3 ASX Dividend Stocks With Yields Up To 4.6%

As the S&P/ASX 200 navigates a landscape influenced by global inflation concerns and potential interest rate hikes, Australian investors are keenly observing how these factors might impact their portfolios. In such an environment, dividend stocks can offer a measure of stability and income, making them an attractive option for those looking to balance growth with reliable returns.

Top 10 Dividend Stocks In Australia

Name	Dividend Yield	Dividend Rating
Vita Life Sciences (ASX:VLS)	5.07%	★★★★★☆
Sugar Terminals (NSX:SUG)	9.51%	★★★★★☆
Steadfast Group (ASX:SDF)	3.59%	★★★★★☆
Ricegrowers (ASX:SGLLV)	5.25%	★★★★☆☆
Regis Resources (ASX:RRL)	3.61%	★★★★☆☆
Objective (ASX:OCL)	3.97%	★★★★★☆
Kina Securities (ASX:KSL)	8.58%	★★★★★☆
Dicker Data (ASX:DDR)	3.01%	★★★★☆☆
CTI Logistics (ASX:CLX)	5.61%	★★★★☆☆
Australian United Investment (ASX:AUI)	3.83%	★★★★☆☆

Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

MFF Capital Investments (ASX:MFF)

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

Overview: MFF Capital Investments Limited is an investment firm manager with a market capitalization of A$3.18 billion.

Operations: MFF Capital Investments Limited generates revenue primarily through its equity investment segment, which amounts to A$243.87 million.

Dividend Yield: 4.1%

MFF Capital Investments has announced plans to increase its six-monthly dividend to A$0.12 per share, supported by retained profits of A$1.77 billion and franking credits of A$272 million. Despite a consistent 10-year history of stable and reliable dividends, the payout is not well covered by cash flows due to a high cash payout ratio of 768.4%. The current dividend yield stands at 4.1%, below the top quartile in Australia.

• Unlock comprehensive insights into our analysis of MFF Capital Investments stock in this dividend report.
• Our expertly prepared valuation report MFF Capital Investments implies its share price may be lower than expected.

Medibank Private (ASX:MPL)

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

Overview: Medibank Private Limited offers private health insurance services in Australia and has a market cap of A$13.33 billion.

Operations: Medibank Private Limited generates revenue primarily from its Health Insurance segment, amounting to A$8.59 billion, and Medibank Health segment, contributing A$634.80 million.

Dividend Yield: 4%

Medibank Private's recent earnings report highlighted a net income of A$638.7 million, up from A$500.8 million the previous year, with a basic EPS increase to A$0.232. The company declared a fully franked dividend of A$0.109 per share for the six months ending June 2026, although its high cash payout ratio of 125.7% indicates dividends are not well covered by free cash flow. Despite this, Medibank has maintained stable and growing dividends over the past decade, though its yield remains below top-tier levels in Australia at 3.97%.

• Navigate through the intricacies of Medibank Private with our comprehensive dividend report here.
• Our valuation report unveils the possibility Medibank Private's shares may be trading at a discount.

QBE Insurance Group (ASX:QBE)

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

Overview: QBE Insurance Group Limited underwrites general insurance and reinsurance risks across the Australia Pacific, North America, and international markets, with a market cap of A$33.23 billion.

Operations: QBE Insurance Group Limited's revenue is derived from its operations in International ($12.24 billion), North America ($8.32 billion), and Australia Pacific ($5.78 billion) segments.

Dividend Yield: 4.7%

QBE Insurance Group's dividend payments have been volatile over the past decade, but recent increases signal potential growth. The dividends are well-covered by both earnings (52.2% payout ratio) and cash flows (33.2% cash payout ratio), suggesting sustainability despite past instability. Trading at 53.7% below estimated fair value, QBE offers good relative value compared to peers, although its 4.69% yield is lower than top-tier Australian dividend stocks. Recent debt redemption may enhance financial stability further.

• Take a closer look at QBE Insurance Group's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that QBE Insurance Group is trading behind its estimated value.

Next Steps

• Access the full spectrum of 35 Top ASX Dividend Stocks by clicking on this link.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Looking For Alternative Opportunities?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com