3 ASX Dividend Stocks With Up To 6.7% Yield

As Australian shares experience a slight dip amid global market movements, investors are keeping a keen eye on the ASX for opportunities that offer stability and income through dividends. In such a fluctuating environment, dividend stocks can be appealing as they provide regular income streams, especially when yields reach up to 6.7%.

Top 10 Dividend Stocks In Australia

Click here to see the full list of 33 stocks from our Top ASX Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Cash Converters International (ASX:CCV)

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

Overview: Cash Converters International Limited operates in unsecured lending and second-hand retail services across Australia, New Zealand, the United Kingdom, and internationally, with a market cap of A$209.90 million.

Operations: Cash Converters International Limited generates revenue from various segments, including Store Operations (A$174.51 million), Personal Finance (A$62.86 million), the United Kingdom (A$99.20 million), New Zealand (A$22.60 million), and Vehicle Finance (A$8.72 million).

Dividend Yield: 6.8%

Cash Converters International offers a compelling dividend yield of 6.78%, placing it in the top 25% of Australian dividend payers. The dividends are well-covered by both earnings and cash flows, with payout ratios of 56.6% and 19.7%, respectively, suggesting sustainability despite a volatile track record over the past decade. Trading slightly below its estimated fair value, CCV presents good relative value compared to peers, though recent board changes may impact future strategic direction.

• Click here to discover the nuances of Cash Converters International with our detailed analytical dividend report.
• Our expertly prepared valuation report Cash Converters International implies its share price may be lower than expected.

CTI Logistics (ASX:CLX)

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

Overview: CTI Logistics Limited, along with its subsidiaries, provides transport and logistics services in Australia and has a market cap of A$206.29 million.

Operations: CTI Logistics Limited generates revenue primarily from its Transport segment, which accounts for A$243.29 million, and its Logistics segment, contributing A$131.35 million.

Dividend Yield: 4.1%

CTI Logistics offers a dividend yield of 4.12%, which is lower than the top 25% of Australian dividend payers. Despite this, its dividends are well-supported by earnings and cash flows, with payout ratios of 45.2% and 37.7%, respectively, indicating sustainability. Trading at A$83 million below its estimated fair value suggests good relative value compared to peers, though the dividend track record has been volatile over the past decade despite long-term growth in payments.

• Click here and access our complete dividend analysis report to understand the dynamics of CTI Logistics.
• The analysis detailed in our CTI Logistics valuation report hints at an deflated share price compared to its estimated value.

Evolution Mining (ASX:EVN)

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

Overview: Evolution Mining Limited is involved in the exploration, mine development and operation, and sale of gold and gold-copper concentrates in Australia and Canada, with a market cap of A$25.62 billion.

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

Dividend Yield: 3.2%

Evolution Mining's dividend yield of 3.17% is below the top 25% of Australian dividend payers, yet its payout ratios of 49.9% for earnings and 69.7% for cash flows suggest dividends are well-covered. Despite a history of volatility, dividends have grown over the past decade. The company's involvement in the Nevada North Lithium Project indicates potential future growth avenues, though its unstable dividend track record may concern some investors seeking reliability in income streams.

• Delve into the full analysis dividend report here for a deeper understanding of Evolution Mining.
• The analysis detailed in our Evolution Mining valuation report hints at an inflated share price compared to its estimated value.

Summing It All Up

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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.