3 stellar ASX dividend stocks to supplement your superannuation 

These are top picks for September.

| More on:

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

For Australians relying on superannuation to fund their retirement, investing in ASX dividend stocks can be a great way to add passive income. 

Following earnings season, many companies have updated their dividend payments, making it an ideal time for investors to consider their options. 

Elderly senior couple counting funds on calculator.

Image source: Getty Images

Dividend investing alongside superannuation

Dividend investing alongside superannuation can provide retirees with an additional source of income and greater flexibility when managing their portfolios. 

While superannuation remains a cornerstone of retirement planning, a carefully selected basket of dividend-paying ASX shares may help generate regular cash flow while also offering the potential for long-term capital growth.

With that in mind, here are three stellar dividend stocks investors may want to consider for income and diversification outside their superannuation.

Harvey Norman Holdings Ltd (ASX: HVN)

Harvey Norman is an attractive dividend stock right now thanks to its relatively high, fully franked dividend yield. 

It also has a solid history of shareholder distributions, and a reasonable payout ratio supported by earnings.

It is expected to pay a yield of over 6% in FY27, well above the ASX 200 average. 

Right now, the consumer discretionary stock is also looking undervalued, meaning that investors could also enjoy strong capital gains in the next year. 

Bell Potter recently placed $5 price target on this ASX dividend stock, indicating 15% upside from current levels. 

APA Group (ASX: APA)

Another strong option to supplement superannuation is APA Group. 

APA Group is a leading Australian energy infrastructure company that owns and operates a large portfolio of gas pipelines, electricity transmission, renewable energy and power-generation assets, making it an important part of Australia's energy system. 

Its essential infrastructure generates relatively stable, long-term cash flows and gives the company opportunities to benefit from Australia's growing energy needs and transition to a lower-carbon energy system.

Right now, it is offering a FY 2027 dividend yield of approximately 5.4%.

Universal Store Holdings Ltd (ASX: UNI)

Universal Store is another great option this month amongst ASX dividend stocks. 

The Universal Store company has multiple businesses under its umbrella – Universal Store, Perfect Stranger, and CTC (with the THRILLS and Worship brands). It sells youth casual fashion apparel.

Based on the previous annual dividend payout of 43 cents per share, the company has a trailing grossed-up dividend yield of over 7%, including franking credits. 

It is also another candidate for strong capital appreciation. 

Its share price closed trading last week at $7.72, however Bell Potter recently placed a $9.70 price target on the company. 

This indicates a healthy upside potential of 25%. 

Motley Fool contributor Aaron Bell has no position in any of the stocks mentioned. The Motley Fool Australia's parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has positions in and has recommended Apa Group and Harvey Norman. The Motley Fool Australia has recommended Universal Store. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

More on Superannuation

Happy wife holding her hands on her husband's shoulders while both look at a laptop.
Superannuation

What Warren Buffett's investing style can teach superannuation investors

I think several of Buffett’s simplest investing principles translate particularly well to building wealth for retirement.

Read more »

Two retirees enjoying each other's company on a pickleball court.
Superannuation

How much do I need in my superannuation to earn $200 a day in passive income?

To earn $200 a day in passive income, how much should my superannuation balance be?

Read more »

Elderly couple using laptop at home while drinking a cup of coffee.
Superannuation

How much superannuation do I need to retire with a $50,000 annual passive income?

Investing your superannuation in quality ASX dividend stocks can provide a reliable passive income stream during retirement.

Read more »

Couple on their laptop in their home kitchen.
Superannuation

What is the average Australian superannuation balance at age 60?

Let's look at the latest numbers and see how you compare.

Read more »

Hand putting coins in a glass jar that says retirement, with a retro alarm clock on the other side, and piles of increasing coins in the middle.
Superannuation

How much is needed in superannuation to target a $60,000 annual passive income?

Here’s what it takes for $60,000 of yearly dividend income…

Read more »

Australian dollar notes in the pocket of a man's jeans, symbolising dividends.
Superannuation

The average superannuation balance for 45-year-olds in Australia in FY26. How does yours compare?

On average, people are falling short in their retirement savings.

Read more »

Elderly couple using laptop at home while drinking a cup of coffee.
Superannuation

3 ASX ETFs that are a perfect compliment to your superannuation

This three-fund portfolio balances income and defensive equities.

Read more »

surprised asx investor appearing incredulous at hearing asx share price
Superannuation

How much is needed in superannuation for $1,000 in weekly passive income?

Find out what it would take to earn this level of passive income.

Read more »