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 | 4.88% | 65.83% | 5.63% | 1.41% | 0.25% | -9.08% | 1.90% |
| Rio Tinto | 6.26% | 60.81% | 9.01% | 1.88% | 0.21% | -7.33% | 7.77% |
| Woodside Energy | 8.27% | 142.92% | 15.67% | 0.82% | 0.05% | 0.00% | -5.08% |
| Western Midstream Partners | 8.62% | 57.52% | 9.81% | 4.58% | 0.47% | 5.48% | 11.85% |
| APA | 4.96% | 43.91% | 9.26% | 1.41% | 0.17% | 0.00% | 0.51% |
| Sunoco | 6.01% | 87.38% | 10.56% | 1.95% | 0.22% | 0.99% | 5.39% |