Top 3 Dividend Stocks To Consider For Your Portfolio

As global markets navigate choppy waters, with U.S. equities facing declines amid inflation concerns and political uncertainty, investors are seeking stability in their portfolios. In such volatile times, dividend stocks can offer a reliable income stream and potential for long-term growth, making them an attractive option for those looking to balance risk and reward in today's market landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	3.52%	★★★★★★
MISC Berhad (KLSE:MISC)	5.10%	★★★★★★
Yamato Kogyo (TSE:5444)	4.10%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.56%	★★★★★★
GakkyushaLtd (TSE:9769)	4.40%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.15%	★★★★★★
Nihon Parkerizing (TSE:4095)	4.03%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.56%	★★★★★★
E J Holdings (TSE:2153)	4.08%	★★★★★★
DoshishaLtd (TSE:7483)	3.88%	★★★★★★

Click here to see the full list of 2004 stocks from our Top Dividend Stocks screener.

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

Jerónimo Martins SGPS (ENXTLS:JMT)

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

Overview: Jerónimo Martins SGPS operates in the food distribution and specialized retail sectors across Portugal, Poland, and Colombia, with a market cap of €11.63 billion.

Operations: Jerónimo Martins SGPS generates revenue through its retail operations in Poland (€23.15 billion) and Colombia (€2.81 billion).

Dividend Yield: 3.5%

Jerónimo Martins SGPS's dividend payout ratio of 64.5% indicates dividends are covered by earnings, though the cash payout ratio is higher at 87.6%. Despite a history of volatility and unreliability in dividend payments over the past decade, there has been growth in dividends during this period. However, its current yield of 3.54% is lower than top-tier Portuguese market payers. Recent earnings show a decline in net income despite increased sales, which may impact future dividend stability.

• Unlock comprehensive insights into our analysis of Jerónimo Martins SGPS stock in this dividend report.
• Our valuation report here indicates Jerónimo Martins SGPS may be overvalued.

Zhejiang Hailide New MaterialLtd (SZSE:002206)

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

Overview: Zhejiang Hailide New Material Co., Ltd specializes in the research, development, production, and marketing of industrial polyester yarns, plastic materials, tire cord fabrics, and plastic floors both in China and internationally with a market cap of CN¥4.96 billion.

Operations: Zhejiang Hailide New Material Co., Ltd generates revenue through its industrial polyester yarns, plastic materials, tire cord fabrics, and plastic floors businesses across domestic and international markets.

Dividend Yield: 3.5%

Zhejiang Hailide New Material's recent share repurchase plan, valued at up to CNY 300 million, reflects strategic capital management that could indirectly support dividend sustainability. Despite a volatile dividend history, the company maintains a low payout ratio of 45.4%, ensuring dividends are covered by earnings and cash flows (41.6%). Trading below market P/E ratios suggests good value, while its yield of 3.51% ranks in the top 25% of Chinese payers despite past shareholder dilution.

• Take a closer look at Zhejiang Hailide New MaterialLtd's potential here in our dividend report.
• According our valuation report, there's an indication that Zhejiang Hailide New MaterialLtd's share price might be on the cheaper side.

Yamabiko (TSE:6250)

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

Overview: Yamabiko Corporation, along with its subsidiaries, manufactures and sells agricultural machinery in Japan, Europe, the United States, and internationally, with a market cap of ¥100.72 billion.

Operations: Yamabiko Corporation generates revenue through three primary segments: Small Outdoor Working Machine at ¥178.55 billion, Agricultural Management Machine at ¥37.22 billion, and General Industrial Machinery at ¥29.99 billion.

Dividend Yield: 3.3%

Yamabiko Corporation's dividend yield of 3.26% is reliable and has grown steadily over the past decade, though it falls short of the top tier in Japan. With a low payout ratio of 21.1%, dividends are well covered by earnings and cash flows (33.5%), enhancing sustainability. The company's P/E ratio of 7.5x suggests good value compared to the broader JP market at 13.4x, supported by significant earnings growth last year and stable financial guidance for 2024 with expected net sales of ¥162 billion.

• Get an in-depth perspective on Yamabiko's performance by reading our dividend report here.
• The analysis detailed in our Yamabiko valuation report hints at an inflated share price compared to its estimated value.

Summing It All Up

• Embark on your investment journey to our 2004 Top Dividend Stocks selection here.
• Invested in any of these stocks? Simplify your portfolio management with Simply Wall St and stay ahead with our alerts for any critical updates on your stocks.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Want To Explore Some Alternatives?

• 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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