3 Dividend Stocks Offering Yields Up To 4.3%

In the wake of a significant "red sweep" in the U.S. elections, global markets have responded with optimism, pushing major indices like the S&P 500 to record highs as investors anticipate favorable economic policies. Despite uncertainties surrounding trade and inflation, dividend stocks continue to attract attention for their potential to provide steady income streams amidst fluctuating market conditions. In this environment, a good dividend stock is characterized by its ability to offer reliable yields while maintaining strong fundamentals that can withstand economic shifts.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.19%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.90%	★★★★★★
Globeride (TSE:7990)	4.12%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.21%	★★★★★★
Allianz (XTRA:ALV)	4.81%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.52%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.15%	★★★★★★
E J Holdings (TSE:2153)	3.81%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.47%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.43%	★★★★★★

Click here to see the full list of 1940 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Mitsubishi Steel Mfg (TSE:5632)

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

Overview: Mitsubishi Steel Mfg. Co., Ltd. is engaged in the manufacturing and sale of steel products, construction machinery parts, automotive parts, and machinery equipment, with a market cap of approximately ¥21.09 billion.

Operations: Mitsubishi Steel Mfg. Co., Ltd. generates revenue through its diverse operations in steel products, construction machinery parts, automotive components, and machinery equipment.

Dividend Yield: 4.3%

Mitsubishi Steel Mfg. offers a dividend yield of 4.33%, placing it in the top 25% of Japanese market payers, yet its dividends are not well-covered by earnings due to unprofitability. While dividends have increased over the past decade, they remain volatile and unreliable, with a low cash payout ratio indicating coverage by cash flows despite high debt levels. The stock trades significantly below estimated fair value, suggesting potential for capital appreciation alongside dividend income.

• Dive into the specifics of Mitsubishi Steel Mfg here with our thorough dividend report.
• Our expertly prepared valuation report Mitsubishi Steel Mfg implies its share price may be lower than expected.

Okinawa Financial Group (TSE:7350)

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

Overview: Okinawa Financial Group, Inc. offers a range of financial services and has a market capitalization of ¥52.48 billion.

Operations: Okinawa Financial Group, Inc. generates its revenue through diverse financial services, with total revenue amounts detailed in millions of ¥.

Dividend Yield: 3.3%

Okinawa Financial Group provides a stable dividend yield of 3.25%, although it falls short of the top quartile in Japan. The dividends have been reliably paid and increased over the past decade, supported by a low payout ratio of 12.3%, ensuring coverage by earnings. Despite trading at 44.2% below its estimated fair value, indicating potential undervaluation, the allowance for bad loans is relatively low at 45%. Future dividend sustainability remains uncertain due to insufficient data.

• Delve into the full analysis dividend report here for a deeper understanding of Okinawa Financial Group.
• The valuation report we've compiled suggests that Okinawa Financial Group's current price could be quite moderate.

Iino Kaiun Kaisha (TSE:9119)

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

Overview: Iino Kaiun Kaisha, Ltd. operates in the global shipping and real estate sectors with a market cap of ¥119.24 billion.

Operations: Iino Kaiun Kaisha, Ltd.'s revenue is primarily derived from its Oceangoing Shipping segment at ¥120.49 billion, with additional contributions from its Real Estate Business at ¥13.12 billion and Short-Sea/Domestic Shipping at ¥10.85 billion.

Dividend Yield: 4.3%

Iino Kaiun Kaisha's dividend yield of 4.35% ranks in the top 25% of Japanese dividend payers, supported by a low payout ratio of 30.1%. Despite this, dividends have been volatile over the past decade and are considered unreliable due to fluctuations. The company's financial position is weakened by high debt levels. Recently, Iino Kaiun was delisted from OTC Equity due to inactivity, which may impact investor confidence in its stock stability and liquidity.

• Click to explore a detailed breakdown of our findings in Iino Kaiun Kaisha's dividend report.
• Upon reviewing our latest valuation report, Iino Kaiun Kaisha's share price might be too pessimistic.

Next Steps

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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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