Stock Analysis

Discover 3 Top Dividend Stocks To Consider

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As global markets react to rising U.S. Treasury yields and the Federal Reserve's cautious approach to rate cuts, investors are navigating a landscape marked by mixed economic signals and modest equity performance. In such an environment, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those looking to balance growth with steady returns.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)6.94%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)5.08%★★★★★★
Globeride (TSE:7990)4.02%★★★★★★
Intelligent Wave (TSE:4847)3.93%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.90%★★★★★★
CAC Holdings (TSE:4725)4.60%★★★★★★
Premier Financial (NasdaqGS:PFC)5.00%★★★★★★
Kwong Lung Enterprise (TPEX:8916)6.35%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.87%★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)4.93%★★★★★★

Click here to see the full list of 2013 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Zhongshan Broad-Ocean Motor (SZSE:002249)

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

Overview: Zhongshan Broad-Ocean Motor Co., Ltd. operates in the motor systems business in China, with a market cap of CN¥13.63 billion.

Operations: Zhongshan Broad-Ocean Motor Co., Ltd. generates its revenue from the motor systems business in China.

Dividend Yield: 3.3%

Zhongshan Broad-Ocean Motor has shown a mixed performance for dividend investors. Despite a strong earnings growth of CNY 670.59 million for the nine months ended September 2024, its dividend history is unstable with notable volatility over the past decade. The payout ratio of 59.5% indicates dividends are covered by earnings, and a low cash payout ratio of 30.3% suggests good coverage by cash flows. However, recent dividend decreases highlight potential reliability concerns despite being in the top tier of CN market yields at 3.28%.

SZSE:002249 Dividend History as at Oct 2024

Yantai Zhenghai Biotechnology (SZSE:300653)

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

Overview: Yantai Zhenghai Biotechnology Co., Ltd. is involved in the research, development, production, and marketing of regenerative medical materials in China, with a market cap of CN¥4.19 billion.

Operations: Yantai Zhenghai Biotechnology Co., Ltd. generates its revenue primarily from the research, development, production, and sales of bio-renewable materials, amounting to CN¥383.22 million.

Dividend Yield: 3.3%

Yantai Zhenghai Biotechnology's dividend profile is marked by volatility, despite being in the top 25% of CN market yields at 3.3%. The payout ratio of 86.3% indicates dividends are covered by earnings, and a cash payout ratio of 89% shows coverage by cash flows. However, its unstable dividend history over seven years may be concerning for some investors. Recent earnings show a decline with net income at CNY 125.06 million compared to CNY 148.34 million last year.

SZSE:300653 Dividend History as at Oct 2024

Krosaki Harima (TSE:5352)

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

Overview: Krosaki Harima Corporation, along with its subsidiaries, manufactures and sells refractory and ceramic products both in Japan and internationally, with a market cap of ¥82.11 billion.

Operations: Krosaki Harima Corporation generates revenue through its manufacturing and sale of refractory and ceramic products across domestic and international markets.

Dividend Yield: 3.7%

Krosaki Harima's dividend yield is slightly below the top 25% of JP market payers, with a history of volatility over the past decade. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios at 33.8% and 42.5%, respectively. The stock trades significantly below its estimated fair value, although recent share price volatility may concern some investors. Earnings are expected to grow annually by 5.75%.

TSE:5352 Dividend History as at Oct 2024

Key Takeaways

  • Delve into our full catalog of 2013 Top Dividend Stocks here.
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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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