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.
| Stock | Dividend Yield | Pay-out Ratio | P/E Ratio | P/B Ratio | ROE | 5y Dividend Growth | 10y Dividend Growth |
|---|---|---|---|---|---|---|---|
| BHP | 5.65% | 97.14% | 16.64% | 2.92% | 0.18% | 7.38% | 3.80% |
| Rio Tinto | 6.98% | 63.95% | 9.43% | 1.83% | 0.20% | 5.54% | 8.49% |
| Woodside Energy | 8.10% | 142.92% | 16.13% | 0.85% | 0.05% | 12.26% | 0.51% |
| Western Midstream Partners | 8.08% | 73.85% | 9.86% | 4.46% | 0.48% | 1.67% | 14.82% |
| APA | 4.37% | 15.11% | 3.80% | 1.65% | 0.56% | 0.00% | 2.65% |
| Sunoco | 6.50% | 114.12% | 13.85% | 1.74% | 0.20% | 0.30% | 6.44% |