3 ASX Dividend Shares Yielding At Least 3.4%

As the ASX200 suffers a slight pullback, profits are taken after recent record highs and investors closely monitor US employment data, market participants are assessing how various sectors are performing amid these headwinds. In this environment, dividend stocks can offer a measure of stability and income potential, especially those yielding at least 3.4%, making them an attractive option for investors looking for reliable returns in uncertain times.

Name	Dividend Yield	Dividend Rating
Fortescue (ASX:FMG)	9.99%	★★★★★☆
Nick Scali (ASX:NCK)	4.39%	★★★★★☆
Super Retail Group (ASX:SUL)	7.93%	★★★★★☆
Perenti (ASX:PRN)	6.23%	★★★★★☆
Collins Foods (ASX:CKF)	3.47%	★★★★★☆
Fiducian Group (ASX:FID)	4.37%	★★★★★☆
MFF Capital Investments (ASX:MFF)	3.23%	★★★★★☆
National Storage REIT (ASX:NSR)	4.55%	★★★★★☆
Premier Investments (ASX:PMV)	3.81%	★★★★★☆
New Hope (ASX:NHC)	8.09%	★★★★☆☆

Click here to see the full list of 31 stocks from our Best ASX Dividend Shares scan.

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

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

Overview: Collins Foods Limited operates, manages and manages restaurants in Australia and Europe with a market capitalization of AU$950.76 million.

Operations: Collins Foods Limited generates revenue from its restaurant operations with A$54.38 million from Taco Bell Restaurants, A$313.47 million from KFC Restaurants in Europe and A$1.12 billion from KFC Restaurants in Australia.

Dividend Yield: 3.5%

Collins Foods offers a stable dividend yield of A$0.11 per share, with dividends paid reliably over the last decade. The payout ratio is 59.1%, indicating dividends are well covered by earnings, while the cash payout ratio of 35.2% indicates strong cash flow support. Despite recent earnings falling to AU$24.12 million in the first half of 2024, the stock is trading below estimated fair value and offers good relative value compared to industry peers.

ASX:CKF Dividend History as of December 2024

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

Overview: Jumbo Interactive Limited operates in the retail sale of lottery tickets via internet and mobile platforms in Australia, the United Kingdom, Canada, Fiji and internationally, with a market value of AU$895.77 million.

Operations: Jumbo Interactive Limited’s revenue segments include Lottery Retailing at A$123.40 million, Software as a Service (SaaS) at A$50.73 million and Managed Services at A$25.84 million.

Dividend Yield: 3.8%

Jumbo Interactive’s dividend yield of 3.81% is lower than the top tier in Australia, but dividends are covered by earnings (payout ratio: 79.1%) and cash flows (cash payout ratio: 63.2%). Despite a variable dividend history, payouts have increased over the past decade. The company is trading at a discount to its estimated fair value and is exploring merger and acquisition opportunities to fuel growth by focusing on technology-enabled businesses in regions such as the UK and Canada.

ASX:JIN Dividend History as of December 2024

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

Overview: QBE Insurance Group Limited undertakes general insurance and reinsurance risks in the Australian Pacific, North American and international markets, with a market capitalization of AU$29.99 billion.

Operations: QBE Insurance Group Limited generates revenue from various segments, including $9.56 billion from International operations, $7.71 billion from North America and $5.91 billion from the Australia Pacific region.

Dividend Yield: 3.6%

QBE Insurance Group’s dividend yield of 3.61% is below the top quartile in Australia, but dividends are well covered by earnings (payout ratio: 42.9%) and cash flows (cash payout ratio: 20.1%) is met. Despite its history of volatility, dividend payments have increased over the past decade. Currently trading at a significant discount to estimated fair value, QBE recently announced a AU$45 million fixed income offering to support its financial strategy.

ASX:QBE Dividend History as of December 2024

Check out our full range of 31 products Best ASX Dividend Shares right here.
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This article written by Simply Wall St is general in nature. We only provide commentary based on historical data and analyst estimates using an unbiased methodology, and our articles do not constitute financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. We aim to provide you with long-term focused analysis driven by fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

Companies covered in this article include ASX:CKF ASX:JIN and ASX:QBE.

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