Top 3 Dividend Stocks For Reliable Income

In a week marked by mixed performances across major global indices, with growth stocks leading the charge while value segments lagged behind, investors are increasingly looking for stability amid economic uncertainties and geopolitical shifts. As central banks around the world weigh interest rate decisions and economic data shows varied signals, dividend stocks stand out as a potential source of reliable income due to their ability to provide consistent returns even in volatile markets.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.13%	★★★★★★
CAC Holdings (TSE:4725)	4.68%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.18%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.99%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.33%	★★★★★★
E J Holdings (TSE:2153)	3.87%	★★★★★★
DoshishaLtd (TSE:7483)	3.81%	★★★★★★

Click here to see the full list of 1932 stocks from our Top Dividend Stocks screener.

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

Guangdong Chj IndustryLtd (SZSE:002345)

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

Overview: Guangdong Chj Industry Co., Ltd. produces and sells jewelry and fashion consumer goods, with a market cap of CN¥5.13 billion.

Operations: Guangdong Chj Industry Co., Ltd. generates revenue from the production and sale of jewelry and fashion consumer goods.

Dividend Yield: 3.4%

Guangdong Chj Industry Ltd. offers a dividend yield of 3.37%, placing it in the top quartile among CN market dividend payers. The dividends are well-covered by cash flows with a cash payout ratio of 42.7%, though earnings coverage is tighter at 90%. Despite an increase in dividend payments over the past decade, their track record remains volatile, which could pose sustainability concerns for some investors. Recent board changes may influence future strategic directions.

• Click here to discover the nuances of Guangdong Chj IndustryLtd with our detailed analytical dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Guangdong Chj IndustryLtd shares in the market.

Beijing Sanlian Hope Shin-Gosen Technical Service (SZSE:300384)

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

Overview: Beijing Sanlian Hope Shin-Gosen Technical Service Co., Ltd. operates in the technical services sector and has a market cap of CN¥5.54 billion.

Operations: Unfortunately, the provided business operations text does not include specific revenue segment details for Beijing Sanlian Hope Shin-Gosen Technical Service Co., Ltd.

Dividend Yield: 3.1%

Beijing Sanlian Hope Shin-Gosen Technical Service has a dividend yield of 3.12%, ranking in the top 25% among CN market dividend payers. Dividends are covered by earnings and cash flows with payout ratios of 71.7% and 69.8%, respectively, indicating sustainability despite a historically unstable track record. Recent earnings growth, with net income rising to CNY 260.74 million for the first nine months of 2024, supports future dividend payments but past volatility remains a concern for investors seeking stability.

• Get an in-depth perspective on Beijing Sanlian Hope Shin-Gosen Technical Service's performance by reading our dividend report here.
• According our valuation report, there's an indication that Beijing Sanlian Hope Shin-Gosen Technical Service's share price might be on the cheaper side.

Hagihara Industries (TSE:7856)

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

Overview: Hagihara Industries Inc., with a market cap of ¥19.57 billion, operates through its subsidiaries to manufacture and sell flat yarns in Japan.

Operations: Hagihara Industries Inc. generates revenue primarily from its Synthetic Resin Processed Products Business, contributing ¥26.59 billion, and Machinery Products, which account for ¥6.20 billion.

Dividend Yield: 3.2%

Hagihara Industries offers a 3.16% dividend yield, below the top 25% in Japan. Despite stable and growing dividends over the past decade, they're not covered by free cash flow and profit margins have declined from last year. However, with a payout ratio of 45.7%, dividends are well-covered by earnings. The company's P/E ratio of 14.4x suggests it's undervalued compared to the industry average, but investors should note upcoming earnings announcements on Dec 10, 2024.

• Delve into the full analysis dividend report here for a deeper understanding of Hagihara Industries.
• Our expertly prepared valuation report Hagihara Industries implies its share price may be too high.

Taking Advantage

• Gain an insight into the universe of 1932 Top Dividend Stocks by clicking here.
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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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