ASX Dividend Stocks Featuring ANZ Group Holdings And Two More

As the ASX200 faces a slight downturn, with investors expressing disappointment over recent Chinese stimulus measures and declining commodity prices impacting sectors like Materials and Energy, dividend stocks continue to be a focal point for those seeking stable income amidst market fluctuations. In this environment, identifying robust dividend stocks can be crucial for investors looking to balance growth potential with reliable returns; ANZ Group Holdings and two other noteworthy stocks offer compelling options in the current Australian market landscape.

Click here to see the full list of 36 stocks from our Top ASX Dividend Stocks screener.

Let’s dive into some prime choices out of the screener.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: ANZ Group Holdings Limited offers a range of banking and financial products and services to retail, individual, and business customers in Australia and internationally, with a market cap of A$95.52 billion.

Operations: ANZ Group Holdings Limited’s revenue segments include Pacific (A$222 million), New Zealand (A$3.51 billion), Institutional (A$6.90 billion), Australia Retail (A$5.82 billion), and Australia Commercial (A$3.43 billion).

Dividend Yield: 5.2%

ANZ Group Holdings has shown a volatile dividend history over the past decade, with recent decreases in its final dividend to A$0.83 per share. Despite this volatility, dividends remain covered by earnings with a current payout ratio of 76.2%, forecasted to improve slightly to 73.1% in three years. The stock trades below estimated fair value, offering potential for capital appreciation alongside its moderate dividend yield of 5.17%.

• Get an in-depth perspective on ANZ Group Holdings’ performance by reading our dividend report here.

• Our comprehensive valuation report raises the possibility that ANZ Group Holdings is priced lower than what may be justified by its financials.

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Steadfast Group Limited operates as a general insurance brokerage company across Australasia, Asia, and Europe, with a market capitalization of A$6.26 billion.