3 Top Dividend Stocks With Yields Ranging From 3% To 8.3%

As global markets navigate through a landscape marked by heightened U.S.-China trade tensions and shifting investor focus towards value and small-cap stocks, dividend stocks continue to attract attention for their potential to offer steady returns amidst volatility. In this context, understanding the characteristics of top-performing dividend stocks becomes crucial, especially those offering yields ranging from 3% to 8.3%, which can provide a buffer against market fluctuations and enhance portfolio stability.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Allianz (XTRA:ALV)	5.32%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.11%	★★★★★★
Tsubakimoto Chain (TSE:6371)	3.72%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.54%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.12%	★★★★★★
Globeride (TSE:7990)	3.87%	★★★★★★
James Latham (AIM:LTHM)	5.81%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	5.86%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.60%	★★★★★★
DoshishaLtd (TSE:7483)	3.48%	★★★★★★

Click here to see the full list of 2018 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Abu Qir Fertilizers and Chemical Industries (S.A.E.) (CASE:ABUK)

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

Overview: Abu Qir Fertilizers and Chemical Industries Co. specializes in the production of fertilizers and chemicals, with a market capitalization of approximately EGP 75.65 billion.

Operations: Abu Qir Fertilizers and Chemical Industries Co. generates its revenues primarily from the production and sale of fertilizers and chemicals.

Dividend Yield: 8.3%

Abu Qir Fertilizers and Chemical Industries has demonstrated a strong dividend track record over the past decade, with stable and growing payouts. Despite a recent dip in sales to EGP 14.04 billion from EGP 17.30 billion year-over-year for the nine-month period ending March 2024, net income remained robust at EGP 12.14 million compared to EGP 12.54 million previously. However, the company's dividends are not well-supported by free cash flow, with a cash payout ratio of 213.2%, indicating potential sustainability issues despite a high dividend yield of 8.34%.

• Take a closer look at Abu Qir Fertilizers and Chemical Industries (S.A.E.)'s potential here in our dividend report.
• According our valuation report, there's an indication that Abu Qir Fertilizers and Chemical Industries (S.A.E.)'s share price might be on the cheaper side.

Resources Connection (NasdaqGS:RGP)

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

Overview: Resources Connection, Inc., operating under the Resources Global Professionals brand, offers consulting services to business clients across North America, Europe, and Asia Pacific with a market capitalization of approximately $375.83 million.

Operations: Resources Connection, Inc. generates revenue primarily through its consulting services segment, which brought in $622.90 million.

Dividend Yield: 5%

Resources Connection's recent financial performance shows a decline, with annual sales dropping to US$632.8 million from US$775.64 million and net income falling to US$21.03 million from US$54.36 million. Despite this downturn, the company maintains a high dividend yield of 5%, supported by an earnings payout ratio of 89% and cash payout ratio of 53.8%. The dividend has been stable over the past decade, reflecting reliability even as profitability challenges emerge, evidenced by reduced profit margins year-over-year from 7% to 3.3%.

• Click here to discover the nuances of Resources Connection with our detailed analytical dividend report.
• Our valuation report here indicates Resources Connection may be undervalued.

WaFd (NasdaqGS:WAFD)

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

Overview: WaFd, Inc. serves as the bank holding company for Washington Federal Bank, offering lending, depository, insurance, and other banking services across the United States with a market capitalization of approximately $2.79 billion.

Operations: WaFd, Inc. generates its revenue primarily through its thrift and savings loan institutions segment, totaling approximately $666.87 million.

Dividend Yield: 3%

WaFd's recent financials reveal a mixed scenario for dividend investors. The company reported a modest increase in quarterly net income to US$64.56 million and maintains a consistent dividend, recently declaring US$0.26 per share. Despite this, its annual net interest income has decreased to US$488.02 million from US$526.54 million year-over-year, indicating potential pressure on earnings sustainability. However, WaFd continues its share buyback program robustly, repurchasing shares worth US$9.51 million last quarter under a longstanding initiative since 1995, reinforcing shareholder returns amidst fluctuating profits.

• Click to explore a detailed breakdown of our findings in WaFd's dividend report.
• The valuation report we've compiled suggests that WaFd's current price could be inflated.

Taking Advantage

• Take a closer look at our Top Dividend Stocks list of 2018 companies by clicking here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• 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.

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