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 | 5.16% | 97.14% | 18.25% | 3.20% | 0.18% | 15.32% | 4.22% |
Rio Tinto | 6.64% | 63.95% | 9.98% | 1.93% | 0.20% | 5.54% | 8.49% |
Woodside Energy | 7.64% | 146.99% | 17.11% | 0.91% | 0.05% | 25.43% | 0.51% |
Western Midstream Partners | 7.57% | 66.52% | 9.61% | 4.44% | 0.49% | 7.38% | 0.00% |
APA | 3.97% | 11.05% | 3.22% | 1.72% | 0.99% | 0.00% | 2.65% |
Sunoco | 8.27% | 56.92% | 7.84% | 1.40% | 0.41% | 0.30% | 6.44% |