Some of the top ASX listed companies are offering stable high dividend yield. Two of such best quality dividend stocks are
Super Retail Group (ASX: SUL)
Super Retail Group delivered an impressive performance this quarter, culminating in record-breaking sales in FY24 and underscoring its status as a retail leader in Australia and New Zealand. A highlight of the year was the significant growth in its loyalty program, reaching 11.5 million active members—a 12% increase year-over-year—with loyalty members now contributing to 77% of the Group’s total sales. Despite inflation-driven cost pressures, revenue growth and a higher gross margin enabled Super Retail Group to effectively mitigate these impacts, driving strong financial, operational, and shareholder outcomes.
FY24 saw notable achievements across the Group, including the opening of its 750th store and the delivery of a 30% total shareholder return. These milestones, achieved in a subdued trading environment, reflect the resilience and adaptability of the Group’s four core brands—Supercheap Auto, rebel, BCF, and Macpac. Super Retail Group’s commitment to investment in both its physical store network and digital capabilities further bolsters its position. With one of the largest active loyalty memberships in the region, the Group has successfully deepened customer engagement and driven sales across its brands. This commitment to customer loyalty is evident in the Group’s investments in personalisation, data analytics, and loyalty programs, which strengthen its customer relationships. The Group, is one of the high dividend stocks having rewarded shareholders with a robust dividend payout, reflecting confidence in its performance. A fully franked final dividend of 37 cents per share was declared, alongside a special dividend of 50 cents per share. With an interim dividend of 32 cents, shareholders received a total dividend of 119 cents per share for FY24.
Looking forward, Super Retail Group acknowledges challenges in FY25, as cost-of-living pressures impact consumer sentiment. Macroeconomic uncertainty remains high due to ongoing economic and geopolitical concerns, signaling an uncertain outlook for the retail sector. Despite these headwinds, the Group remains focused on strategic initiatives, including new store openings, enhancing omni-retailing capabilities, and refining loyalty and personalisation strategies. The Group’s established brands, coupled with experienced leadership, provide a strong foundation for long-term growth. Management remains confident that disciplined execution of its strategic priorities will continue to yield strong shareholder returns over the medium and long term.
Telstra Group Ltd (ASX: TLS)
In FY24, Telstra Group Ltd (ASX: TLS) marked its third straight year of growth in underlying EBITDA, a performance bolstered by notable improvements in return on invested capital. This robust trajectory has enabled Telstra to sustain a compound annual dividend growth rate of 4% over the last three years, while also upholding a solid balance sheet with conservative debt levels. Key contributors to this growth include Telstra’s strong-performing mobiles and infrastructure businesses, which continue to drive impressive results.
The mobile segment continues to excel, generating over $400 million in EBITDA growth in FY24. This growth was driven by Telstra’s expanding customer base, which saw a net increase of more than 560,000 handheld subscribers, alongside a rise in Average Revenue Per User (ARPU). With mobile services revenue climbing 5.6%, the strength of this division has underpinned Telstra’s overall earnings growth, positioning it as a critical driver for future performance. Telstra’s infrastructure businesses also delivered strong results, benefiting from growing demand for connectivity assets. InfraCo Fixed and Amplitel posted combined EBITDA growth of approximately $150 million, underscoring management’s confidence in the long-term potential of Telstra’s infrastructure portfolio. In Fixed Consumer and Small Business, Telstra demonstrated resilience with EBITDA growth of nearly $120 million, achieved through cost discipline and ARPU improvements. The company has been paying dividends consistently to the shareholders.
Overall, Telstra’s underlying EBITDA increased by 3.7% to $8.2 billion, reflecting nearly $300 million in growth. This performance also boosted underlying Net Profit After Tax by 7.5%, reaching $2.3 billion for the year. Telstra’s continued efforts to enhance customer satisfaction have yielded positive outcomes, as evidenced by improvements in the Net Promoter Score and a two-thirds reduction in customer complaints lodged with the Telecommunications Industry Ombudsman over the past three years. Looking ahead, Telstra sees strong tailwinds from emerging technologies, including AI, which is expected to significantly boost Australia’s economy and drive increased demand for telecommunications infrastructure. Telstra’s intercity fibre network is expected to play a pivotal role in meeting these future connectivity needs, while the resilience of its mobile network remains essential in supporting growing data demands.
In FY25, Telstra aims to further strengthen customer experience, maintain financial growth, and enhance value from its leading mobile network and infrastructure assets. Additionally, the company will continue the Enterprise segment’s turnaround efforts while pursuing operational simplification and productivity gains. Telstra’s clear focus on sustainable growth positions it as a strong contender for long-term value creation.
Source: Company’s Report
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