3 Dividend Stocks To Consider With Up To 9.7% Yield

As global markets navigate a landscape marked by rising inflation and fluctuating interest rates, U.S. stock indexes are climbing toward record highs, with growth stocks outperforming value shares. In this environment, dividend stocks can offer a compelling opportunity for investors seeking income and stability amidst market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	5.93%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.69%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.92%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
CAC Holdings (TSE:4725)	4.06%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.92%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.68%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.24%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.27%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.29%	★★★★★★

Click here to see the full list of 1991 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Dream International (SEHK:1126)

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

Overview: Dream International Limited is an investment holding company that designs, develops, manufactures, sells, and trades plush stuffed toys, plastic figures, dolls, die-casting products, and tarpaulin products across various international markets with a market cap of approximately HK$3.89 billion.

Operations: Dream International Limited's revenue is primarily derived from plush stuffed toys (HK$2.69 billion), plastic figures (HK$1.87 billion), and tarpaulin products (HK$322.71 million).

Dividend Yield: 9.7%

Dream International offers a compelling dividend yield of 9.73%, placing it in the top 25% of Hong Kong market payers. The dividend is well-supported by both earnings and cash flows, with payout ratios of 48% and 41.7%, respectively, indicating sustainability. However, the company's dividends have been volatile over the past decade, suggesting potential reliability concerns despite a history of growth. Trading significantly below its estimated fair value may present an attractive opportunity for investors seeking income.

• Unlock comprehensive insights into our analysis of Dream International stock in this dividend report.
• According our valuation report, there's an indication that Dream International's share price might be on the cheaper side.

Shanghai Liangxin ElectricalLTD (SZSE:002706)

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

Overview: Shanghai Liangxin Electrical Co., LTD. is engaged in the research, development, production, and sale of low-voltage electrical apparatus both in China and internationally, with a market capitalization of CN¥7.74 billion.

Operations: Shanghai Liangxin Electrical Co., LTD. generates revenue through its activities in the research, development, production, and sale of low-voltage electrical apparatus across domestic and international markets.

Dividend Yield: 3.4%

Shanghai Liangxin Electrical's dividend yield of 3.38% ranks in the top 25% of the CN market, yet its sustainability is questionable due to a high cash payout ratio of 93.1%. Despite a reasonable earnings payout ratio of 67.6%, dividends have been volatile over the past decade, raising reliability concerns. The stock trades slightly below its fair value estimate, and recent buybacks totaling CNY 200.03 million indicate some shareholder return focus despite dividend inconsistencies.

• Click here to discover the nuances of Shanghai Liangxin ElectricalLTD with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Shanghai Liangxin ElectricalLTD's current price could be quite moderate.

Channel Well TechnologyLtd (TPEX:3078)

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

Overview: Channel Well Technology Co., Ltd. is engaged in the manufacturing, processing, trading, and sale of power supplies and electronic components across Taiwan, other parts of Asia, the United States, Europe, and globally with a market capitalization of NT$19.49 billion.

Operations: Channel Well Technology Ltd's revenue primarily comes from the processing, manufacturing, and trading of power supplies, amounting to NT$8.82 billion.

Dividend Yield: 5.5%

Channel Well Technology Ltd. offers a dividend yield of 5.52%, placing it among the top 25% in the TW market, but its sustainability is challenged by a high payout ratio of 95.8% and unreliable dividends over the past decade. Although trading at 34.2% below fair value suggests potential value, volatility in share price and recent board changes may introduce uncertainty for investors prioritizing stable income streams from dividends.

• Take a closer look at Channel Well TechnologyLtd's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that Channel Well TechnologyLtd is priced lower than what may be justified by its financials.

Make It Happen

• Embark on your investment journey to our 1991 Top Dividend Stocks selection 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.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Contemplating Other Strategies?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com