3 ASX Dividend Stocks Yielding Up To 6.6%

Simply Wall St.09-02

The ASX200 recently closed up 0.58% at 8,091.9 points amid a flurry of earnings reports and mixed economic data, including flat retail sales for July which has analysts speculating on future interest ...

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While sectors like Industrials and Energy saw gains, Consumer Discretionary stocks faced challenges. In this environment of fluctuating market conditions, dividend stocks can offer stability and consistent returns for investors seeking reliable income streams.Click here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.Overview: IGO Limited is an Australian exploration and mining company focused on discovering, developing, and operating assets for clean energy metals with a market cap of A$4.20 billion.Operations: IGO Limited's revenue segments include A$48.80 million from the Cosmos Project, A$539.10 million from the Nova Operation, and A$234.80 million from the Forrestania Operation, along with A$18.10 million in interest revenue.IGO's dividend p","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK7129":"钢铁","NCK.AU":"NICK SCALI LTD","CKF.AU":"COLLINS FOODS LTD","XAO.AU":"标普/澳交所 普通股指数","FID.AU":"FIDUCIAN GROUP LTD","XJO.AU":"标普/澳交所 200指数","PMV.AU":"PREMIER INVESTMENTS LIMITED","BK7506":"金矿股","NSR.AU":"NATIONAL STORAGE REIT","XKO.AU":"标普/澳交所 300指数","BK7010":"特种房地产投资信托","BK7128":"专卖店","NHC.AU":"NEW HOPE CORP LTD","BK7509":"中概股","BK7062":"资产管理与托管银行","BK7083":"煤与消费用燃料","BK7107":"家庭装饰零售","SUL.AU":"SUPER RETAIL GROUP LTD","AOV.AU":"Amotiv","BK7021":"服装零售","BK7504":"锂钴概念","BK7137":"餐馆","BK7095":"多种金属与采矿","PRN.AU":"PERENTI LTD","BK7051":"机动车零配件与设备","JIN.AU":"JUMBO INTERACTIVE LTD","MFF.AU":"MFF CAPITAL INVESTMENTS LTD","BK7151":"自存仓储房地产信托","BK7078":"赌场与赌博","IGO.AU":"IGO LTD","GRR.AU":"GRANGE RESOURCES LTD","BK7507":"资源股"},"translate_title":"3只ASX股息股票收益率高达6.6%","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CKF.AU":1,"FID.AU":1,"GRR.AU":1,"SUL.AU":1,"PRN.AU":1,"PMV.AU":1,"NSR.AU":1,"NHC.AU":1,"NCK.AU":1,"MFF.AU":1,"JIN.AU":1,"IGO.AU":1,"AOV.AU":0.9,"XAO.AU":0.78,"XJO.AU":0.78,"XKO.AU":0.78},"content_text":"The ASX200 recently closed up 0.58% at 8,091.9 points amid a flurry of earnings reports and mixed economic data, including flat retail sales for July which has analysts speculating on future interest rate movements. While sectors like Industrials and Energy saw gains, Consumer Discretionary stocks faced challenges. In this environment of fluctuating market conditions, dividend stocks can offer stability and consistent returns for investors seeking reliable income streams.\nTop 10 Dividend Stocks In Australia\n\n\n\nName\nDividend Yield\nDividend Rating\n\n\nPerenti (ASX:PRN)\n7.73%\n★★★★★☆\n\n\nCollins Foods (ASX:CKF)\n3.64%\n★★★★★☆\n\n\nNick Scali (ASX:NCK)\n4.27%\n★★★★★☆\n\n\nFiducian Group (ASX:FID)\n4.80%\n★★★★★☆\n\n\nMFF Capital Investments (ASX:MFF)\n3.66%\n★★★★★☆\n\n\nSuper Retail Group (ASX:SUL)\n6.66%\n★★★★★☆\n\n\nNational Storage REIT (ASX:NSR)\n4.55%\n★★★★★☆\n\n\nPremier Investments (ASX:PMV)\n3.85%\n★★★★★☆\n\n\nNew Hope (ASX:NHC)\n9.60%\n★★★★☆☆\n\n\nGrange Resources (ASX:GRR)\n7.27%\n★★★★☆☆\n\n\n\nClick here to see the full list of 32 stocks from our Top ASX Dividend Stocks screener.\nLet's explore several standout options from the results in the screener.\nAmotiv\nSimply Wall St Dividend Rating: ★★★★☆☆\nOverview: Amotiv Limited, with a market cap of A$1.48 billion, manufactures, imports, distributes, and sells automotive products across Australia, New Zealand, Thailand, South Korea, France, and the United States through its subsidiaries.\nOperations: Amotiv Limited generates revenue from three primary segments: Powertrain & Undercar (A$313.90 million), Lighting Power & Electrical (A$324.47 million), and 4WD Accessories & Trailering (A$348.81 million).