3 Reliable Dividend Stocks Yielding Up To 6.3%

As global markets navigate a period of economic uncertainty, with central banks adjusting interest rates and inflationary pressures persisting, investors are increasingly seeking stable income sources. In this context, dividend stocks can offer a reliable stream of income, making them an attractive option for those looking to balance risk and reward in their portfolios amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.12%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
CAC Holdings (TSE:4725)	4.72%	★★★★★★
GakkyushaLtd (TSE:9769)	4.44%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.60%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.36%	★★★★★★
E J Holdings (TSE:2153)	3.85%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.31%	★★★★★★

Click here to see the full list of 1937 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Dubai Islamic Bank P.J.S.C (DFM:DIB)

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

Overview: Dubai Islamic Bank P.J.S.C., along with its subsidiaries, operates in corporate, retail, and investment banking both in the United Arab Emirates and internationally, with a market capitalization of AED48.99 billion.

Operations: Dubai Islamic Bank P.J.S.C.'s revenue segments include AED2.37 billion from Treasury, AED4.59 billion from Consumer Banking, AED3 billion from Corporate Banking, and AED530.10 million from Real Estate Development.

Dividend Yield: 6.4%

Dubai Islamic Bank P.J.S.C. offers a competitive dividend yield, ranking in the top 25% of payers in the AE market, with a payout ratio of 46.6%, indicating dividends are well covered by earnings. Despite recent profit growth and a low price-to-earnings ratio, its dividend history has been volatile and unreliable over the past decade. Additionally, high levels of bad loans (4.8%) and low allowance for them (78%) could pose risks to future stability.

• Dive into the specifics of Dubai Islamic Bank P.J.S.C here with our thorough dividend report.
• According our valuation report, there's an indication that Dubai Islamic Bank P.J.S.C's share price might be on the expensive side.

Motonic (KOSE:A009680)

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

Overview: Motonic Corporation manufactures and sells automotive components worldwide, with a market cap of ₩186.43 billion.

Operations: Motonic Corporation's revenue from Automobile Parts Manufacturing is ₩277.03 billion.

Dividend Yield: 5.2%

Motonic offers an attractive dividend yield, ranking in the top 25% of payers in the KR market, with a payout ratio of 32.7%, indicating dividends are well covered by earnings and cash flows. Despite only five years of dividend history, payments have been stable and growing. The stock trades significantly below its estimated fair value, potentially offering good value for investors. Recent news includes an extension to its buyback plan until December 2025.

• Unlock comprehensive insights into our analysis of Motonic stock in this dividend report.
• Our valuation report here indicates Motonic may be undervalued.

Eagle IndustryLtd (TSE:6486)

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

Overview: Eagle Industry Co., Ltd. and its subsidiaries manufacture, market, and sell mechanical seals, special valves, and other sealed products both in Japan and internationally, with a market cap of ¥87.77 billion.

Operations: Eagle Industry Ltd. generates revenue through its manufacturing, marketing, and sales of mechanical seals, special valves, and other sealed products domestically and internationally.

Dividend Yield: 5%

Eagle Industry Ltd. provides a compelling dividend profile, with a yield of 4.98% placing it among the top 25% in the JP market. The dividends are well-supported by earnings and cash flows, maintaining stability and growth over the past decade. Recent increases in dividend payments further enhance its appeal to income-focused investors. Additionally, Eagle Industry's share buyback program underscores management's commitment to returning value to shareholders while trading significantly below estimated fair value suggests potential investment attractiveness.

• Navigate through the intricacies of Eagle IndustryLtd with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that Eagle IndustryLtd is priced higher than what may be justified by its financials.

Make It Happen

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Ready To Venture Into Other Investment Styles?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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.

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