POSCO STEELEON And 2 Other Reliable Dividend Stocks To Boost Your Income

As global markets navigate a landscape marked by rate cuts from the ECB and SNB, alongside expectations for a Fed cut, investors are keenly observing the mixed performance across major indices. With inflationary pressures and labor market dynamics at play, dividend stocks emerge as a reliable option to provide steady income in uncertain times. In this context, understanding what makes a good dividend stock—such as consistent payout history and financial stability—becomes crucial for bolstering one's investment portfolio.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.25%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.25%	★★★★★★
CAC Holdings (TSE:4725)	4.76%	★★★★★★
Yamato Kogyo (TSE:5444)	4.10%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.25%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.44%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.93%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.80%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.63%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.21%	★★★★★★

Click here to see the full list of 1972 stocks from our Top Dividend Stocks screener.

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

POSCO STEELEON (KOSE:A058430)

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

Overview: POSCO STEELEON Co., Ltd. manufactures, processes, and sells steel products both in South Korea and internationally, with a market cap of approximately ₩177.32 billion.

Operations: POSCO STEELEON Co., Ltd. generates its revenue primarily from the Metal Processors and Fabrication segment, which amounts to approximately ₩1.21 billion.

Dividend Yield: 5.5%

POSCO STEELEON's dividend prospects show mixed signals. Despite a substantial earnings growth of 302.4% over the past year, its dividend history is volatile and has been unreliable over the last five years. However, dividends are well covered by both earnings (35.4% payout ratio) and cash flows (24.2% cash payout ratio). Trading at 86.4% below estimated fair value, its yield ranks in the top 25% within Korea's market at 5.46%.

• Click here and access our complete dividend analysis report to understand the dynamics of POSCO STEELEON.
• In light of our recent valuation report, it seems possible that POSCO STEELEON is trading behind its estimated value.

Sakai Heavy Industries (TSE:6358)

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

Overview: Sakai Heavy Industries, Ltd. manufactures and sells construction equipment and industrial machinery both in Japan and internationally, with a market cap of ¥20.01 billion.

Operations: Sakai Heavy Industries, Ltd. generates revenue from various regions, with ¥21.92 billion from Japan, ¥8.99 billion from the United States, ¥5.74 billion from Indonesia, and ¥1.84 billion from China.

Dividend Yield: 6.2%

Sakai Heavy Industries' dividend outlook presents challenges. Despite a high yield of 6.2%, dividends are not covered by free cash flows and have been volatile, with recent guidance showing a significant decrease to JPY 60.50 per share for the year ending March 2025 from JPY 195.00 previously. Earnings are forecasted to decline, impacting sustainability, though the payout ratio is reasonable at 53.9%. The stock trades at a favorable price-to-earnings ratio of 9.1x below the JP market average.

• Delve into the full analysis dividend report here for a deeper understanding of Sakai Heavy Industries.
• The valuation report we've compiled suggests that Sakai Heavy Industries' current price could be inflated.

Global Brands Manufacture (TWSE:6191)

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

Overview: Global Brands Manufacture Ltd., along with its subsidiaries, operates in the production of printed circuit boards (PCB) and provides electronic manufacturing services (EMS) in Taiwan, with a market cap of NT$25.47 billion.

Operations: Global Brands Manufacture Ltd.'s revenue segments include NT$14.10 billion from printed circuit boards (PCB) production and NT$7.68 billion from electronic manufacturing services (EMS).

Dividend Yield: 6.1%

Global Brands Manufacture Ltd. offers a compelling dividend yield of 6.15%, placing it in the top 25% within Taiwan's market. The company's dividend payments are supported by earnings and cash flows, with payout ratios of 51% and 71.5%, respectively, suggesting coverage is adequate. However, its dividend history is unstable due to volatility and an eight-year track record. Recent earnings showed declines in sales and net income, which may affect future payouts' stability.

• Get an in-depth perspective on Global Brands Manufacture's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Global Brands Manufacture's share price might be too pessimistic.

Next Steps

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Looking For Alternative Opportunities?

• 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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