UniCredit Joins These 2 Leading Dividend Stocks To Consider

As global markets continue to experience gains, with major indices like the Dow Jones Industrial Average and S&P 500 reaching record highs, investors are increasingly looking at dividend stocks as a stable option amid geopolitical and economic uncertainties. In this context, UniCredit joins two other leading dividend stocks that could be appealing for those seeking consistent income streams in today's dynamic market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
GakkyushaLtd (TSE:9769)	4.70%	★★★★★★
CAC Holdings (TSE:4725)	4.61%	★★★★★★
Yamato Kogyo (TSE:5444)	3.88%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.34%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.89%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.38%	★★★★★★
E J Holdings (TSE:2153)	3.91%	★★★★★★

Click here to see the full list of 1964 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

UniCredit (BIT:UCG)

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

Overview: UniCredit S.p.A. is a commercial bank offering services in Italy, Germany, Central Europe, and Eastern Europe with a market cap of €56.68 billion.

Operations: UniCredit S.p.A. generates its revenue from several regions: €10.88 billion from Italy, €5.27 billion from Germany, €4.29 billion from Central Europe, €2.87 billion from Eastern Europe, and €1.36 billion from Russia.

Dividend Yield: 4.9%

UniCredit's dividend payments have increased over the past decade, but they have been volatile and unreliable. The company's current payout ratio is 30.6%, indicating dividends are well-covered by earnings, with forecasts suggesting a sustainable payout ratio of 59.4% in three years. Despite a low dividend yield of 4.9% compared to top Italian payers, UniCredit's valuation appears favorable as it trades below its estimated fair value and analyst price targets suggest potential stock price growth.

• Dive into the specifics of UniCredit here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that UniCredit is trading behind its estimated value.

Precise Corporation (SET:PCC)

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

Overview: Precise Corporation Public Company Limited operates in the production and distribution of electricity both in Thailand and internationally, with a market cap of THB3.46 billion.

Operations: Precise Corporation's revenue segments include THB458 million from energy investment and renewable energy-related business, THB2.95 billion from power station construction and related services, and THB3.01 billion from the production and distribution of electricity transmission equipment and power utility management.

Dividend Yield: 7.1%

Precise Corporation's dividend yield of 7.09% ranks in the top 25% of Thai market payers, supported by a payout ratio of 74.1% and cash payout ratio of 44.6%, indicating dividends are well-covered by earnings and cash flows. However, its dividend history is less than a decade old with volatility and unreliability over the past two years. Recent earnings growth, with net income rising to THB 93.5 million for Q3, suggests potential stability improvements ahead.

• Take a closer look at Precise Corporation's potential here in our dividend report.
• Our expertly prepared valuation report Precise Corporation implies its share price may be lower than expected.

Singapore Airlines (SGX:C6L)

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

Overview: Singapore Airlines Limited, operating under the Singapore Airlines and Scoot brands, offers passenger and cargo air transportation services across East Asia, the Americas, Europe, Southwest Pacific, West Asia, and Africa with a market cap of SGD18.79 billion.

Operations: Singapore Airlines Limited generates revenue primarily from its Full Service Carrier (SGD16.52 billion), Low-Cost Carrier (SGD2.41 billion), and Engineering Services (SGD1.16 billion) segments.

Dividend Yield: 7.6%

Singapore Airlines' dividend yield of 7.59% places it among the top 25% in Singapore, with a payout ratio of 86% and cash payout ratio of 47.8%, indicating solid coverage by earnings and cash flows. Despite a history of volatility over the past decade, dividends have grown. Recent interim dividend declaration aligns with stable financial practices, though declining net income to S$742 million for H1 suggests caution as earnings are forecasted to decrease significantly.

• Get an in-depth perspective on Singapore Airlines' performance by reading our dividend report here.
• The valuation report we've compiled suggests that Singapore Airlines' current price could be quite moderate.

Turning Ideas Into Actions

• Click through to start exploring the rest of the 1961 Top Dividend Stocks now.
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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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