Stock Analysis

Top Three Dividend Stocks To Enhance Your Portfolio

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In the midst of market fluctuations driven by political transitions and economic data, investors are seeking stability through strategic portfolio choices. Dividend stocks, known for their potential to provide steady income streams regardless of market volatility, can be a valuable addition to enhance your investment portfolio in these uncertain times.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)6.61%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)4.59%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.15%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.23%★★★★★★
Padma Oil (DSE:PADMAOIL)6.76%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.55%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.37%★★★★★★
Petrol d.d (LJSE:PETG)5.84%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.59%★★★★★★
Premier Financial (NasdaqGS:PFC)4.49%★★★★★★

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.

TotalEnergies (ENXTPA:TTE)

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

Overview: TotalEnergies SE is a multi-energy company engaged in the production and marketing of oil, biofuels, natural gas, green gases, renewables, and electricity globally with a market cap of approximately €131.06 billion.

Operations: TotalEnergies SE generates revenue from several segments, including Integrated LNG ($21.32 billion), Integrated Power ($26.20 billion), Marketing & Services ($69.32 billion), Refining & Chemicals ($128.61 billion), and Exploration & Production ($45.58 billion).

Dividend Yield: 5.5%

TotalEnergies has shown a mixed dividend track record over the past decade, with volatility and unreliability in payments. However, its dividends are well-covered by earnings (50% payout ratio) and cash flows (41.6% cash payout ratio), indicating sustainability. Recent strategic moves, such as a significant LNG agreement with Sinopec and renewable energy expansions, align with its long-term growth strategy. The stock trades at good value compared to peers, potentially appealing to dividend-focused investors despite past inconsistencies.

ENXTPA:TTE Dividend History as at Nov 2024

Yeni Gimat Gayrimenkul Yatirim Ortakligi (IBSE:YGGYO)

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

Overview: Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S., with a market cap of TRY14.42 billion, operates in the real estate investment sector.

Operations: Yeni Gimat Gayrimenkul Yatirim Ortakligi A.S. generates revenue from its key segments, including the Ankamall Shopping Mall with TRY1.96 billion and the CP Ankara Hotel with TRY154.24 million.

Dividend Yield: 5.2%

Yeni Gimat Gayrimenkul Yatirim Ortakligi's dividends are well-covered by both earnings (0.9% payout ratio) and cash flows (10.8% cash payout ratio), ensuring sustainability. Despite being a relatively new dividend payer, with only nine years of payments, the dividends have grown steadily and remain stable. The recent earnings report showed significant sales growth but a decline in net income compared to last year, which may impact future dividend prospects despite its current top-tier yield in Turkey's market.

IBSE:YGGYO Dividend History as at Nov 2024

Valor Holdings (TSE:9956)

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

Overview: Valor Holdings Co., Ltd. operates supermarkets and home centers in Japan, with a market cap of ¥111.60 billion.

Operations: Valor Holdings Co., Ltd. generates revenue through its operations of supermarkets and home centers in Japan.

Dividend Yield: 3.2%

Valor Holdings has consistently increased its dividends over the past decade, maintaining stability and reliability. The current dividend yield of 3.21% is below the top quartile in Japan but remains well-covered by earnings (16.4% payout ratio) and cash flows (32% cash payout ratio), indicating sustainability. Recent announcements include a slight increase in dividends for both the second quarter and full year ending March 2025, reflecting ongoing commitment to shareholder returns amidst strong earnings growth.

TSE:9956 Dividend History as at Nov 2024

Next Steps

  • Click this link to deep-dive into the 1960 companies within our Top Dividend Stocks screener.
  • Got skin in the game with these stocks? Elevate how you manage them by using Simply Wall St's portfolio, where intuitive tools await to help optimize your investment outcomes.
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Interested In Other Possibilities?

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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