ASX Dividend Stocks Yielding Up To 9.5%

As Australian shares surge, buoyed by global tech rallies and a positive outlook for the ASX 200, investors are keenly eyeing opportunities in dividend stocks that offer attractive yields. In such a dynamic market environment, selecting dividend stocks with strong fundamentals can provide potential income stability amidst broader market fluctuations.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Sugar Terminals (NSX:SUG)	9.51%	★★★★★☆
Steadfast Group (ASX:SDF)	3.89%	★★★★★☆
Peet (ASX:PPC)	7.30%	★★★★★☆
Objective (ASX:OCL)	3.71%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.82%	★★★★★☆
Kina Securities (ASX:KSL)	8.27%	★★★★★☆
Jumbo Interactive (ASX:JIN)	7.53%	★★★★★☆
Fiducian Group (ASX:FID)	6.07%	★★★★★☆
EQT Holdings (ASX:EQT)	6.65%	★★★★★★
AUB Group (ASX:AUB)	3.05%	★★★★★☆

Click here to see the full list of 31 stocks from our Top ASX Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

MFF Capital Investments (ASX:MFF)

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

Overview: MFF Capital Investments Limited, with a market cap of A$3.11 billion, operates as an investment firm manager.

Operations: MFF Capital Investments Limited generates revenue primarily from its equity investment segment, amounting to A$374.08 million.

Dividend Yield: 3.8%

MFF Capital Investments offers a stable and reliable dividend yield of 3.82%, supported by a low payout ratio of 42.7% and cash payout ratio of 48.8%, indicating strong coverage by earnings and cash flows. Over the past decade, dividends have grown consistently with minimal volatility, though the yield remains below the top quartile in Australia at 6.62%. Trading significantly below its estimated fair value could imply potential for capital appreciation alongside dividend income.

• Click to explore a detailed breakdown of our findings in MFF Capital Investments' dividend report.
• In light of our recent valuation report, it seems possible that MFF Capital Investments is trading behind its estimated value.

Objective (ASX:OCL)

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

Overview: Objective Corporation Limited, along with its subsidiaries, provides information technology software and services both in Australia and internationally, with a market cap of A$669.29 million.

Operations: Objective Corporation Limited generates revenue through its Software & Programming segment, which amounted to A$128.91 million.

Dividend Yield: 3.7%

Objective Corporation offers a reliable dividend yield of 3.71%, with dividends well-covered by earnings (payout ratio: 66.9%) and cash flows (cash payout ratio: 65.2%). Over the past decade, dividends have shown stability and growth, though the yield lags behind Australia's top quartile at 6.62%. Trading at a price-to-earnings ratio of 18x, below the industry average of 20.1x, Objective may present relative value despite forecasted earnings decline over the next three years.

• Unlock comprehensive insights into our analysis of Objective stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Objective is priced lower than what may be justified by its financials.

Sugar Terminals (NSX:SUG)

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

Overview: Sugar Terminals Limited provides storage and handling solutions for bulk sugar and other commodities in Australia, with a market cap of A$291.60 million.

Operations: Sugar Terminals Limited generates revenue primarily from the sugar industry, amounting to A$121.15 million.

Dividend Yield: 9.5%

Sugar Terminals Limited's dividend yield of 9.51% ranks in the top 25% of Australian payers, yet its sustainability is questionable due to a high cash payout ratio (124.2%) and an 83% earnings payout ratio. Despite stable growth over the past decade, dividends are not well-covered by free cash flows. The recent signing of a two-year Storage and Handling Agreement with Queensland Sugar Limited offers potential stability, though shares remain highly illiquid and undervalued by approximately 50%.

• Delve into the full analysis dividend report here for a deeper understanding of Sugar Terminals.
• The analysis detailed in our Sugar Terminals valuation report hints at an deflated share price compared to its estimated value.

Turning Ideas Into Actions

• Click this link to deep-dive into the 31 companies within our Top ASX Dividend Stocks screener.
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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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