Discover Changhong Meiling And 2 More Reliable Dividend Stocks

As global markets navigate a landscape of mixed economic signals and fluctuating indices, investors are increasingly turning their attention to reliable dividend stocks for stability. In this article, we will explore Changhong Meiling and two other dependable dividend stocks that offer potential resilience amidst the current market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Yamato Kogyo (TSE:5444)	3.76%	★★★★★★
Allianz (XTRA:ALV)	5.27%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.28%	★★★★★★
Globeride (TSE:7990)	3.78%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.86%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.28%	★★★★★★
James Latham (AIM:LTHM)	5.43%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.62%	★★★★★★
KurimotoLtd (TSE:5602)	4.39%	★★★★★★
E J Holdings (TSE:2153)	3.59%	★★★★★★

Click here to see the full list of 1967 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Changhong Meiling (SZSE:000521)

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

Overview: Changhong Meiling Co., Ltd. operates in the electrical machinery and equipment manufacturing industry both in China and internationally, with a market cap of CN¥7.15 billion.

Operations: Changhong Meiling Co., Ltd. generates revenue primarily from the manufacturing of electrical machinery and equipment both domestically and internationally.

Dividend Yield: 3.6%

Changhong Meiling offers a stable dividend, with payments consistently growing over the past 10 years. Its dividends are well-covered by both earnings and free cash flow, boasting a low payout ratio of 39.9% and a cash payout ratio of 15%. The company recently increased its final cash dividend to CNY 3.00 per 10 shares for both A and B shares for the year 2023, reinforcing its commitment to rewarding shareholders despite recent executive board changes.

• Delve into the full analysis dividend report here for a deeper understanding of Changhong Meiling.
• The analysis detailed in our Changhong Meiling valuation report hints at an deflated share price compared to its estimated value.

Hisense Home Appliances Group (SZSE:000921)

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

Overview: Hisense Home Appliances Group Co., Ltd. manufactures and sells household electrical appliances under various brands, including Hisense, Ronshen, Kelon, Hitachi, and York in China and internationally, with a market cap of approximately CN¥34.93 billion.

Operations: Hisense Home Appliances Group Co., Ltd. generates revenue from the manufacture and sale of household electrical appliances under multiple brands, including Hisense, Ronshen, Kelon, Hitachi, and York.

Dividend Yield: 3.4%

Hisense Home Appliances Group has shown a commitment to rewarding shareholders with a recent dividend increase to RMB 10.13 per 10 shares for the year ended December 2023. The company's dividends are well-covered by earnings (payout ratio: 43.1%) and cash flows (cash payout ratio: 15.7%), indicating sustainability despite an unstable dividend history over the past eight years. Additionally, Hisense completed a share buyback worth CNY 335.32 million, reflecting confidence in its financial health and future prospects.

• Dive into the specifics of Hisense Home Appliances Group here with our thorough dividend report.
• Our expertly prepared valuation report Hisense Home Appliances Group implies its share price may be lower than expected.

Aisan Industry (TSE:7283)

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

Overview: Aisan Industry Co., Ltd. manufactures and sells automotive parts in Japan and internationally, with a market cap of ¥81.87 billion.

Operations: Aisan Industry Co., Ltd.'s revenue segments are comprised of ¥136.96 billion from Asia, ¥113.93 billion from Japan, ¥15.66 billion from Europe, and ¥71.21 billion from the Americas.

Dividend Yield: 3.6%

Aisan Industry's dividend yield of 3.63% places it in the top quartile of JP market payers, and its low payout ratio (29.3%) ensures dividends are well-covered by earnings. Despite a volatile dividend history over the past decade, recent growth in earnings at 33.3% annually and a low cash payout ratio (13.3%) suggest sustainability for future payments, albeit with some caution due to past instability.

• Take a closer look at Aisan Industry's potential here in our dividend report.
• According our valuation report, there's an indication that Aisan Industry's share price might be on the expensive side.

Next Steps

• Get an in-depth perspective on all 1967 Top Dividend Stocks by using our screener here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Curious About Other Options?

• 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