Accent Group And Two More ASX Dividend Stocks To Enhance Your Portfolio

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In the past year, the Australian market has demonstrated resilience with an 8.6% increase, despite a recent 1.2% dip over the last seven days. In this context, dividend stocks like Accent Group can offer investors potential stability and income growth opportunities, especially with earnings forecasted to grow by 13% annually.

Top 10 Dividend Stocks In Australia

Name

Dividend Yield

Dividend Rating

Collins Foods (ASX:CKF)

3.09%

★★★★★☆

Fortescue (ASX:FMG)

9.48%

★★★★★☆

Centuria Capital Group (ASX:CNI)

6.84%

★★★★★☆

Nick Scali (ASX:NCK)

4.73%

★★★★★☆

Fiducian Group (ASX:FID)

4.04%

★★★★★☆

Eagers Automotive (ASX:APE)

7.01%

★★★★★☆

Charter Hall Group (ASX:CHC)

3.55%

★★★★★☆

Premier Investments (ASX:PMV)

4.34%

★★★★★☆

Diversified United Investment (ASX:DUI)

3.09%

★★★★★☆

New Hope (ASX:NHC)

9.21%

★★★★☆☆

Click here to see the full list of 28 stocks from our Top ASX Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Accent Group

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

Overview: Accent Group Limited, operating in Australia and New Zealand, specializes in retailing, distributing, and franchising lifestyle footwear, along with apparel and accessories, boasting a market capitalization of approximately A$1.22 billion.

Operations: Accent Group Limited generates A$1.40 billion in revenue primarily through its multi-channel retail operations focused on performance and lifestyle footwear.

Dividend Yield: 6.5%

Accent Group Limited, despite a dividend yield of 6.45%, faces challenges with sustainability and reliability in its dividend distribution. The company's dividends are not well supported by earnings, as evidenced by a high payout ratio of 107.2%. However, cash flow coverage is more favorable with a cash payout ratio at 39%. Recent executive changes, including appointing James Anderson as CIO effective June 18, signal potential strategic shifts in technology and data management that could impact future performance.

ASX:AX1 Dividend History as at Jul 2024
ASX:AX1 Dividend History as at Jul 2024

Fiducian Group

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

Overview: Fiducian Group Ltd operates in Australia, offering financial services through its subsidiaries, with a market capitalization of approximately A$236.08 million.

Operations: Fiducian Group Ltd generates revenue through four primary segments: Funds Management (A$20.49 million), Corporate Services (A$12.06 million), Financial Planning (A$28.95 million), and Platform Administration (A$15.38 million).