3 Top Dividend Stocks Yielding Up To 4.6%

As global markets continue to navigate the complexities of rising inflation and interest rate uncertainties, U.S. stock indexes are climbing toward record highs, buoyed by investor optimism over trade negotiations and economic resilience. In such a dynamic environment, dividend stocks can offer a stable income stream and potential for capital appreciation, making them an attractive option for investors seeking to balance growth with income stability.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	5.83%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.49%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.90%	★★★★★★
Daito Trust ConstructionLtd (TSE:1878)	4.04%	★★★★★★
CAC Holdings (TSE:4725)	4.00%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.23%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.60%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.36%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.32%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1968 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Planet Technology (TPEX:6263)

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

Overview: Planet Technology Corporation offers IP-based networking products and solutions for small-to-medium-sized businesses, enterprises, and network infrastructures globally, with a market cap of NT$9.56 billion.

Operations: Planet Technology Corporation generates revenue of NT$1.85 billion from its Computer Network Equipment/Furniture & Telecommunication Products segment.

Dividend Yield: 4.7%

Planet Technology offers a dividend yield of 4.7%, positioning it in the top 25% of dividend payers in its market. While dividends have been stable and growing over the past decade, current payments are not well covered by free cash flows, with a high cash payout ratio of 95.7%. The price-to-earnings ratio is favorable at 19.1x compared to the market average, suggesting potential value despite sustainability concerns.

• Dive into the specifics of Planet Technology here with our thorough dividend report.
• The valuation report we've compiled suggests that Planet Technology's current price could be inflated.

FUJIKURA COMPOSITES (TSE:5121)

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

Overview: FUJIKURA COMPOSITES Inc. is involved in the production and sale of industrial rubber components in Japan, with a market cap of ¥27.22 billion.

Operations: FUJIKURA COMPOSITES Inc. generates revenue primarily through its industrial rubber components segment in Japan.

Dividend Yield: 4.4%

Fujikura Composites' dividend yield of 4.44% ranks it among the top 25% of dividend payers in Japan. Despite an unstable dividend history over the past decade, current payouts are well covered by earnings and cash flows, with payout ratios below 30%. Trading significantly below its estimated fair value, it offers a good relative value compared to peers and industry. Earnings are projected to grow annually by 13.24%, potentially supporting future dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of FUJIKURA COMPOSITES.
• Our comprehensive valuation report raises the possibility that FUJIKURA COMPOSITES is priced lower than what may be justified by its financials.

Mitsubishi UFJ Financial Group (TSE:8306)

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

Overview: Mitsubishi UFJ Financial Group, Inc. is a bank holding company involved in diverse financial services across Japan, the United States, Europe, Asia/Oceania, and globally with a market cap of ¥22.48 trillion.

Operations: Mitsubishi UFJ Financial Group's revenue segments include the Global Markets Business at ¥148.62 million, Global Commercial Banking Business Group at ¥999.58 million, Asset Management & Investor Services Business Group at ¥494.84 million, Global Corporate & Investment Banking Business Group at ¥972.65 million, and Japanese Corporate & Investment Banking Business Group at ¥1.10 billion.

Dividend Yield: 3.5%

Mitsubishi UFJ Financial Group's dividend yield of 3.54% is slightly below the top quartile in Japan but remains reliable with consistent growth over the past decade. Recent earnings growth of 33.6% and a low payout ratio of 30% suggest dividends are well covered by earnings, though future coverage data is insufficient. The company trades at a significant discount to its estimated fair value, enhancing its appeal for dividend investors despite ongoing M&A discussions and recent fixed-income offerings totaling $2.25 billion.

• Click here to discover the nuances of Mitsubishi UFJ Financial Group with our detailed analytical dividend report.
• The analysis detailed in our Mitsubishi UFJ Financial Group valuation report hints at an deflated share price compared to its estimated value.

Key Takeaways

• Gain an insight into the universe of 1968 Top Dividend Stocks by clicking here.
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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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