\nDividend Yield: 3.8%\nAmotiv Limited's dividend payments are well-covered by both earnings (57.2% payout ratio) and cash flows (37.7% cash payout ratio). Despite a history of volatility in dividends over the past decade, recent announcements affirm a fully franked final dividend of A$0.22 per share, with an ex-dividend date of August 23, 2024. The company's earnings have shown consistent growth, with net income rising to A$98.8 million for the year ended June 30, 2024.\n\nClick here to discover the nuances of Amotiv with our detailed analytical dividend report.\nOur valuation report unveils the possibility Amotiv's shares may be trading at a discount.\n\n\n\n\n  ASX:AOV Dividend History as at Sep 2024\n \n\nIGO\nSimply Wall St Dividend Rating: ★★★★☆☆\nOverview: IGO Limited is an Australian exploration and mining company focused on discovering, developing, and operating assets for clean energy metals with a market cap of A$4.20 billion.\nOperations: IGO Limited's revenue segments include A$48.80 million from the Cosmos Project, A$539.10 million from the Nova Operation, and A$234.80 million from the Forrestania Operation, along with A$18.10 million in interest revenue.\nDividend Yield: 6.7%\nIGO's dividend payments have been volatile and unreliable over the past decade, with a high payout ratio of 10008.1%, indicating poor coverage by earnings. However, its cash payout ratio of 41.6% suggests dividends are well-covered by cash flows. Recent earnings reports show a significant decline in net income to A$2.8 million from A$549.1 million last year, raising concerns about future dividend sustainability despite its top-tier yield of 6.67%.\n\nDelve into the full analysis dividend report here for a deeper understanding of IGO.\nThe analysis detailed in our IGO valuation report hints at an deflated share price compared to its estimated value.\n\n\n\n\n  ASX:IGO Dividend History as at Sep 2024\n \n\nJumbo Interactive\nSimply Wall St Dividend Rating: ★★★★☆☆\nOverview: Jumbo Interactive Limited operates in the retail of lottery tickets via internet and mobile devices across Australia, the United Kingdom, Canada, Fiji, and internationally with a market cap of A$867.81 million.\nOperations: Jumbo Interactive Limited's revenue segments include Managed Services (A$25.84 million), Lottery Retailing (A$123.40 million), and Software-As-A-Service (SaaS) (A$50.73 million).\nDividend Yield: 3.9%\nJumbo Interactive recently announced a fully franked dividend of A$0.275 per share, payable on September 20, 2024. The company reported strong earnings for the year ended June 30, 2024, with net income rising to A$43.35 million from A$31.57 million and basic earnings per share increasing to A$0.6886 from A$0.502 last year. Despite a volatile dividend history, current dividends are well-covered by both earnings (79.1% payout ratio) and cash flows (63.4% cash payout ratio).\n\nUnlock comprehensive insights into our analysis of Jumbo Interactive stock in this dividend report.\nOur expertly prepared valuation report Jumbo Interactive implies its share price may be lower than expected.\n\n\n\n\n  ASX:JIN Dividend History as at Sep 2024\n \n\nNext Steps\n\nNavigate through the entire inventory of 32 Top ASX Dividend Stocks here.\nAre these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.\nTake control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.\n\nContemplating Other Strategies?\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:AOV ASX:IGO and ASX:JIN.\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":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"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":"4.29.1","shortVersion":"4.29.1","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/2464043854"}