3 Reliable Dividend Stocks To Consider With At Least 3.4% Yield

As global markets experience a rebound with cooling inflation and strong bank earnings propelling U.S. stocks higher, investors are increasingly looking to dividend stocks as a source of reliable income amidst economic fluctuations. In this environment, selecting dividend stocks with solid yields can provide stability and potential growth, making them an attractive option for those seeking to navigate the current market landscape effectively.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.11%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.33%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.38%	★★★★★★
CAC Holdings (TSE:4725)	4.69%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.49%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.46%	★★★★★★
Nihon Parkerizing (TSE:4095)	4.02%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.68%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.93%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.89%	★★★★★★

Click here to see the full list of 1987 stocks from our Top Dividend Stocks screener.

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

Hyundai G.F. Holdings (KOSE:A005440)

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

Overview: Hyundai G.F. Holdings Co., Ltd. operates in the rental and investment sectors with a market cap of ₩757.69 billion.

Operations: Hyundai G.F. Holdings Co., Ltd. generates revenue primarily through its rental and investment activities.

Dividend Yield: 4%

Hyundai G.F. Holdings offers a dividend yield of 4.02%, placing it in the top 25% of dividend payers in South Korea, with dividends well-covered by earnings and cash flows due to low payout ratios (4.5% and 15%). However, its dividends have been unreliable over the past nine years, showing volatility and an unstable track record. Despite trading at good value compared to peers, forecasted earnings declines pose risks for consistent future payouts.

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

Nippon Beet Sugar ManufacturingLtd (TSE:2108)

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

Overview: Nippon Beet Sugar Manufacturing Co., Ltd. is a Japanese company that produces and sells functional products, with a market capitalization of ¥29.12 billion.

Operations: Nippon Beet Sugar Manufacturing Co., Ltd.'s revenue segments include Sugar at ¥44.58 billion, Feed at ¥12.72 billion, Food at ¥2.68 billion, Real Estate at ¥1.51 billion, and Agricultural Supplies at ¥3.57 billion.

Dividend Yield: 3.4%

Nippon Beet Sugar Manufacturing Ltd. provides a stable dividend, supported by a low payout ratio of 10% and a cash payout ratio of 33.4%, ensuring coverage by both earnings and cash flows. The company's dividends have been reliable and stable over the past decade, although its yield of 3.42% is lower than top-tier Japanese dividend payers. Despite large one-off items affecting financial results, recent guidance suggests continued profitability with expected net sales of ¥66 billion for FY2025.

• Click here to discover the nuances of Nippon Beet Sugar ManufacturingLtd with our detailed analytical dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Nippon Beet Sugar ManufacturingLtd shares in the market.

Aisan Industry (TSE:7283)

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

Overview: Aisan Industry Co., Ltd. manufactures and sells automotive parts both in Japan and internationally, with a market cap of ¥106.90 billion.

Operations: Aisan Industry Co., Ltd.'s revenue is segmented as follows: ¥147.85 billion from Asia, ¥123.83 billion from Japan, ¥16.87 billion from Europe, and ¥74.70 billion from the Americas.

Dividend Yield: 3.7%

Aisan Industry's dividend is supported by a low payout ratio of 30.1% and a cash payout ratio of 27.3%, indicating strong coverage by earnings and cash flows. Although its dividend yield of 3.69% falls short compared to top-tier Japanese payers, the stock trades at an attractive price-to-earnings ratio of 8.9x, below the market average. However, investors should note the company's volatile and unreliable dividend track record over the past decade despite previous increases in payments.

• Take a closer look at Aisan Industry's potential here in our dividend report.
• Our comprehensive valuation report raises the possibility that Aisan Industry is priced lower than what may be justified by its financials.

Taking Advantage

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1984 more companies for you to explore.Click here to unveil our expertly curated list of 1987 Top Dividend Stocks.
• Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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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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