3 Reliable Dividend Stocks With Yields Up To 6%

As global markets navigate a landscape marked by accelerating U.S. inflation and near-record highs in major stock indexes, investors seek stability amidst economic uncertainty. In this context, dividend stocks can offer a reliable income stream, making them an attractive option for those looking to balance growth with consistent returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Chongqing Rural Commercial Bank (SEHK:3618)	8.24%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.54%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.33%	★★★★★★
Daito Trust ConstructionLtd (TSE:1878)	4.05%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.88%	★★★★★★
GakkyushaLtd (TSE:9769)	4.40%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.04%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.43%	★★★★★★
DoshishaLtd (TSE:7483)	3.88%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.54%	★★★★★★

Click here to see the full list of 1983 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

People's Insurance Company (Group) of China (SEHK:1339)

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

Overview: The People's Insurance Company (Group) of China Limited is an investment holding company offering insurance products and services in the People’s Republic of China and Hong Kong, with a market cap of approximately HK$299.51 billion.

Operations: The People's Insurance Company (Group) of China Limited generates revenue primarily through its insurance products and services offered in the People’s Republic of China and Hong Kong.

Dividend Yield: 3.3%

The People's Insurance Company (Group) of China has a low cash payout ratio of 6.6%, indicating strong coverage of dividends by cash flows, and a payout ratio of 25.3%, suggesting sustainability through earnings. Despite this, the dividend yield is relatively low at 3.33% compared to top payers in Hong Kong, and past payments have been volatile with periods of decline exceeding 20%. Recent profit growth may bolster future payouts but earnings are forecasted to decline slightly.

• Delve into the full analysis dividend report here for a deeper understanding of People's Insurance Company (Group) of China.
• Our comprehensive valuation report raises the possibility that People's Insurance Company (Group) of China is priced lower than what may be justified by its financials.

SiS Distribution (Thailand) (SET:SIS)

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

Overview: SiS Distribution (Thailand) Public Company Limited, with a market cap of THB9.11 billion, operates in Thailand distributing computer components, smartphones, and office automation equipment.

Operations: SiS Distribution (Thailand) Public Company Limited generates revenue from various segments, including Phones at THB5.08 billion, Consumer Products at THB8.79 billion, Value Add Products at THB5.25 billion, and Commercial Products at THB6.67 billion.

Dividend Yield: 4.3%

SiS Distribution (Thailand) has announced a proposed dividend of THB 1.12 per share, pending shareholder approval, reflecting consistent growth and reliability over the past decade. With a payout ratio of 56.2%, dividends are well-covered by earnings and cash flows, evidenced by a low cash payout ratio of 27.7%. Despite trading below estimated fair value, its dividend yield of 4.31% is modest compared to top Thai payers but remains stable and sustainable amidst recent revenue growth to THB 28.83 billion in 2024.

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

Suofeiya Home Collection (SZSE:002572)

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

Overview: Suofeiya Home Collection Co., Ltd. is a company that manufactures and sells furniture products in China, with a market cap of CN¥16.01 billion.

Operations: Suofeiya Home Collection Co., Ltd. generates its revenue through the manufacturing and sale of furniture products in China.

Dividend Yield: 6%

Suofeiya Home Collection's dividend yield of 6.02% is among the top 25% in China, supported by a decade of reliable and stable payments. However, with a high cash payout ratio of 1905.7%, dividends are not well-covered by free cash flows, raising sustainability concerns despite being covered by earnings at a 77.2% payout ratio. The stock trades at good value compared to peers and is significantly below its estimated fair value, though recent earnings grew only modestly by 1.4%.

• Dive into the specifics of Suofeiya Home Collection here with our thorough dividend report.
• The analysis detailed in our Suofeiya Home Collection valuation report hints at an deflated share price compared to its estimated value.

Summing It All Up

• Get an in-depth perspective on all 1983 Top Dividend Stocks by using our screener here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Want To Explore Some Alternatives?

• 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