June 2026’s Top ASX Dividend Stocks

As the ASX prepares for a modest rise amidst mixed signals from Wall Street, investors are closely watching global economic indicators and commodity prices that could influence market dynamics. In this environment, dividend stocks remain an attractive option for those seeking stable returns, as they often provide consistent income even when broader market conditions fluctuate.

Top 10 Dividend Stocks In Australia

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

Let’s review some notable picks from our screened stocks.

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

Overview: CTI Logistics Limited, along with its subsidiaries, provides transport and logistics services in Australia and has a market capitalization of A$152.49 million.

Operations: CTI Logistics Limited generates revenue primarily through its Transport segment with A$243.29 million and its Logistics segment with A$131.35 million, complemented by A$9.91 million from its Property segment.

Dividend Yield: 5.6%

CTI Logistics offers a mixed profile for dividend investors. While the company’s dividends have been volatile and unreliable over the past decade, they are currently well-covered by both earnings and cash flows, with payout ratios of 45.2% and 37.7%, respectively. Despite this stability, its dividend yield of 5.57% is lower than the top quartile in Australia. However, recent growth in earnings by 30% suggests potential for future improvements in dividend sustainability.

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

Overview: Dicker Data Limited is a wholesale distributor of IT hardware, software, cloud, and IoT solutions serving corporate and commercial markets in Australia and New Zealand, with a market cap of A$2.02 billion.

Operations: Dicker Data Limited generates revenue primarily from its wholesale distribution of computer peripherals, amounting to A$2.57 billion.

Dividend Yield: 3.9%

Dicker Data’s dividend payments have been stable and growing over the past decade, with a recent quarterly dividend of A$0.115 per share. However, the high payout ratio of 92.9% indicates dividends are not well covered by earnings, though they are supported by cash flows with an 84.4% cash payout ratio. Despite a lower yield compared to top Australian payers, Dicker Data trades at good value relative to peers in the electronic industry and maintains strategic partnerships enhancing its market position.

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

Overview: Evolution Mining Limited is involved in the exploration, development, and operation of gold and gold-copper mines in Australia and Canada, with a market cap of A$23.83 billion.

Operations: Evolution Mining Limited generates revenue from its operations at various sites, including Cowal (A$1.68 billion), Ernest Henry (A$1.09 billion), Mungari (A$779.86 million), Red Lake (A$673.62 million), Northparkes (A$580.55 million), and Mt Rawdon (A$153.03 million).

Dividend Yield: 3.4%

Evolution Mining’s dividend payments are covered by earnings and cash flows, with payout ratios of 49.9% and 69.7%, respectively. However, the dividends have been volatile over the past decade, lacking stability despite some growth in payments. The dividend yield of 3.41% is below top-tier Australian payers. Recent developments include an updated Mineral Resource Estimate at its Nevada North Lithium Project, which may influence future financial performance but doesn’t directly impact current dividends.

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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.

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