Highlighting Cargotec And Two Other Top Dividend Stocks

As global markets navigate the impact of rising U.S. Treasury yields and tepid economic growth, investors are increasingly focused on strategies that can provide stability and income in uncertain times. In this context, dividend stocks like Cargotec stand out for their potential to offer consistent returns through regular payouts, making them an attractive option for those seeking to balance risk with steady income amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.31%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.10%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.90%	★★★★★★
Innotech (TSE:9880)	4.73%	★★★★★★
Southside Bancshares (NasdaqGS:SBSI)	4.47%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.04%	★★★★★★
James Latham (AIM:LTHM)	6.13%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.88%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.85%	★★★★★★

Click here to see the full list of 2037 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Cargotec (HLSE:CGCBV)

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

Overview: Cargotec Corporation offers cargo handling solutions and services across various regions, including Finland, Europe, the Middle East, Africa, the United States, the Americas, China, and Asia-Pacific countries with a market cap of €3.64 billion.

Operations: Cargotec Corporation's revenue segments include Hiab, generating €1.69 billion, and MacGregor, contributing €832.10 million.

Dividend Yield: 3.8%

Cargotec offers a stable dividend with a yield of 3.77%, supported by low payout ratios, ensuring sustainability. Over the past decade, dividends have shown growth and stability. Despite trading below estimated fair value, recent earnings showed a decline in net income for Q3 to €44.6 million from €107.2 million year-over-year, which may impact future dividend prospects as earnings are forecasted to decline by an average of 6.8% annually over the next three years.

• Delve into the full analysis dividend report here for a deeper understanding of Cargotec.
• Insights from our recent valuation report point to the potential undervaluation of Cargotec shares in the market.

Shenzhen Aisidi (SZSE:002416)

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

Overview: Shenzhen Aisidi Co., Ltd. offers digital distribution and retail services both in China and internationally, with a market cap of CN¥14.97 billion.

Operations: Shenzhen Aisidi Co., Ltd. generates revenue through its digital distribution and retail services across both domestic and international markets.

Dividend Yield: 3%

Shenzhen Aisidi's dividend yield of 3.01% ranks in the top 25% of CN market payers, supported by a reasonable earnings payout ratio (74.7%) and low cash payout ratio (39.3%). However, its dividend history is unstable with volatility over the past decade. Despite trading at a good value with a price-to-earnings ratio below the market average, recent earnings show mixed results, with net income slightly increasing despite declining sales and revenue figures year-over-year.

• Navigate through the intricacies of Shenzhen Aisidi with our comprehensive dividend report here.
• The analysis detailed in our Shenzhen Aisidi valuation report hints at an deflated share price compared to its estimated value.

Elematec (TSE:2715)

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

Overview: Elematec Corporation engages in the production, design, processing, assembly, and sale of electronic materials, parts, and equipment both in Japan and internationally with a market cap of ¥69.81 billion.

Operations: Elematec Corporation's revenue is primarily derived from Japan (¥134.88 billion), followed by China (¥57.04 billion), Other Asia (¥39.95 billion), and Europe and America (¥20.29 billion).

Dividend Yield: 4.3%

Elematec's dividend yield of 4.28% is among the top 25% in Japan, supported by a reasonable earnings payout ratio of 61.6% and a low cash payout ratio of 34.3%, indicating dividends are well-covered by cash flows and earnings. However, its dividend history has been volatile over the past decade. Recent news includes Toyota Tsusho Corporation's proposal to acquire Elematec for ¥40.7 billion, potentially impacting future dividend policies post-acquisition completion in December 2024.

• Unlock comprehensive insights into our analysis of Elematec stock in this dividend report.
• The analysis detailed in our Elematec valuation report hints at an inflated share price compared to its estimated value.

Key Takeaways

• Get an in-depth perspective on all 2037 Top Dividend Stocks by using our screener here.
• 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.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Ready For A Different Approach?

• 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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