3 Dividend Stocks To Consider With Up To 8.4% Yield

As global markets react to recent interest rate cuts by the ECB and SNB, and with expectations rising for a Fed rate cut, investors are navigating a landscape marked by mixed index performances and economic indicators. Amidst these fluctuations, dividend stocks can offer a measure of stability and income potential, particularly in an environment where growth stocks have been outperforming value stocks. In this context, selecting dividend stocks with solid yields can be an effective strategy for those seeking consistent returns amidst broader market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.05%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.58%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.27%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.22%	★★★★★★
Yamato Kogyo (TSE:5444)	4.05%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.93%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.65%	★★★★★★
E J Holdings (TSE:2153)	3.88%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.67%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.42%	★★★★★★

Click here to see the full list of 1847 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Mashreqbank PSC (DFM:MASQ)

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

Overview: Mashreqbank PSC offers a range of banking and financial services to individuals and small businesses, with a market cap of AED43.73 billion.

Operations: Mashreqbank PSC's revenue segments include Retail at AED4.23 billion, Wholesale Banking at AED4.86 billion, Insurance & Others at AED1.62 billion, and Treasury and Capital Markets at AED1.29 billion.

Dividend Yield: 8.5%

Mashreqbank PSC offers a dividend yield of 8.49%, placing it in the top 25% of dividend payers in the AE market. The bank's low price-to-earnings ratio (5.1x) suggests good value compared to peers, yet its dividends have been volatile over the past decade. Despite this, dividends are currently well-covered by earnings with a payout ratio of 43.2% and are expected to remain sustainable with a forecasted payout ratio of 51.3% in three years.

• Click to explore a detailed breakdown of our findings in Mashreqbank PSC's dividend report.
• Our valuation report here indicates Mashreqbank PSC may be undervalued.

Berner Kantonalbank (SWX:BEKN)

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

Overview: Berner Kantonalbank AG provides banking products and services to private individuals and corporate customers in Switzerland, with a market cap of CHF 2.16 billion.

Operations: Berner Kantonalbank AG generates revenue of CHF 539.60 million from its banking segment, serving both private individuals and corporate clients in Switzerland.

Dividend Yield: 4.3%

Berner Kantonalbank provides a stable and reliable dividend with consistent growth over the past decade. Its payout ratio of 52.8% indicates dividends are comfortably covered by earnings, although its yield of 4.27% is slightly below the top quartile in Switzerland. The bank's price-to-earnings ratio of 12.4x suggests it offers good value relative to the Swiss market average, making it an appealing choice for dividend-focused investors seeking stability and modest growth potential without high volatility risks.

• Click here to discover the nuances of Berner Kantonalbank with our detailed analytical dividend report.
• Our expertly prepared valuation report Berner Kantonalbank implies its share price may be too high.

Enshu TruckLtd (TSE:9057)

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

Overview: Enshu Truck Co., Ltd. offers logistics services in Japan and has a market cap of ¥18.51 billion.

Operations: Enshu Truck Co., Ltd. generates its revenue primarily from its Logistics Business segment, which accounts for ¥47.84 billion.

Dividend Yield: 3.8%

Enshu Truck Ltd. offers a stable dividend with consistent growth over the past decade, supported by a low payout ratio of 31.2%, ensuring coverage by earnings. The cash payout ratio of 71.9% indicates dividends are also covered by cash flows, though slightly higher than ideal for some investors. With a price-to-earnings ratio of 8.2x, it presents good value compared to the broader Japanese market, despite its yield being just below top-tier levels at 3.79%.

• Navigate through the intricacies of Enshu TruckLtd with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Enshu TruckLtd's current price could be inflated.

Summing It All Up

• Dive into all 1847 of the Top Dividend Stocks we have identified here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Seeking Other Investments?

• 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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