Stock Analysis

Austevoll Seafood And 2 Other Dividend Stocks To Boost Your Income

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As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing significant fluctuations across various sectors. With stocks giving back some of their recent gains and interest rates on the rise, many are turning to dividend stocks as a potential source of steady income in these volatile times. In this context, selecting companies with strong fundamentals and consistent dividend payouts can be an effective strategy for those looking to bolster their income streams amidst market unpredictability.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Tsubakimoto Chain (TSE:6371)4.16%★★★★★★
Globeride (TSE:7990)4.18%★★★★★★
Nihon Parkerizing (TSE:4095)3.93%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.29%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.40%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.43%★★★★★★
Business Brain Showa-Ota (TSE:9658)3.89%★★★★★★
James Latham (AIM:LTHM)6.13%★★★★★★
Premier Financial (NasdaqGS:PFC)4.43%★★★★★★
DoshishaLtd (TSE:7483)3.84%★★★★★★

Click here to see the full list of 1951 stocks from our Top Dividend Stocks screener.

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

Austevoll Seafood (OB:AUSS)

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

Overview: Austevoll Seafood ASA is a seafood company involved in the production of salmon, trout, white fish, and pelagic across various global markets, with a market cap of NOK19.68 billion.

Operations: Austevoll Seafood ASA generates revenue through its production activities in salmon and trout, white fish, and pelagic across multiple international markets.

Dividend Yield: 4.6%

Austevoll Seafood's dividend yield of 4.62% is below the top quartile in Norway, but its dividends are well-covered by earnings and cash flows, with payout ratios at 39.9% and 49.4%, respectively. Despite a volatile dividend history, recent earnings reports show strong financial recovery, including NOK 265 million net income for Q3 2024 compared to a loss last year. The stock trades at good value relative to peers and analysts expect price appreciation.

OB:AUSS Dividend History as at Nov 2024

Ichinen HoldingsLtd (TSE:9619)

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

Overview: Ichinen Holdings Co., Ltd. operates in automotive leasing, chemical, parking, machine tool sales, and synthetic resin sectors in Japan with a market cap of ¥46.97 billion.

Operations: Ichinen Holdings Co., Ltd. generates revenue from various segments, including ¥60.06 billion from the Automobile Leasing Related Business, ¥36.55 billion from Machine Tool Sales Business, ¥20.89 billion from Synthetic Resin Business, ¥11.89 billion from Chemical Business, and ¥7.73 billion from Parking Business in Japan.

Dividend Yield: 3.2%

Ichinen Holdings has a history of volatile and unreliable dividends, yet recent increases suggest potential improvement. The dividend is well-covered by earnings and cash flows, with low payout ratios of 5.6% and 20.9%, respectively. Despite trading at a significant discount to estimated fair value, the dividend yield remains below Japan's top quartile. Recent buybacks totaling ¥619.76 million could support share price stability amidst forecasts of declining earnings over the next three years.

TSE:9619 Dividend History as at Nov 2024

GakkyushaLtd (TSE:9769)

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

Overview: Gakkyusha Ltd (TSE:9769) operates cram schools providing entrance exam guidance for junior high, high school, and university students in Japan and internationally, with a market cap of ¥21.05 billion.

Operations: Gakkyusha Ltd (TSE:9769) generates revenue primarily through its management of cram schools that offer entrance exam guidance for students at various educational levels both in Japan and abroad.

Dividend Yield: 4.5%

Gakkyusha Ltd. offers a compelling dividend profile with a yield of 4.49%, placing it in the top quartile of Japanese dividend payers. The dividends are well-supported by both earnings and cash flows, indicated by low payout ratios of 23.2% and 49.1%, respectively, ensuring sustainability. Over the past decade, Gakkyusha has consistently increased its dividends without volatility. Recently, the company announced an increase in its annual dividend guidance to ¥45 per share from ¥42 last year.

TSE:9769 Dividend History as at Nov 2024

Taking Advantage

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Ready For A Different Approach?

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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