3 Dividend Stocks Offering Yields Up To 4.5%

As global markets navigate a landscape marked by fluctuating interest rates and geopolitical tensions, investors are increasingly seeking stability amid volatility. In this environment, dividend stocks can offer a reliable income stream, making them an attractive option for those looking to balance risk and reward.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Totech (TSE:9960)	3.80%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	4.12%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.54%	★★★★★★
CAC Holdings (TSE:4725)	4.49%	★★★★★★
GakkyushaLtd (TSE:9769)	4.41%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.12%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.56%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.68%	★★★★★★
Yamato Kogyo (TSE:5444)	3.93%	★★★★★★

Click here to see the full list of 1960 stocks from our Top Dividend Stocks screener.

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

TTY Biopharm (TPEX:4105)

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

Overview: TTY Biopharm Company Limited, along with its subsidiaries, develops and sells pharmaceutical and chemical drugs in Taiwan and internationally, with a market cap of NT$19.10 billion.

Operations: TTY Biopharm's revenue is primarily derived from its Cancer Drug Business Group (NT$2.44 billion), Anti-infection Medicine Segment (NT$1.05 billion), Reinvestment Segment (NT$1.13 billion), Export and OEM Group (NT$981.22 million), and Healthcare Business Group (NT$562.90 million).

Dividend Yield: 4.6%

TTY Biopharm offers a competitive dividend yield in the top 25% of the TW market. The company maintains dividend payments with earnings and cash flows, though its payout ratios are relatively high at 77.7% and 85.6%, respectively. Despite a decade-long increase in dividends, volatility remains an issue, suggesting potential instability. Recent financials show steady sales growth but stagnant net income, indicating challenges that may impact future dividend sustainability amidst fluctuating earnings performance.

• Delve into the full analysis dividend report here for a deeper understanding of TTY Biopharm.
• Our comprehensive valuation report raises the possibility that TTY Biopharm is priced higher than what may be justified by its financials.

Togami Electric Mfg (TSE:6643)

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

Overview: Togami Electric Mfg. Co., Ltd. is a Japanese company that manufactures and sells power distribution and control equipment, with a market cap of ¥17.04 billion.

Operations: Togami Electric Mfg. Co., Ltd.'s revenue is primarily derived from Industrial Power Distribution Equipment at ¥22.47 billion, followed by Plastic Molding Business at ¥3.22 billion and Metal Processing at ¥2.81 billion.

Dividend Yield: 4%

Togami Electric Mfg. provides a dividend yield in the top 25% of the JP market, supported by low payout ratios of 27.5% for earnings and 64.5% for cash flows, indicating strong coverage. However, its dividend history is marred by volatility over the past decade despite an overall increase in payments. The stock trades significantly below estimated fair value, offering potential upside if stability improves alongside recent robust earnings growth of 46.3%.

• Click here and access our complete dividend analysis report to understand the dynamics of Togami Electric Mfg.
• Insights from our recent valuation report point to the potential undervaluation of Togami Electric Mfg shares in the market.

Kyushu Leasing Service (TSE:8596)

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

Overview: Kyushu Leasing Service Co., Ltd. is a financial services company in Japan with a market cap of ¥23.99 billion.

Operations: Kyushu Leasing Service Co., Ltd. generates revenue from several segments, including Finance (¥1.96 billion), Fee Business (¥447 million), Lease/installment (¥21.26 billion), Immovable Properties (¥13.73 billion), and Environmental Solution (¥1.09 billion).

Dividend Yield: 3.4%

Kyushu Leasing Service offers a dividend yield of 3.39%, which is below the top 25% in the JP market. Despite stable and growing dividends over the past decade, its payouts are not covered by free cash flows or earnings, raising sustainability concerns. The stock trades at 61.9% below estimated fair value, suggesting potential undervaluation. However, with debt not well covered by operating cash flow and no free cash flows available, financial stability remains a concern.

• Unlock comprehensive insights into our analysis of Kyushu Leasing Service stock in this dividend report.
• Upon reviewing our latest valuation report, Kyushu Leasing Service's share price might be too pessimistic.

Taking Advantage

• Explore the 1960 names from our Top Dividend Stocks screener here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
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Contemplating Other Strategies?

• 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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