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
BHP5.16%97.14%18.25%3.20%0.18%15.32%4.22%
Rio Tinto6.64%63.95%9.98%1.93%0.20%5.54%8.49%
Woodside Energy7.64%146.99%17.11%0.91%0.05%25.43%0.51%
Western Midstream Partners7.57%66.52%9.61%4.44%0.49%7.38%0.00%
APA3.97%11.05%3.22%1.72%0.99%0.00%2.65%
Sunoco8.27%56.92%7.84%1.40%0.41%0.30%6.44%