3 Reliable Dividend Stocks With Up To 6.4% Yield

As global markets react to easing inflation and strong earnings reports, major U.S. stock indexes have rebounded, with value stocks outperforming growth shares significantly. Amid this backdrop of optimism and cautious rate expectations, investors are increasingly turning their attention to dividend stocks, which can offer a stable income stream and potentially attractive yields in times of economic uncertainty.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.11%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.32%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.48%	★★★★★★
CAC Holdings (TSE:4725)	4.68%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.49%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.13%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.47%	★★★★★★
Nihon Parkerizing (TSE:4095)	4.03%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.93%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.89%	★★★★★★

Click here to see the full list of 1981 stocks from our Top Dividend Stocks screener.

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

TangShan Port GroupLtd (SHSE:601000)

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

Overview: TangShan Port Group Co., Ltd, along with its subsidiaries, offers transportation and warehousing services in China and has a market capitalization of approximately CN¥25.96 billion.

Operations: TangShan Port Group Co., Ltd's revenue segments include transportation and warehousing services in China.

Dividend Yield: 4.6%

TangShan Port Group Ltd's dividend yield of 4.57% places it in the top 25% of CN market dividend payers, though its dividends have been volatile over the past decade. Despite this instability, dividends are covered by earnings and cash flows with payout ratios around 60%. Trading at a discount to its estimated fair value, the stock presents a relatively good value proposition. Recent earnings showed slight declines in revenue and net income compared to last year.

• Dive into the specifics of TangShan Port GroupLtd here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that TangShan Port GroupLtd is trading behind its estimated value.

Jiangsu Changbao SteeltubeLtd (SZSE:002478)

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

Overview: Jiangsu Changbao Steeltube Co., Ltd manufactures and sells steel tubes both in the People's Republic of China and internationally, with a market cap of CN¥4.54 billion.

Operations: The company generates revenue of CN¥5.77 billion from the production and sales of seamless steel pipes.

Dividend Yield: 5.5%

Jiangsu Changbao Steeltube Ltd offers a dividend yield of 5.53%, ranking it among the top 25% of CN market payers, but its dividends have been volatile and not well covered by free cash flows, with a high cash payout ratio of 252.6%. Despite earnings being sufficient to cover payouts with a low payout ratio of 43.7%, recent earnings revealed declines in revenue and net income, impacting dividend sustainability. The company recently completed a share buyback program worth CNY 30.06 million.

• Get an in-depth perspective on Jiangsu Changbao SteeltubeLtd's performance by reading our dividend report here.
• The valuation report we've compiled suggests that Jiangsu Changbao SteeltubeLtd's current price could be quite moderate.

Suofeiya Home Collection (SZSE:002572)

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

Overview: Suofeiya Home Collection Co., Ltd. is involved in the research, development, manufacturing, and sale of furniture products in China with a market cap of CN¥14.99 billion.

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

Dividend Yield: 6.4%

Suofeiya Home Collection offers a dividend yield of 6.43%, placing it in the top 25% of CN market payers. The company's dividends have been stable and growing over the past decade, though they are not well covered by free cash flows, with a high cash payout ratio of 1905.7%. Despite trading at good value compared to peers, recent earnings showed declines in revenue and net income, which may affect future dividend sustainability.

• Click to explore a detailed breakdown of our findings in Suofeiya Home Collection's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Suofeiya Home Collection shares in the market.

Key Takeaways

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1978 more companies for you to explore.Click here to unveil our expertly curated list of 1981 Top Dividend Stocks.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

Interested In Other Possibilities?

• 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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