Inflation-Proof Dividend Stocks: 3 Australian Companies on Watch

Australian dividend stocks with yields above 5% are attracting income-focused investors as global inflation pushes up food and everyday essentials.

Ricegrowers (ASX:SGLLV) is one such stock, a diversified food group behind brands like SunRice and Riviana. With a market cap of around $957 million, it generates revenue from consumer packaged goods, particularly in international markets and Australia/New Zealand. Its stable net profit margins near 3.9% and rising fully franked FY2026 dividend make it an attractive option for investors.

However, recent guidance suggests materially lower FY2027 earnings due to weaker Australian crops and reliance on external funding. Investors should be cautious and do further research before considering Ricegrowers as a set-and-forget income stock.