3 Dividend Stocks With Up To 4% Yield For Your Investment Strategy

In a week marked by mixed performances across major global indices, growth stocks have continued to rally, leading to record highs for the S&P 500 and Nasdaq Composite. Amidst these market dynamics, dividend stocks with yields up to 4% can offer investors a potentially stable income stream while navigating economic uncertainties.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.63%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.13%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.21%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.50%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.36%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.54%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.83%	★★★★★★

Click here to see the full list of 1930 stocks from our Top Dividend Stocks screener.

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

Fagerhult Group (OM:FAG)

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

Overview: Fagerhult Group AB, along with its subsidiaries, manufactures and sells professional lighting solutions globally and has a market cap of SEK10.02 billion.

Operations: Fagerhult Group AB's revenue segments consist of Premium (SEK2.87 billion), Collection (SEK3.91 billion), Professional (SEK1.03 billion), and Infrastructure (SEK843.90 million).

Dividend Yield: 3.1%

Fagerhult Group's dividend payments, while covered by both earnings and cash flows with payout ratios of 77.7% and 43% respectively, have been unreliable over the past decade due to volatility. Despite recent challenges in earnings—Q3 sales dropped to SEK 1.92 billion from SEK 2.08 billion a year ago—the company continues to pursue strategic growth through M&A activities, which may impact future dividend stability and growth prospects.

• Dive into the specifics of Fagerhult Group here with our thorough dividend report.
• According our valuation report, there's an indication that Fagerhult Group's share price might be on the cheaper side.

Mitsubishi Kakoki Kaisha (TSE:6331)

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

Overview: Mitsubishi Kakoki Kaisha, Ltd. specializes in the engineering, procurement, and construction of industrial and chemical plants as well as environmental control facilities across Japan, Asia, and internationally with a market cap of ¥25.67 billion.

Operations: Mitsubishi Kakoki Kaisha, Ltd.'s revenue is primarily derived from its engineering, procurement, and construction activities in industrial and chemical plants and environmental control facilities.

Dividend Yield: 3.3%

Mitsubishi Kakoki Kaisha offers a reliable dividend yield of 3.26%, though it falls short of the top quartile in Japan. The company's dividends are well-supported by low payout ratios, with earnings coverage at 11.6% and cash flow coverage at 23%. Over the past decade, dividends have grown steadily without volatility. Despite recent earnings growth of 69.1%, one-off items have impacted financial results, but the stock trades significantly below its estimated fair value.

• Unlock comprehensive insights into our analysis of Mitsubishi Kakoki Kaisha stock in this dividend report.
• The analysis detailed in our Mitsubishi Kakoki Kaisha valuation report hints at an deflated share price compared to its estimated value.

Nice (TSE:8089)

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

Overview: Nice Corporation imports, distributes, and sells building materials for housing in Japan and internationally, with a market cap of ¥19.09 billion.

Operations: Nice Corporation's revenue segments include Housing at ¥49.07 billion and Building Materials at ¥173.16 billion.

Dividend Yield: 4%

Nice Corporation recently increased its dividend to JPY 25.00 per share, up from JPY 20.00 a year ago, but the dividends have been volatile over the past decade. Despite a low payout ratio of 42.9%, suggesting earnings coverage, the lack of free cash flow raises concerns about sustainability. The dividend yield is in the top quartile at 4.04%, yet profit margins have declined and one-off items affect earnings quality, impacting overall reliability.

• Click to explore a detailed breakdown of our findings in Nice's dividend report.
• The analysis detailed in our Nice valuation report hints at an inflated share price compared to its estimated value.

Make It Happen

• Discover the full array of 1930 Top Dividend Stocks right here.
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Ready For A Different Approach?

• 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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