Stock Analysis

3 Dividend Stocks To Enhance Your Portfolio

TASE:POLI
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In a week marked by busy earnings reports and mixed economic signals, global markets saw major indices, such as the Nasdaq Composite and S&P MidCap 400 Index, reach record highs before retreating. Amidst this backdrop of cautious optimism and fluctuating market conditions, dividend stocks can offer stability and income potential for investors seeking to enhance their portfolios.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Mitsubishi Shokuhin (TSE:7451)3.86%★★★★★★
Guaranty Trust Holding (NGSE:GTCO)6.69%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)5.19%★★★★★★
Globeride (TSE:7990)4.12%★★★★★★
Financial Institutions (NasdaqGS:FISI)5.03%★★★★★★
Innotech (TSE:9880)4.86%★★★★★★
Business Brain Showa-Ota (TSE:9658)4.22%★★★★★★
Premier Financial (NasdaqGS:PFC)5.00%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.97%★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)5.01%★★★★★★

Click here to see the full list of 2033 stocks from our Top Dividend Stocks screener.

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

Bank Hapoalim B.M (TASE:POLI)

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

Overview: Bank Hapoalim B.M., with a market cap of ₪52.74 billion, offers a range of banking and financial products and services in Israel and internationally through its subsidiaries.

Operations: Bank Hapoalim B.M. generates revenue from various segments, including ₪6.52 billion from Israel - Households - Other, ₪1.61 billion from Households - Housing Loans in Israel, ₪0.35 billion from Israel - Households - Credit Cards, and ₪0.85 billion from Overseas - Business Activity, along with revenue contributions of ₪0.36 billion from Israel's Institutional Entities and other activities within the region.

Dividend Yield: 4.3%

Bank Hapoalim B.M. offers a dividend yield of 4.26%, which is below the top tier of Israeli market payers. Despite a volatile and unreliable dividend history over the past decade, dividends are well covered by current earnings with a payout ratio of 27.7%. Recent financials show net income growth, and an ongoing share buyback program worth ILS 1 billion aims to optimize capital management, potentially benefiting shareholders indirectly through increased share value.

TASE:POLI Dividend History as at Nov 2024
TASE:POLI Dividend History as at Nov 2024

Gunma Bank (TSE:8334)

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

Overview: The Gunma Bank, Ltd. offers a range of banking and financial products and services in Japan with a market cap of ¥339.26 billion.

Operations: The Gunma Bank, Ltd. generates revenue primarily from its banking segment at ¥168.72 billion and lease segment at ¥29.70 billion.

Dividend Yield: 3.2%

Gunma Bank offers a stable dividend yield of 3.16%, which is lower than the top 25% of Japanese market payers. The bank's dividends have shown reliability and growth over the past decade, supported by a low payout ratio of 26%. Recent buyback activity, with ¥4.99 billion spent to repurchase shares, reflects efforts to enhance shareholder returns and capital efficiency. However, there is insufficient data on future dividend sustainability relative to earnings or cash flows.

TSE:8334 Dividend History as at Nov 2024
TSE:8334 Dividend History as at Nov 2024

Tung Ho Steel Enterprise (TWSE:2006)

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

Overview: Tung Ho Steel Enterprise Corporation, along with its subsidiaries, is engaged in the production and sale of steel products in Taiwan, with a market capitalization of NT$55.79 billion.

Operations: Tung Ho Steel Enterprise Corporation generates revenue primarily from its Steel Department, contributing NT$55.50 billion, and its Steel Structure Department, which adds NT$13.85 billion.

Dividend Yield: 5.5%

Tung Ho Steel Enterprise's dividend yield of 5.5% ranks in the top 25% of Taiwan's market, yet its dividends have been volatile over the past decade. Despite this instability, dividends are well-covered by earnings and cash flows, with payout ratios at 65.4% and 53.6%, respectively. The company trades below estimated fair value and offers good relative value compared to peers, though recent earnings showed a slight decline in net income year-over-year for the third quarter.

TWSE:2006 Dividend History as at Nov 2024
TWSE:2006 Dividend History as at Nov 2024

Key Takeaways

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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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