ASX Dividend Stocks Featuring Grange Resources And 2 More

As the Australian market grapples with declines in commodity prices, particularly impacting mining stocks, the ASX200 has experienced a slight dip of 0.35%, closing at 8240 points. Amidst these fluctuations, dividend stocks remain an attractive option for investors seeking steady income streams, especially in sectors less affected by current market volatility such as utilities and IT.

Click here to see the full list of 37 stocks from our Top ASX Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

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

Overview: Grange Resources Limited operates an integrated iron ore mining and pellet production business in Australia and internationally, with a market cap of A$283.55 million.

Operations: Grange Resources Limited generates revenue of A$570.41 million from its ore mining segment.

Dividend Yield: 8.2%

Grange Resources has a mixed dividend profile, offering a high yield in the top 25% of Australian dividend payers, but with an unstable track record over the past decade. Recent earnings showed a decline, impacting net income and sales. Despite this, its dividends are well covered by both earnings and cash flows due to low payout ratios. The company recently increased its fully franked dividend slightly; however, it was dropped from key indices in September 2024.

• Click here and access our complete dividend analysis report to understand the dynamics of Grange Resources.

• According our valuation report, there’s an indication that Grange Resources’ share price might be on the cheaper side.

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

Overview: Lindsay Australia Limited offers integrated transport, logistics, and rural supply services to the food processing, food services, fresh produce, and horticulture sectors in Australia with a market cap of A$273.91 million.

Operations: Lindsay Australia Limited generates revenue from its key segments: Rural (A$155.44 million), Hunters (A$87.44 million), Corporate (A$5.00 million), and Transport (A$577.36 million).

Dividend Yield: 5.6%

Lindsay Australia’s dividend profile is marked by volatility over the past decade, despite recent growth. Its dividends are well-covered by earnings and cash flows, with a payout ratio of 56% and a low cash payout ratio of 18.8%. However, its yield of 5.63% is below the top quartile in Australia. Recent results showed increased sales to A$804.37 million but decreased net income to A$27.27 million, affecting dividend stability.