In the last week, the Australian market has remained flat, but over the past 12 months, it has seen a modest rise of 3.6%, with earnings forecasted to grow by 12% annually. In this environment, selecting dividend stocks with solid yields can be an effective strategy for investors seeking steady income and potential growth in their portfolios.

Top 10 Dividend Stocks In Australia

Name Dividend Yield Dividend Rating Vita Life Sciences (ASX:VLS) 3.89% ★★★★★☆ Super Retail Group (ASX:SUL) 6.59% ★★★★★☆ Sugar Terminals (NSX:SUG) 8.56% ★★★★★☆ Steadfast Group (ASX:SDF) 4.47% ★★★★★☆ Smartgroup (ASX:SIQ) 6.10% ★★★★★☆ MFF Capital Investments (ASX:MFF) 4.29% ★★★★★☆ Kina Securities (ASX:KSL) 7.49% ★★★★★☆ Fiducian Group (ASX:FID) 4.63% ★★★★★☆ EQT Holdings (ASX:EQT) 5.21% ★★★★★☆ Accent Group (ASX:AX1) 7.95% ★★★★★☆

Click here to see the full list of 35 stocks from our Top ASX Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Insurance Australia Group

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

Overview: Insurance Australia Group Limited underwrites general insurance products and provides investment management services in Australia and New Zealand, with a market cap of A$16.35 billion.

Operations: Insurance Australia Group Limited generates revenue through its main segments: Retail Insurance Australia with A$9.59 billion, Intermediated Insurance Australia with A$4.51 billion, and New Zealand with A$3.79 billion.

Dividend Yield: 4.5%

Insurance Australia Group's dividend sustainability is supported by a payout ratio of 67.4% and a cash payout ratio of 69.1%, indicating coverage by both earnings and cash flows. However, its dividend yield of 4.52% is below the top quartile in Australia, and its past dividend payments have been volatile and unreliable over the last decade. Recent developments include a A$200 million share buyback program and an interim franked dividend of A$0.12 per share, with an ex-dividend date on February 17, 2026.

Navigate through the intricacies of Insurance Australia Group with our comprehensive dividend report here. Our expertly prepared valuation report Insurance Australia Group implies its share price may be lower than expected.ASX:IAG Dividend History as at Feb 2026

oOh!media

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

Overview: oOh!media Limited operates in the outdoor media, production, and advertising sectors across Australia and New Zealand with a market cap of A$587.27 million.

Operations: oOh!media Limited generates its revenue through its operations in the outdoor media, production, and advertising sectors across Australia and New Zealand.

Dividend Yield: 5.9%

Story Continues

oOh!media's dividend yield of 5.87% ranks in the top quartile of Australian payers, yet its sustainability is questionable due to a high payout ratio of 159.5%. Despite an improved cash payout ratio of 18.3%, earnings coverage remains insufficient. Recent full-year results show a decline in net income to A$16.9 million from A$36.6 million, though sales rose to A$691.4 million from A$635.6 million, and a fully franked dividend increase to A$0.040 per share was announced for March 2026 payment.

Take a closer look at oOh!media's potential here in our dividend report. The analysis detailed in our oOh!media valuation report hints at an deflated share price compared to its estimated value.ASX:OML Dividend History as at Feb 2026

Smartgroup

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

Overview: Smartgroup Corporation Ltd is an Australian company that offers employee management services and has a market cap of A$1.07 billion.

Operations: Smartgroup Corporation Ltd generates revenue primarily from its Outsourced Administration segment at A$296.66 million and Vehicle Services at A$23.95 million.

Dividend Yield: 6.1%

Smartgroup offers a notable dividend yield of 6.1%, placing it in the top 25% of Australian dividend payers, supported by a payout ratio of 64.5%. Despite this, its dividend history has been unstable over the past decade. The company is trading at good value compared to peers, and recent speculation about a potential merger with FleetPartners could influence future strategic directions. Recent board changes include appointing Paul Rogan as an independent non-executive director effective March 2026.

Unlock comprehensive insights into our analysis of Smartgroup stock in this dividend report. In light of our recent valuation report, it seems possible that Smartgroup is trading behind its estimated value.ASX:SIQ Dividend History as at Feb 2026

Turning Ideas Into Actions

Navigate through the entire inventory of 35 Top ASX Dividend Stocks here. Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks. Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Seeking Other Investments?

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ASX:IAG ASX:OML and ASX:SIQ.

This article was originally published by Simply Wall St.

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