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 | 5.99% | 97.56% | 31.45% | 5.52% | 0.18% | -9.08% | 1.90% |
| Rio Tinto | 7.25% | 63.95% | 9.08% | 1.76% | 0.20% | -7.33% | 7.77% |
| Woodside Energy | 8.19% | 142.92% | 15.84% | 0.84% | 0.05% | 0.00% | -5.08% |
| Western Midstream Partners | 7.56% | 73.85% | 10.54% | 4.77% | 0.48% | 5.48% | 11.85% |
| APA | 4.28% | 15.11% | 3.88% | 1.69% | 0.56% | 0.00% | 0.51% |
| Sunoco | 6.18% | 114.12% | 14.58% | 1.83% | 0.20% | 0.99% | 5.39% |