3 Dividend Stocks Yielding Up To 5.6% To Boost Your Portfolio

In a week marked by mixed returns and notable sell-offs in tech-heavy indices, investors are turning their attention to more stable income-generating opportunities. With economic data presenting a varied picture of consumer and business health, dividend stocks can provide a reliable source of income amidst market volatility. When selecting dividend stocks, it’s essential to consider companies with strong fundamentals and consistent payout histories. In the current market environment, these attributes can help bolster your portfolio's resilience while providing steady returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	3.68%	★★★★★★
Allianz (XTRA:ALV)	5.27%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.27%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.89%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.28%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.60%	★★★★★★
KurimotoLtd (TSE:5602)	4.39%	★★★★★★
E J Holdings (TSE:2153)	3.59%	★★★★★★
DoshishaLtd (TSE:7483)	3.49%	★★★★★★
Innotech (TSE:9880)	4.21%	★★★★★★

Click here to see the full list of 1978 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Tempo Scan Pacific (IDX:TSPC)

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

Overview: PT Tempo Scan Pacific Tbk operates in the pharmaceuticals, personal care and cosmetics, and distribution services sectors both in Indonesia and internationally, with a market cap of IDR10.28 billion.

Operations: PT Tempo Scan Pacific Tbk's revenue segments include pharmaceuticals, personal care and cosmetics, and distribution services.

Dividend Yield: 5.5%

PT Tempo Scan Pacific Tbk reported improved earnings for the half year ending June 30, 2024, with sales of IDR 6.78 trillion and net income of IDR 821.05 billion. Despite a reasonably low payout ratio of 43.2% and cash payout ratio of 47.1%, the company's dividend payments have been volatile over the past decade, making them unreliable for consistent income seekers. The stock trades at a slight discount to its estimated fair value but offers a lower dividend yield compared to top market payers in Indonesia.

• Click to explore a detailed breakdown of our findings in Tempo Scan Pacific's dividend report.
• Our valuation report unveils the possibility Tempo Scan Pacific's shares may be trading at a discount.

Shanghai Bairun Investment Holding Group (SZSE:002568)

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

Overview: Shanghai Bairun Investment Holding Group Co., Ltd. (SZSE:002568) operates in the beverage industry and has a market cap of CN¥18.59 billion.

Operations: Shanghai Bairun Investment Holding Group Co., Ltd. (SZSE:002568) generates its revenue primarily from the beverage industry.

Dividend Yield: 5.6%

Shanghai Bairun Investment Holding Group's half-year earnings report shows a slight decline in sales and net income, with CNY 1.63 billion in sales and CNY 402.46 million in net income. The company has repurchased shares worth CNY 100.01 million, indicating shareholder value initiatives. However, its dividend payments are not covered by free cash flows and have been volatile over the past decade despite a reasonable payout ratio of 58.6%. The current dividend yield is among the top quartile in China but remains unreliable for consistent income seekers due to historical volatility and coverage issues.

• Click here to discover the nuances of Shanghai Bairun Investment Holding Group with our detailed analytical dividend report.
• Our valuation report here indicates Shanghai Bairun Investment Holding Group may be undervalued.

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¥5.26 billion.

Operations: Boai NKY Medical Holdings Ltd. generates revenue from its fine chemical and medical care businesses in China and internationally.

Dividend Yield: 5.7%

Boai NKY Medical Holdings' dividend yield of 5.7% ranks in the top 25% of CN market payers, but its sustainability is questionable due to a high cash payout ratio (185.8%) and volatile payments over the past decade. Although earnings grew by 30.5% last year, dividends are not well covered by free cash flows despite a reasonable payout ratio (63.3%). Recent events include a final cash dividend for 2023 and amendments to company bylaws.

• Get an in-depth perspective on Boai NKY Medical Holdings' performance by reading our dividend report here.
• According our valuation report, there's an indication that Boai NKY Medical Holdings' share price might be on the cheaper side.

Make It Happen

• Reveal the 1978 hidden gems among our Top Dividend Stocks screener with a single click here.
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Looking For Alternative Opportunities?

• 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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