3 Reliable Dividend Stocks Yielding Up To 3.8%

As global markets continue to navigate a complex landscape marked by rising inflation and near-record highs in U.S. stock indexes, investors are increasingly seeking stability through reliable dividend stocks. In the current environment, characterized by fluctuating interest rates and economic uncertainty, strong dividend-paying stocks can offer a measure of income stability and potential for long-term growth.

Top 10 Dividend Stocks

Click here to see the full list of 1986 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Fujian Funeng (SHSE:600483)

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

Overview: Fujian Funeng Co., Ltd. operates in China, focusing on the production and sale of electricity and heat, with a market capitalization of approximately CN¥26.11 billion.

Operations: Fujian Funeng Co., Ltd. generates revenue through its core activities of producing and selling electricity and heat in China.

Dividend Yield: 3.3%

Fujian Funeng's dividend payments are well-covered by earnings and cash flows, with a payout ratio of 28.7% and a cash payout ratio of 37.2%. Despite trading at good value, its dividends have been volatile over the past decade, experiencing significant drops. However, the company has managed to increase dividends over this period. The dividend yield stands at 3.3%, placing it in the top 25% of CN market payers despite an unstable track record and high debt levels.

• Click here and access our complete dividend analysis report to understand the dynamics of Fujian Funeng.
• Our valuation report here indicates Fujian Funeng may be undervalued.

North Pacific BankLtd (TSE:8524)

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

Overview: North Pacific Bank, Ltd. offers a range of banking products and services to individuals and corporations in Japan, with a market cap of ¥189.45 billion.

Operations: North Pacific Bank, Ltd. generates revenue through its diverse range of banking products and services targeted at both individual and corporate clients in Japan.

Dividend Yield: 3.8%

North Pacific Bank,Ltd. plans to increase its dividend to JPY 9.50 per share for fiscal year 2025, up from JPY 5.00 last year, reflecting a strong commitment to returning value to shareholders despite past volatility in payments. The bank's dividend yield of 3.81% ranks it among the top payers in Japan, supported by a low payout ratio of 28.6%. However, its unstable dividend history and low allowance for bad loans may concern investors seeking reliability.

• Get an in-depth perspective on North Pacific BankLtd's performance by reading our dividend report here.
• Our valuation report unveils the possibility North Pacific BankLtd's shares may be trading at a premium.

Sompo Holdings (TSE:8630)

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

Overview: Sompo Holdings, Inc. is a company that offers property and casualty insurance services both in Japan and internationally, with a market cap of ¥4.20 trillion.

Operations: Sompo Holdings generates revenue primarily from its property and casualty insurance services offered in both domestic and international markets.

Dividend Yield: 3.4%

Sompo Holdings has consistently increased its dividend over the past decade, maintaining stability with a low payout ratio of 21.8%, ensuring dividends are well-covered by earnings and cash flows. Despite offering a lower yield of 3.44% compared to top-tier payers in Japan, Sompo's recent business restructuring into two segments aims to enhance sustainability and growth potential. The company also revised its year-end dividend forecast upwards, reflecting strong financial performance and strategic share buybacks to boost shareholder returns.

• Delve into the full analysis dividend report here for a deeper understanding of Sompo Holdings.
• Upon reviewing our latest valuation report, Sompo Holdings' share price might be too pessimistic.

Seize The Opportunity

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Ready For A Different Approach?

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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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