Highlighting Three Prominent Dividend Stocks

As global markets show signs of optimism with easing inflation and strong bank earnings propelling U.S. stocks higher, investors are turning their attention to value stocks, which have recently outperformed growth shares. In this environment, dividend stocks stand out as attractive options for those seeking steady income streams and potential capital appreciation amidst fluctuating economic conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.11%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.33%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.50%	★★★★★★
CAC Holdings (TSE:4725)	4.69%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.49%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.46%	★★★★★★
GakkyushaLtd (TSE:9769)	4.46%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.49%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.68%	★★★★★★
DoshishaLtd (TSE:7483)	3.88%	★★★★★★

Click here to see the full list of 1983 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Nittetsu Mining (TSE:1515)

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

Overview: Nittetsu Mining Co., Ltd. is involved in mining activities both in Japan and internationally, with a market capitalization of ¥75.61 billion.

Operations: Nittetsu Mining Co., Ltd. generates revenue from several segments, including Ore at ¥62.59 billion, Metal at ¥99.64 billion, Immovable Properties at ¥2.88 billion, Machinery and Environment at ¥14.91 billion, and Renewable Resource Energy at ¥1.77 billion.

Dividend Yield: 4%

Nittetsu Mining's dividend yield of 4% ranks in the top 25% of the JP market, yet it's not well covered by free cash flows. Despite a payout ratio of 37.9%, dividends have been volatile over the past decade. Recent board decisions increased dividends, with a revised forecast for JPY 91 per share for FY ending March 2025, targeting a consolidated payout ratio of 40%. The company raised its earnings guidance due to higher-than-expected revenues and lower costs.

• Get an in-depth perspective on Nittetsu Mining's performance by reading our dividend report here.
• The valuation report we've compiled suggests that Nittetsu Mining's current price could be inflated.

Mitsubishi Shokuhin (TSE:7451)

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

Overview: Mitsubishi Shokuhin Co., Ltd. operates in the wholesale distribution of processed foods, frozen and chilled foods, alcoholic beverages, and confectioneries both in Japan and internationally, with a market capitalization of approximately ¥209.50 billion.

Operations: Mitsubishi Shokuhin Co., Ltd. generates its revenue through the wholesale distribution of processed foods, frozen and chilled foods, alcoholic beverages, and confectioneries.

Dividend Yield: 4%

Mitsubishi Shokuhin's dividend yield of 3.96% is among the top 25% in Japan, with stable and growing dividends over the past decade. However, despite a low payout ratio of 32.9%, dividends are not covered by free cash flows, raising sustainability concerns. Recent announcements include increased quarterly dividends to JPY 90 per share and a year-end forecast of JPY 95 per share for FY ending March 2025, amid strong earnings growth projections and favorable corporate guidance.

• Take a closer look at Mitsubishi Shokuhin's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that Mitsubishi Shokuhin is trading behind its estimated value.

Mizuho Financial Group (TSE:8411)

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

Overview: Mizuho Financial Group, Inc. operates in banking, trust, securities, and other financial services globally with a market cap of approximately ¥10.03 trillion.

Operations: Mizuho Financial Group's revenue segments include ¥548.64 billion from The Global Markets Company, ¥781.14 billion from the Retail & Business Banking Company, and ¥59.20 billion from The Asset Management Company.

Dividend Yield: 3.3%

Mizuho Financial Group offers a stable dividend yield of 3.28%, though it is below the top 25% in Japan. Dividends have grown steadily over the past decade and are well-covered by earnings, with a payout ratio of 36.7%. Recent updates include an interim dividend increase to ¥65 per share and completion of a share buyback program worth ¥59.43 billion, enhancing shareholder returns while maintaining capital adequacy for future growth investments.

• Delve into the full analysis dividend report here for a deeper understanding of Mizuho Financial Group.
• Our valuation report unveils the possibility Mizuho Financial Group's shares may be trading at a discount.

Where To Now?

• Take a closer look at our Top Dividend Stocks list of 1983 companies by clicking here.
• 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.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Seeking Other Investments?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com