Top Dividend Stocks To Consider For Your Portfolio

As global markets celebrate the prospect of imminent interest rate cuts, with indices like the Dow Jones Industrial Average and S&P 500 moving toward record highs, investors are keenly exploring opportunities to enhance their portfolios. In this favorable economic climate, dividend stocks stand out as a compelling option for those seeking both income and stability. A good dividend stock typically offers consistent payouts and demonstrates financial resilience—qualities that are particularly appealing in today's market environment where broad-based gains and positive economic indicators provide a supportive backdrop.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	4.10%	★★★★★★
Allianz (XTRA:ALV)	4.99%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.01%	★★★★★★
Ping An Bank (SZSE:000001)	6.96%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.26%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.98%	★★★★★★
Mitsubishi Research Institute (TSE:3636)	3.78%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	5.51%	★★★★★★
James Latham (AIM:LTHM)	5.90%	★★★★★★
GakkyushaLtd (TSE:9769)	4.35%	★★★★★★

Click here to see the full list of 2080 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

What's Cooking Group/SA (ENXTBR:WHATS)

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

Overview: What's Cooking Group NV/SA, with a market cap of €162.97 million, produces and sells meat products and ready meals through its subsidiaries.

Operations: What's Cooking Group NV/SA generates revenue from the production and sale of meat products and ready meals.

Dividend Yield: 4.9%

What's Cooking Group NV/SA offers a reliable dividend yield of 4.87%, which, while lower than the top 25% of Belgian dividend payers, has been stable and growing over the past decade. The company's dividends are well-covered by earnings (payout ratio: 51.6%) and free cash flows (cash payout ratio: 15.6%). Recent earnings growth of 195.7% year-over-year underscores strong financial health, with net income rising to €10.12 million for H1 2024 from €2.39 million a year ago.

• Navigate through the intricacies of What's Cooking Group/SA with our comprehensive dividend report here.
• According our valuation report, there's an indication that What's Cooking Group/SA's share price might be on the cheaper side.

Golden Energy Mines (IDX:GEMS)

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

Overview: PT Golden Energy Mines Tbk, through its subsidiaries, engages in coal mining business in Indonesia and has a market cap of approximately IDR76.91 trillion.

Operations: Golden Energy Mines generates revenue primarily from coal mining ($2.78 billion) and coal trading ($43.23 million).

Dividend Yield: 8.3%

Golden Energy Mines has a high dividend yield (8.35%), ranking in the top 25% of Indonesian dividend payers. However, its dividends have been volatile over the past nine years, with significant annual drops. Despite this, dividends are covered by earnings (payout ratio: 47.8%) and cash flows (cash payout ratio: 84.5%). Recent earnings show a slight decline with H1 2024 net income at US$316.92 million compared to US$333.49 million a year ago, indicating some financial stability amidst volatility.

• Dive into the specifics of Golden Energy Mines here with our thorough dividend report.
• The analysis detailed in our Golden Energy Mines valuation report hints at an deflated share price compared to its estimated value.

Hong Leong Industries Berhad (KLSE:HLIND)

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

Overview: Hong Leong Industries Berhad, with a market cap of MYR3.81 billion, is an investment holding company that manufactures and sells consumer and industrial products in Malaysia, Australia, Vietnam, Thailand, Singapore, and internationally.

Operations: Hong Leong Industries Berhad generates MYR2.95 billion in revenue from consumer products and MYR159.42 million from non-reportable segments.

Dividend Yield: 4.5%

Hong Leong Industries Berhad has a dividend payout ratio of 46.2%, indicating dividends are well covered by earnings, and a cash payout ratio of 28.6%, showing strong cash flow coverage. However, its dividend payments have been volatile over the past decade despite an overall increase. Recent Q4 2024 results showed net income rising to MYR 98.33 million from MYR 69.29 million a year ago, suggesting improved financial performance amidst changes in executive leadership.

• Delve into the full analysis dividend report here for a deeper understanding of Hong Leong Industries Berhad.
• Our comprehensive valuation report raises the possibility that Hong Leong Industries Berhad is priced lower than what may be justified by its financials.

Turning Ideas Into Actions

• Click this link to deep-dive into the 2080 companies within our Top Dividend Stocks screener.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Ready To Venture Into Other Investment Styles?

• 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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