3 Dividend Stocks With Up To 8.1% Yield To Boost Your Portfolio

With global markets buoyed by the prospect of upcoming interest rate cuts and major indices nearing record highs, investors are increasingly looking for stable income sources amid the optimism. In this favorable economic environment, dividend stocks with high yields can be particularly attractive for those seeking to boost their portfolios. A good dividend stock offers not only a robust yield but also stability and potential for capital appreciation, making it a compelling choice in today's dynamic market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Yamato Kogyo (TSE:5444)	4.14%	★★★★★★
Allianz (XTRA:ALV)	4.92%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.99%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.97%	★★★★★★
Mitsubishi Research Institute (TSE:3636)	3.83%	★★★★★★
Innotech (TSE:9880)	4.60%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.38%	★★★★★★
James Latham (AIM:LTHM)	5.94%	★★★★★★
GakkyushaLtd (TSE:9769)	4.37%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.14%	★★★★★★

Click here to see the full list of 2073 stocks from our Top Dividend Stocks screener.

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

United Tractors (IDX:UNTR)

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

Overview: PT United Tractors Tbk, with a market cap of IDR100.60 trillion, operates in Indonesia through the sale and rental of heavy equipment along with its subsidiaries.

Operations: PT United Tractors Tbk generates revenue through several segments, including Energy (IDR345.23 million), Coal Mining (IDR29.76 billion), Gold Mining (IDR6.40 billion), Mining Contracting (IDR68.27 billion), Construction Industry (IDR2.65 billion), and Construction Machinery (IDR52.96 billion).

Dividend Yield: 8.2%

United Tractors, despite a volatile dividend history over the past decade, offers an attractive yield of 8.19%, placing it in the top 25% of dividend payers in Indonesia. The company's dividends are well covered by earnings (payout ratio: 30.1%) and cash flows (cash payout ratio: 88.5%). However, recent earnings for H1 2024 showed a decline with net income at IDR 9.53 trillion compared to IDR 11.22 trillion last year, indicating potential challenges ahead for sustaining dividends at current levels.

• Get an in-depth perspective on United Tractors' performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of United Tractors shares in the market.

Hailir Pesticides and Chemicals GroupLtd (SHSE:603639)

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

Overview: Hailir Pesticides and Chemicals Group Co., Ltd. (ticker: SHSE:603639) operates in the agricultural chemicals industry, focusing on the production and sale of pesticides with a market cap of CN¥4.20 billion.

Operations: Hailir Pesticides and Chemicals Group Co., Ltd. (ticker: SHSE:603639) generates revenue primarily from the production and sale of pesticides.

Dividend Yield: 3.9%

Hailir Pesticides and Chemicals Group Ltd. has a mixed dividend profile. Despite a relatively short history of six years, its dividends have grown but remain unstable and volatile. The company’s recent earnings report showed a decline, with net income dropping to CNY 162.12 million from CNY 330.78 million the previous year. However, dividends are well covered by earnings (payout ratio: 41.3%) and cash flows (cash payout ratio: 85.4%), making it an option worth considering for dividend investors seeking high yield in the CN market.

• Click to explore a detailed breakdown of our findings in Hailir Pesticides and Chemicals GroupLtd's dividend report.
• Upon reviewing our latest valuation report, Hailir Pesticides and Chemicals GroupLtd's share price might be too pessimistic.

Jiu Han System Technology (TPEX:6903)

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

Overview: Jiu Han System Technology Co., Ltd. provides engineering services and has a market cap of NT$11.13 billion.

Operations: Jiu Han System Technology Co., Ltd. generates NT$3.10 billion in revenue from its engineering services segment.

Dividend Yield: 5.6%

Jiu Han System Technology's dividend profile is promising but nascent. The company’s dividends are well-covered, with a payout ratio of 79.9% and a cash payout ratio of 54.3%. Despite being in the top 25% of dividend payers in Taiwan, the dividend track record is too short to judge stability or growth. Recent earnings showed increased sales (TWD 937.63 million) but decreased net income (TWD 182.05 million), highlighting some financial volatility.

• Take a closer look at Jiu Han System Technology's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that Jiu Han System Technology is trading behind its estimated value.

Next Steps

• Click through to start exploring the rest of the 2070 Top Dividend Stocks now.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
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Seeking Other Investments?

• 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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