Top Dividend Stocks To Boost Your Portfolio

As global markets experience heightened volatility and economic slowdown concerns, investors are increasingly seeking stability in their portfolios. Dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive option in uncertain times. In the current market environment, characterized by fluctuating indices and sector-specific declines, selecting dividend stocks with strong fundamentals and consistent payout histories becomes crucial.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Ping An Bank (SZSE:000001)	7.41%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.01%	★★★★★★
Globeride (TSE:7990)	4.44%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.26%	★★★★★★
Innotech (TSE:9880)	4.88%	★★★★★★
CAC Holdings (TSE:4725)	4.63%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.74%	★★★★★★
James Latham (AIM:LTHM)	5.92%	★★★★★★
GakkyushaLtd (TSE:9769)	4.49%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.86%	★★★★★★

Click here to see the full list of 2131 stocks from our Top Dividend Stocks screener.

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

Adaro Energy Indonesia (IDX:ADRO)

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

Overview: PT Adaro Energy Indonesia Tbk, with a market cap of IDR118.42 trillion, operates in the coal and mining sector in Indonesia through its subsidiaries.

Operations: Adaro Energy Indonesia's revenue segments include Coal Mining and Trading ($5.87 billion) and Logistics ($549.51 million).

Dividend Yield: 10%

Adaro Energy Indonesia's dividend yield stands at 9.96%, placing it in the top 25% of dividend payers in the Indonesian market. Despite a reasonable cash payout ratio of 54.3% and a low earnings payout ratio of 27.1%, its dividends have been volatile over the past decade, making them unreliable. Recent earnings show a decline with net income dropping to US$778.77 million for H1 2024 from US$873.84 million a year ago, potentially impacting future payouts further.

• Take a closer look at Adaro Energy Indonesia's potential here in our dividend report.
• The valuation report we've compiled suggests that Adaro Energy Indonesia's current price could be quite moderate.

United Capital (NGSE:UCAP)

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

Overview: United Capital Plc, with a market cap of NGN324 billion, offers investment banking, portfolio management, securities trading, and trusteeship services in Nigeria.

Operations: United Capital Plc generates revenue from brokerage services, amounting to NGN23.88 billion.

Dividend Yield: 3.3%

United Capital's dividend payments are well-covered by both earnings (payout ratio: 74.7%) and cash flows (cash payout ratio: 5.2%), though they have been volatile over the past decade with occasional drops exceeding 20%. The company's recent earnings report showed significant growth, with net income rising to NGN 7.74 billion for H1 2024 from NGN 4.69 billion a year ago, indicating strong financial health despite a lower-than-top-tier dividend yield of 3.33%.

• Dive into the specifics of United Capital here with our thorough dividend report.
• According our valuation report, there's an indication that United Capital's share price might be on the expensive side.

Qingdao Weflo Valve (SZSE:002871)

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

Overview: Qingdao Weflo Valve Co., Ltd. designs and manufactures valve and fire hydrant products globally, with a market cap of CN¥1.66 billion.

Operations: Qingdao Weflo Valve Co., Ltd. generates revenue from the design and manufacture of valve and fire hydrant products worldwide.

Dividend Yield: 3.5%

Qingdao Weflo Valve's dividend payments are covered by earnings (payout ratio: 61.7%) and cash flows (cash payout ratio: 77.7%). The company has been paying dividends for six years, with a current yield of 3.53%, placing it in the top 25% of CN market dividend payers. However, its share price has been highly volatile recently, and the latest earnings report showed a decline in both sales (CNY 241.12 million) and net income (CNY 51.26 million).

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

Taking Advantage

• Unlock our comprehensive list of 2131 Top Dividend Stocks by clicking here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Ready For A Different Approach?

• 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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