from A$283.91 million to A$226.63 million and net income decreasing from A$60.57 million to A$43.01 million year-over-year, maintains a stable dividend history over the past decade with recent payments covered adequately by earnings and cash flows, showing payout ratios of 67.9% and 43.4%, respectively. The company's dividend yield stands at 4.8%, which is modest compared to the top Australian dividend payers but is supported by consistent payouts and recent strategic activities including follow-on equity offerings totaling A$110 million and merger discussions, suggesting potential for future stability and growth in shareholder returns.\n\nGet an in-depth perspective on Nick Scali's performance by reading our dividend report here.\nOur valuation report here indicates Nick Scali may be undervalued.\n\n\n\n\n  ASX:NCK Dividend History as at May 2024\n \n\nNew Hope\nSimply Wall St Dividend Rating: ★★★★☆☆\nOverview: New Hope Corporation Limited, with a market cap of A$3.96 billion, is engaged in the exploration, development, production, and processing of coal, along with oil and gas properties.\nOperations: New Hope Corporation Limited generates A$1.88 billion from coal mining in NSW and A$48.15 million from coal mining and related activities in QLD.\nDividend Yield: 9.2%\nNew Hope Corporation experienced a significant drop in sales and net income for the half year ended January 31, 2024, with revenues falling to A$862.95 million from A$1.59 billion and net income decreasing to A$251.67 million from A$668.61 million year-over-year. Despite this downturn, the company maintains a high dividend yield of 9.19%, which ranks in the top 25% of Australian dividend payers. However, its dividends have shown volatility over the past decade and are currently not well-covered by cash flows, given a high cash payout ratio of 90.2%. This scenario raises concerns about the sustainability of future dividend payments without an improvement in financial performance or cash flow management.\n\nClick to explore a detailed breakdown of our findings in New Hope's dividend report.\nOur valuation report unveils the possibility New Hope's shares may be trading at a discount.\n\n\n\n\n  ASX:NHC Dividend History as at May 2024\n \n\nSumming It All Up\n\nDive into all 30 of the Top Dividend Stocks we have identified here.\nAre you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.\nSimply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.\n\nCurious About Other Options?\n\nExplore high-performing small cap companies that haven't yet garnered significant analyst attention.\nFuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.\nFind companies with promising cash flow potential yet trading below their fair value.\n\n 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.\nCompanies discussed in this article include ASX:IGOASX:NCKASX:NHC and \nHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com","kind":null,"is_publish_news":null,"is_publish_highlight":null,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.22.4","shortVersion":"4.22.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2432995930"}