As an investor, you're always on the lookout for reliable income streams. Dividend stocks are a great way to generate consistent returns, especially in a low-interest-rate environment. Today, we're going to explore three ASX dividend stocks, including Bendigo and Adelaide Bank, that could help you build a solid income portfolio.

1. Bendigo and Adelaide Bank (BEN)
Bendigo and Adelaide Bank is a well-established financial institution with a strong track record of paying dividends. With an annual dividend of 0.63 AUD per share and a yield of 4.67%, BEN offers a solid income stream for investors. The bank's payout ratio of 72.19% indicates that profits are capable of covering the dividend, suggesting that the dividend is sustainable. Additionally, Bendigo and Adelaide Bank's dividend has grown at an average annual rate of approximately 3.5% over the past 12 years, indicating a history of consistent growth.



2. Air New Zealand Limited (AIZ)
Air New Zealand Limited is a reliable dividend payer with a strong yield of 5.14%. The airline has maintained consistent returns to investors, despite facing challenges in the industry. While the dividend yield is attractive, it's essential to consider the sustainability of the dividend, which depends on the company's earnings and cash flow. Air New Zealand's dividend payout ratio and expected growth rate should be evaluated before making an investment decision.



3. BHP Group Limited (BHP)
BHP Group Limited is a mining giant with a dividend yield of 5.54%. The company's strong cash flow and consistent earnings make it an attractive dividend stock. However, like any resource company, BHP's dividend is subject to commodity price fluctuations. Investors should consider the company's payout ratio and expected growth rate when evaluating the sustainability of the dividend.



In conclusion, Bendigo and Adelaide Bank, Air New Zealand Limited, and BHP Group Limited are three ASX dividend stocks worth considering for your income portfolio. However, it's crucial to evaluate each company's payout ratio, expected growth rate, and the sustainability of their dividends before making an investment decision. Diversifying your portfolio with a mix of dividend stocks can help you build a solid income stream and weather market fluctuations.