3 Dividend Stocks Offering Up To 5.8% Yield For Steady Income

As global markets respond to recent political developments and economic indicators, U.S. stocks have been marching toward record highs, driven by optimism surrounding potential trade deals and AI investments. In this dynamic environment, dividend stocks can offer a reliable source of income for investors seeking stability amidst market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	5.93%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.88%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.67%	★★★★★★
Yamato Kogyo (TSE:5444)	4.04%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.42%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.01%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.41%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.01%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.46%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.94%	★★★★★★

Click here to see the full list of 1955 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Commercial Bank of Dubai PSC (DFM:CBD)

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

Overview: Commercial Bank of Dubai PSC offers commercial and retail banking services in the United Arab Emirates and has a market capitalization of AED21.55 billion.

Operations: Commercial Bank of Dubai PSC generates revenue through its commercial and retail banking services in the United Arab Emirates.

Dividend Yield: 5.9%

Commercial Bank of Dubai PSC offers a stable dividend profile, with a payout ratio of 47.1%, indicating dividends are well covered by earnings. The bank's dividends have been reliable and growing over the past decade, although the yield of 5.89% is slightly below top-tier payers in the AE market. Despite having a high level of bad loans at 5.9%, CBD trades at a good value with a price-to-earnings ratio of 7.4x, below the market average. Recent earnings show improved net income and interest income for fiscal year 2024, supporting its dividend sustainability.

• Click here and access our complete dividend analysis report to understand the dynamics of Commercial Bank of Dubai PSC.
• The analysis detailed in our Commercial Bank of Dubai PSC valuation report hints at an deflated share price compared to its estimated value.

Thai Union Group (SET:TU)

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

Overview: Thai Union Group Public Company Limited, along with its subsidiaries, operates in the manufacture and sale of frozen, chilled, and canned seafood both in Thailand and globally, with a market cap of THB50.35 billion.

Operations: Thai Union Group's revenue segments include Ambient Seafood at THB80.27 billion, Pet Food Business at THB20.93 billion, and Frozen and Chilled Seafood and Related Businesses at THB46.93 billion, along with Value-added & Others contributing THB17.84 billion.

Dividend Yield: 4.6%

Thai Union Group's dividend yield of 4.58% lags behind top-tier payers in Thailand, yet its dividends are well-covered by both earnings and cash flows, with a payout ratio of 46.2%. Despite a volatile dividend history over the past decade, recent increases offer some optimism. The company trades significantly below its estimated fair value and has initiated a share buyback program to enhance financial metrics like Return on Equity and Earnings Per Share.

• Unlock comprehensive insights into our analysis of Thai Union Group stock in this dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Thai Union Group shares in the market.

TOMONY Holdings (TSE:8600)

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

Overview: TOMONY Holdings, Inc. operates through its subsidiaries to offer a range of banking and financial products and services, with a market cap of ¥85.42 billion.

Operations: TOMONY Holdings generates revenue primarily from its banking segment, which amounts to ¥86.12 billion.

Dividend Yield: 4%

TOMONY Holdings offers a reliable dividend yield of 3.99%, ranking in the top 25% of Japanese dividend payers. With a low payout ratio of 14.8%, dividends are well-covered by earnings, and payments have been stable and growing over the past decade. The stock trades at a significant discount to its estimated fair value, enhancing its appeal for value-focused investors, although future coverage by earnings or cash flows remains uncertain due to insufficient data.

• Take a closer look at TOMONY Holdings' potential here in our dividend report.
• In light of our recent valuation report, it seems possible that TOMONY Holdings is trading behind its estimated value.

Taking Advantage

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Searching for a Fresh Perspective?

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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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