As the ASX200 experiences a downturn, with banks dragging the index lower and materials leading gains due to China’s economic stimulus plans, investors are paying close attention to sectors that can offer stability and income. In such volatile conditions, dividend stocks become particularly appealing as they provide regular income streams and potential for long-term growth; this article will explore three noteworthy options on the ASX, including nib holdings.
|
Name |
Dividend Yield |
Dividend Rating |
|
Perenti (ASX:PRN) |
6.30% |
★★★★★☆ |
|
Nick Scali (ASX:NCK) |
4.37% |
★★★★★☆ |
|
Super Retail Group (ASX:SUL) |
7.95% |
★★★★★☆ |
|
Collins Foods (ASX:CKF) |
3.54% |
★★★★★☆ |
|
Fiducian Group (ASX:FID) |
4.40% |
★★★★★☆ |
|
MFF Capital Investments (ASX:MFF) |
3.15% |
★★★★★☆ |
|
National Storage REIT (ASX:NSR) |
4.66% |
★★★★★☆ |
|
Premier Investments (ASX:PMV) |
3.86% |
★★★★★☆ |
|
New Hope (ASX:NHC) |
7.88% |
★★★★☆☆ |
|
Sugar Terminals (NSX:SUG) |
7.66% |
★★★★☆☆ |
Click here to see the full list of 30 stocks from our Top ASX Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: nib holdings limited operates in the underwriting and distribution of private health, life, and living insurance for residents, international students, and visitors in Australia and New Zealand, with a market cap of A$2.72 billion.
Operations: nib holdings limited generates revenue from several segments, including Australian Residents Health Insurance (A$2.65 billion), New Zealand Insurance (A$373.10 million), International (Inbound) Health Insurance (A$203.50 million), NIB Travel (A$96.80 million), and Nib Thrive (A$51.30 million).
Dividend Yield: 5.2%
nib holdings’ dividend payments are covered by earnings and cash flows, with payout ratios of 75.3% and 67.5%, respectively, suggesting sustainability. However, its dividend yield of 5.17% is lower than the top quartile in Australia (6.18%). Despite recent earnings growth of A$62 million, dividends have been volatile over the past decade, indicating an unreliable track record. Recent executive changes include Mr. Edward Close’s appointment as a director on December 1, 2024.
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Navigate through the intricacies of nib holdings with our comprehensive dividend report here.
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Our valuation report unveils the possibility nib holdings’ shares may be trading at a discount.
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Perenti Limited is a global mining services company with a market capitalization of A$1.17 billion.
Operations: Perenti Limited generates revenue from Drilling Services (A$598.10 million), Contract Mining Services (A$2.54 billion), and Mining Services and Idoba (A$239.06 million).
