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Discover 3 Top Dividend Stocks For Steady Income
Reviewed by Simply Wall St
In a week marked by significant economic reports and fluctuating stock indices, global markets have shown mixed performance, with the U.S. major indexes finishing mostly lower amid an exceptionally busy earnings period. As growth stocks lagged behind value shares and small-caps outperformed large-caps, investors are increasingly turning their attention to dividend stocks as a potential source of steady income amidst these volatile conditions. In such an environment, a good dividend stock is typically characterized by its ability to provide consistent payouts and demonstrate resilience in the face of economic uncertainty.
Top 10 Dividend Stocks
Name | Dividend Yield | Dividend Rating |
Tsubakimoto Chain (TSE:6371) | 4.25% | ★★★★★★ |
Mitsubishi Shokuhin (TSE:7451) | 3.85% | ★★★★★★ |
Guaranty Trust Holding (NGSE:GTCO) | 6.72% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 3.06% | ★★★★★★ |
China South Publishing & Media Group (SHSE:601098) | 4.45% | ★★★★★★ |
Guangxi LiuYao Group (SHSE:603368) | 3.20% | ★★★★★★ |
CAC Holdings (TSE:4725) | 4.62% | ★★★★★★ |
Business Brain Showa-Ota (TSE:9658) | 4.18% | ★★★★★★ |
GakkyushaLtd (TSE:9769) | 4.63% | ★★★★★★ |
DoshishaLtd (TSE:7483) | 3.83% | ★★★★★★ |
Click here to see the full list of 2017 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
People's Insurance Company (Group) of China (SEHK:1339)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: The People's Insurance Company (Group) of China Limited is an investment holding company that offers insurance products and services in the People’s Republic of China and Hong Kong, with a market cap of approximately HK$331.14 billion.
Operations: The People's Insurance Company (Group) of China Limited generates revenue through its diverse portfolio of insurance products and services across the People’s Republic of China and Hong Kong.
Dividend Yield: 3.3%
People's Insurance Company (Group) of China has shown strong earnings growth, with net income reaching CNY 36.33 billion for the first nine months of 2024, up from CNY 20.50 billion a year ago. Despite its low dividend yield of 3.33% compared to peers, dividends are well-covered by earnings and cash flows due to a payout ratio of 25.3% and cash payout ratio of 6.6%. However, its dividend history is volatile over the past decade.
- Navigate through the intricacies of People's Insurance Company (Group) of China with our comprehensive dividend report here.
- Our expertly prepared valuation report People's Insurance Company (Group) of China implies its share price may be lower than expected.
Qingdao Port International (SEHK:6198)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Qingdao Port International Co., Ltd. operates the Port of Qingdao and has a market cap of HK$57.41 billion.
Operations: Qingdao Port International Co., Ltd. generates its revenue from various segments including container handling, bulk cargo handling, logistics and port value-added services.
Dividend Yield: 5.7%
Qingdao Port International's dividend payments have been volatile over the past decade, despite a low payout ratio of 37.1% suggesting strong earnings coverage. The cash payout ratio stands at 78.6%, indicating dividends are supported by cash flows as well. Trading at a favorable price-to-earnings ratio of 6.6x compared to the Hong Kong market average, its recent net income for nine months reached CNY 3.93 billion, showing stable financial performance amidst executive changes and index inclusion events.
- Unlock comprehensive insights into our analysis of Qingdao Port International stock in this dividend report.
- Our comprehensive valuation report raises the possibility that Qingdao Port International is priced lower than what may be justified by its financials.
Boai NKY Medical Holdings (SZSE:300109)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Boai NKY Medical Holdings Ltd. operates in the fine chemical and medical care sectors both in China and internationally, with a market cap of CN¥6.62 billion.
Operations: Boai NKY Medical Holdings Ltd. generates revenue from its operations in the fine chemical and medical care industries, serving both domestic and international markets.
Dividend Yield: 4.9%
Boai NKY Medical Holdings offers a high dividend yield of 4.88%, ranking in the top 25% of CN market payers, but its dividends have been volatile and not well-covered by cash flows, with a high cash payout ratio of 258.4%. Despite this, the payout ratio of 77% indicates coverage by earnings. The company's price-to-earnings ratio is attractive at 16.6x compared to the broader CN market average, suggesting potential value for investors seeking dividend income amidst recent declines in revenue and net income.
- Delve into the full analysis dividend report here for a deeper understanding of Boai NKY Medical Holdings.
- Upon reviewing our latest valuation report, Boai NKY Medical Holdings' share price might be too optimistic.
Taking Advantage
- Reveal the 2017 hidden gems among our Top Dividend Stocks screener with a single click 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.
- Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.
Contemplating Other Strategies?
- 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.
Valuation is complex, but we're here to simplify it.
Discover if Qingdao Port International might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.
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About SEHK:6198
Flawless balance sheet average dividend payer.