3 Dividend Stocks To Consider With Up To 4.9% Yield

As global markets navigate through a period of broad-based gains and economic optimism, particularly in the U.S. where major stock indexes are approaching record highs, investors are seeking stability amid geopolitical uncertainties and evolving monetary policies. In this context, dividend stocks with attractive yields can offer a reliable income stream while potentially benefiting from positive market sentiment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.98%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.54%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.46%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.93%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.45%	★★★★★★
James Latham (AIM:LTHM)	6.10%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1976 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

JINUSHILtd (TSE:3252)

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

Overview: JINUSHI Co., Ltd. operates in the real estate investment sector in Japan and has a market cap of ¥43.48 billion.

Operations: JINUSHI Co., Ltd.'s revenue from its real estate investment business segment is ¥52.23 billion.

Dividend Yield: 4%

JINUSHI Ltd. has raised its earnings guidance for 2024, indicating positive financial momentum with expected net sales of JPY 56 billion and operating profit of JPY 8.4 billion. Despite a dividend yield of 3.97% being in the top tier, dividends are not covered by free cash flow and have been volatile over the past decade. The payout ratio is low at 34.2%, suggesting coverage by earnings, but overall dividend reliability remains questionable due to past volatility and lack of free cash flow coverage.

• Click to explore a detailed breakdown of our findings in JINUSHILtd's dividend report.
• Our valuation report here indicates JINUSHILtd may be undervalued.

BML (TSE:4694)

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

Overview: BML, Inc. operates in Japan, offering laboratory testing and related services, with a market cap of ¥1.09 billion.

Operations: BML, Inc.'s revenue segments primarily include laboratory testing and related services in Japan.

Dividend Yield: 4.9%

BML's dividend yield of 4.91% ranks in the top 25% of Japan's market, yet its reliability is questionable due to volatility over the past decade. Despite a low payout ratio of 25.5%, indicating coverage by earnings, dividends are not backed by free cash flow and sustainability remains a concern as earnings are expected to decline. The stock trades at a significant discount to its estimated fair value, but dividend stability issues persist without sufficient cash flow support.

• Navigate through the intricacies of BML with our comprehensive dividend report here.
• According our valuation report, there's an indication that BML's share price might be on the cheaper side.

Rheon Automatic Machinery (TSE:6272)

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

Overview: Rheon Automatic Machinery Co., Ltd. develops, manufactures, and supplies food processing machines and factory systems both in Japan and internationally, with a market cap of ¥37.48 billion.

Operations: Rheon Automatic Machinery Co., Ltd.'s revenue segments include Food Manufacturing and Sales Business in Japan at ¥508.59 million, Food Processing Machine Manufacturing and Sales Business in Asia at ¥2.14 billion, Japan at ¥17.79 billion, Europe at ¥5.02 billion, North America/South America for Food Manufacturing and Sales Business at ¥15.56 billion, and North America/South America for Food Processing Machinery Manufacturing and Sales Business at ¥4.56 billion.

Dividend Yield: 3.1%

Rheon Automatic Machinery's dividend yield of 3.08% is lower than the top 25% in Japan, but its payout ratio of 16% and cash payout ratio of 34.5% suggest solid coverage by earnings and cash flows. Despite a history of volatility, recent increases to JPY 21 per share indicate growth potential. The stock trades at a significant discount to fair value, suggesting good relative value despite past dividend instability concerns.

• Click here and access our complete dividend analysis report to understand the dynamics of Rheon Automatic Machinery.
• Our valuation report unveils the possibility Rheon Automatic Machinery's shares may be trading at a discount.

Taking Advantage

• Navigate through the entire inventory of 1976 Top Dividend Stocks here.
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Interested In Other Possibilities?

• 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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