3 Dividend Stocks To Consider With Yields Up To 4.2%

As global markets continue to reach record highs, driven by positive sentiment around domestic policies and geopolitical developments, investors are increasingly looking for stable income sources amidst the market's volatility. In this context, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive option for those seeking stability in a dynamic market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.05%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.56%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.22%	★★★★★★
GakkyushaLtd (TSE:9769)	4.71%	★★★★★★
CAC Holdings (TSE:4725)	4.61%	★★★★★★
Yamato Kogyo (TSE:5444)	3.89%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.62%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.90%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.87%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.92%	★★★★★★

Click here to see the full list of 1962 stocks from our Top Dividend Stocks screener.

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

Inner Mongolia Yili Industrial Group (SHSE:600887)

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

Overview: Inner Mongolia Yili Industrial Group Co., Ltd. operates as a leading dairy producer in China with a market capitalization of CN¥181.29 billion.

Operations: Inner Mongolia Yili Industrial Group Co., Ltd. generates its revenue primarily from its operations as a leading dairy producer in China.

Dividend Yield: 4.2%

Inner Mongolia Yili Industrial Group offers a compelling dividend profile, with dividends increasing steadily over the past decade and maintaining stability. The company's payout ratio of 63.8% suggests dividends are well-supported by earnings, while a cash payout ratio of 49.5% indicates strong coverage from cash flows. Despite a recent dip in sales and revenue, net income grew to CNY 10.87 billion for the first nine months of 2024, supporting its attractive dividend yield in the top tier of the CN market.

• Unlock comprehensive insights into our analysis of Inner Mongolia Yili Industrial Group stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Inner Mongolia Yili Industrial Group is priced lower than what may be justified by its financials.

Bando Chemical Industries (TSE:5195)

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

Overview: Bando Chemical Industries, Ltd., along with its subsidiaries, produces and sells belts and belt-related products across Japan, China, the rest of Asia, Europe, America, and other international markets with a market cap of ¥74.49 billion.

Operations: Bando Chemical Industries, Ltd.'s revenue is primarily derived from its Automotive Parts Business at ¥56.27 billion, Industrial Materials Segment at ¥37.42 billion, and High-Performance Elastomer Products Business at ¥13.91 billion.

Dividend Yield: 4.2%

Bando Chemical Industries offers a notable dividend yield within Japan's top 25% but has faced volatility in payments over the past decade. Despite this, dividends are well-covered by earnings and cash flows, with payout ratios of 28.1% and 39.7%, respectively. The company trades at a significant discount to its estimated fair value and is poised for earnings growth of 13.29% annually. A recent strategic partnership with Inmotive may enhance future prospects in the EV market.

• Delve into the full analysis dividend report here for a deeper understanding of Bando Chemical Industries.
• Upon reviewing our latest valuation report, Bando Chemical Industries' share price might be too pessimistic.

Tsubakimoto Kogyo (TSE:8052)

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

Overview: Tsubakimoto Kogyo Co., Ltd. specializes in the sale of machinery, equipment, parts, and accessories in Japan, with a market cap of ¥35.59 billion.

Operations: Tsubakimoto Kogyo Co., Ltd. generates revenue through its operations in the sale of machinery, equipment, parts, and accessories within Japan.

Dividend Yield: 3.1%

Tsubakimoto Kogyo has maintained stable and growing dividends over the past decade, supported by a low payout ratio of 27.7% and a cash payout ratio of 23.4%. Although its dividend yield of 3.12% is below Japan's top quartile, it remains reliable. The company recently completed a share buyback program worth ¥843.75 million to enhance shareholder returns and capital efficiency, reflecting its commitment to shareholder value amidst trading at a discount to fair value estimates.

• Click here to discover the nuances of Tsubakimoto Kogyo with our detailed analytical dividend report.
• Our expertly prepared valuation report Tsubakimoto Kogyo implies its share price may be lower than expected.

Summing It All Up

• Explore the 1962 names from our Top Dividend Stocks screener here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Looking For Alternative Opportunities?

• 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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