United Overseas Bank And 2 Other Compelling Dividend Stocks To Consider

As global markets navigate a busy earnings season and fluctuating economic signals, major indices have experienced notable volatility, with growth stocks lagging behind value shares. Amid this backdrop of cautious investor sentiment and mixed economic data, dividend stocks continue to attract attention for their potential to provide steady income streams. In this article, we explore United Overseas Bank and two other compelling dividend stocks that may offer resilience in uncertain times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.92%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.69%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.50%	★★★★★★
Allianz (XTRA:ALV)	4.77%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.46%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.33%	★★★★★★
James Latham (AIM:LTHM)	6.23%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.53%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.94%	★★★★★★

Click here to see the full list of 1950 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

United Overseas Bank (SGX:U11)

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

Overview: United Overseas Bank Limited, along with its subsidiaries, offers a range of banking products and services globally and has a market capitalization of SGD55.67 billion.

Operations: United Overseas Bank Limited generates its revenue primarily from Group Wholesale Banking (SGD6.69 billion), Group Retail (SGD5.11 billion), and Global Markets (SGD400 million).

Dividend Yield: 4.9%

United Overseas Bank's dividend sustainability is supported by a reasonable payout ratio of 51.9%, indicating coverage by earnings. Despite past volatility and unreliability in dividend payments, dividends have grown over the last decade. Trading at 49.3% below estimated fair value, it presents potential upside for investors seeking value. However, its current yield of 4.93% lags behind top-tier payers in Singapore's market, and earnings growth is forecast at a moderate 5.1% annually.

• Click here to discover the nuances of United Overseas Bank with our detailed analytical dividend report.
• The analysis detailed in our United Overseas Bank valuation report hints at an deflated share price compared to its estimated value.

Tokai Carbon (TSE:5301)

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

Overview: Tokai Carbon Co., Ltd. manufactures and sells carbon-related products and services in Japan, with a market cap of ¥206.02 billion.

Operations: Tokai Carbon's revenue segments include Fine Carbon at ¥53.71 billion, Graphite Electrodes at ¥51.48 billion, Smelting and Lining at ¥69.80 billion, Carbon Black Business at ¥156.69 billion, and Industrial Furnaces and Related Products at ¥14.31 billion.

Dividend Yield: 3.1%

Tokai Carbon's dividend reliability is challenged by past volatility, with recent cuts reducing dividends to JPY 15.00 per share from JPY 18.00 a year ago. Despite this, the payout ratio of 72.7% and cash payout ratio of 78.1% indicate coverage by earnings and cash flows, respectively. However, its yield of 3.1% is below Japan's top-tier payers' average of 3.76%, and profit margins have decreased to 2.7%.

• Click to explore a detailed breakdown of our findings in Tokai Carbon's dividend report.
• Our expertly prepared valuation report Tokai Carbon implies its share price may be too high.

Nichicon (TSE:6996)

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

Overview: Nichicon Corporation, with a market cap of ¥77.92 billion, manufactures and sells capacitors and circuit products for electric and electronic products across Japan, the United States, Europe, Asia, and internationally.

Operations: Nichicon Corporation's revenue segments include capacitors and circuit products for electric and electronic applications across various regions, including Japan, the United States, Europe, Asia, and other international markets.

Dividend Yield: 3.1%

Nichicon's dividend yield of 3.06% is below the top 25% of Japanese payers, yet its dividends are well-supported by earnings and cash flows, with low payout ratios of 18.6% and 29.9%, respectively. Over the past decade, Nichicon has maintained stable and growing dividend payments. Although profit margins have decreased from last year, the stock trades at a good value compared to peers and industry standards, offering potential for value-focused investors.

• Navigate through the intricacies of Nichicon with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that Nichicon is priced lower than what may be justified by its financials.

Key Takeaways

• Dive into all 1950 of the Top Dividend Stocks we have identified here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Ready For A Different Approach?

• 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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