The Australian stock exchange has shown robust growth over the last year, rising by 1.5% over the week ending May 15, 2024, achieving a 7.3% rise in the previous 12 months. Meanwhile, earnings are expected to grow by 13% every year. As a result, selecting dividend stocks that offer good payouts and potential for capital appreciation is particularly appealing to investors looking for both stability and growth in their portfolios. 

Top 10 ASX Dividend Stocks To Watch 

1. Lindsay Australia (ASX: LAU) 

Lindsay Australia Limited (LAU) is an ASX-listed company that works in the transportation of refrigerated and general freight, logistics services, and associated import and export horticulture goods and merchandising of rural supplies. The Lindsay Australia Group comprises rural, transport, and fresh logistics. The company paid out a dividend of 6.22%. 

2. Fiducian Group (ASX: FID) 

Fiducian Group Limited (FID, formerly Fiducian Portfolio Services Limited) is a financial services company that operates an Investor Directed Portfolio Service and Managed Discretionary Account service and acts as a Trustee of Fiducian Superannuation Service and acting as an entity of Fiducian Funds. They also provide a range of specialist financial planning services, accountancy resource services, administration, and professional services. The company paid out a dividend of 3.79% even as its share price rose 32.8% in the last year. 

3. Nick Scali (ASX: NCK)

Nick Scali Limited is a publicly listed Australian company that imports and retails furniture such as lounge suites, dining tables, coffee tables, chairs, and entertainment units. It was founded in 1962 by Nick D. Scali. The company specializes in leather and fabric lounges. As illustrated in the chart below, the share price gained 63.5% in the last year alone, which explains why the company was able to return dividends estimated at 4.8%. 

4. Centuria Capital Group (ASX: CNI)

Centuria Capital Group (CNI) is an ASX-listed specialist investment management company with a 35-year track record of delivering a range of products and services to investors, advisers, and security holders. Centuria Capital Group has $20.2b in Assets Under Management (AUM) and its business is centered around property funds management and investment bonds Their dividend was estimated at 6.80% after gaining 6% in the last year.  

5. Charter Hall Group (ASX: CHC)

With over 32 years of experience in property investment and funds management, across office, industrial, retail, and social infrastructure., the Charter Hall Group holds a range of offices in Sydney, Melbourne, Brisbane, Adelaide, and Perth and oversees a portfolio of 1,641 properties with over 11 million sqm of space. The Charter Hall has four property funds that are listed on the Australian Securities Exchange (ASX): Charter Hall Group (ASX: CHC), Charter Hall Long WALE REIT (ASX: CLW), Charter Hall Retail REIT (ASX: CQR), and Charter Hall Social Infrastructure REIT (ASX: CQE). The company gave us a dividend of 3.7%. 

6. Premier Investments (ASX: PMV)

Premier Investments is an Australian public company limited by shares. It has been listed on the Australian Securities Exchange (ASX) since 15 December 1987.  The company was established as an investment vehicle to maximize growth in capital returns to shareholders by acquiring controlling or strategic shareholdings in premier Australian companies with a particular focus on retailing, importing, and distributing. The share price for premier investments has risen by 11.24% and returned a dividend of 4.7%. 

7. Fortescue (ASX: FMG)

Fortescue is a global metal mining company headquartered in Australia. Fortescue focused on iron ore mining under the name of Fortescue Metals Group until July 2023. As of 2017, Fortescue is the fourth-largest iron ore producer in the world and its share price has risen by 11.97%, allowing it to give out dividends estimated at 7.74%. 

8. Diversified United Investment (ASX: DUI)

DUI is a listed investment company founded in 1991 that invests in Australian and international equities. The Company seeks to provide income and capital appreciation over the longer term to its shareholders through a portfolio of securities predominantly comprising shares of companies listed on the ASX with additional exposure to international markets. Its share price rose 5.4% in the last year and its dividends were estimated at 0.3%. 

9. Macquarie Group (ASX: MQG)

Macquarie Group Limited (MQG) is a global financial services group operating in 34 markets in asset management, retail, and business banking, wealth management, leasing and asset financing, market access, commodity trading, renewables development, specialist advisory, capital raising, and principal investment. The company’s share price rose 9.6% in the last year and dividends were estimated at 3.5%. 

10. Australian United Investment (ASX: AUI)

AUI is a Listed Investment Company whose shares are listed on the Australian Stock Exchange (ASX). The Company seeks to provide income and capital appreciation over the longer term to its shareholders through a portfolio of securities predominantly comprising shares of companies listed on the ASX. Over the last year, the share price for AUI rose 7.8% while dividends were estimated at 3.6%. 

In 2024, these ten stocks and others shared dividends to shareholders. These stocks, listed on the Australian stock exchange, not only performed well in the last year, but they equally shared out dividends to investors and although this does not provide a framework for the future, it can provide a guide for how one expects these companies to pay out dividends in the coming quarters. It is important to note that any dividend payouts will be contingent on the performance of the company in terms of revenue/sales and possibly its share price.