Best Dividend Stocks Australia: For High Returns in 2024

Dividend Stocks in Australia present a compelling opportunity for investors seeking reliable income and exposure to a robust economy. Australia’s strong financial system, abundant natural resources, and well-developed infrastructure have made it a resilient market, even in global economic downturns. With many Australian companies committed to returning value to shareholders through generous dividend payouts, this market offers a stable and consistent source of income. We’ll highlight some of the best dividend stocks in Australia, providing insights into why this country is a great choice for dividend-focused investors looking to diversify their portfolios.

StockDividend YieldPay-out RatioP/E RatioP/B RatioROE5y Dividend Growth10y Dividend Growth
BHP5.54%97.14%16.97%2.98%0.18%15.32%4.22%
Rio Tinto6.96%63.95%9.46%1.83%0.20%5.54%8.49%
Woodside Energy8.01%146.99%16.21%0.86%0.05%25.43%0.51%
Western Midstream Partners10.72%88.47%9.47%4.28%0.48%7.38%0.00%
APA5.70%15.11%3.65%1.59%0.56%0.00%2.65%
Sunoco9.64%114.12%13.97%1.75%0.20%0.30%6.44%