Toyota Caetano Portugal Joins 2 Other Top Dividend Stocks

In a week marked by fluctuating global markets and policy uncertainties, investors are closely watching how these dynamics influence different sectors. Amidst this backdrop, dividend stocks remain an attractive option for those seeking steady income streams, especially as interest rate expectations adjust and economic indicators show mixed signals. Understanding what makes a good dividend stock is crucial in such volatile times; consistent payout history and financial stability are key factors to consider when navigating the current market landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.57%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.68%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.13%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.25%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.74%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.52%	★★★★★★
Petrol d.d (LJSE:PETG)	5.83%	★★★★★★
E J Holdings (TSE:2153)	3.84%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.57%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.46%	★★★★★★

Click here to see the full list of 1962 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Toyota Caetano Portugal (ENXTLS:SCT)

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

Overview: Toyota Caetano Portugal, S.A. imports, assembles, and commercializes light and heavy vehicles with a market cap of €196 million.

Operations: Toyota Caetano Portugal's revenue segments include Domestic Motor Vehicles Commercialization (€764.41 million), External Motor Vehicles Industry (€61.96 million), Domestic Industrial Equipment Machines (€12.25 million), and several smaller segments such as Domestic Motor Vehicles Services (€24.70 million) and External Motor Vehicles Commercialization (€28.15 million).

Dividend Yield: 5.4%

Toyota Caetano Portugal's recent earnings report showed strong growth, with revenue increasing to €349.63 million and net income rising to €13.67 million for the half year ended June 30, 2024. Despite this growth, its dividend history is marked by volatility and unreliability over the past decade. The dividend yield of 5.36% is below top-tier levels in Portugal, but dividends are well-covered by earnings (47.2%) and cash flow (65.8%).

• Delve into the full analysis dividend report here for a deeper understanding of Toyota Caetano Portugal.
• The analysis detailed in our Toyota Caetano Portugal valuation report hints at an inflated share price compared to its estimated value.

Panora Gayrimenkul Yatirim Ortakligi (IBSE:PAGYO)

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

Overview: Panora Gayrimenkul Yatirim Ortakligi A.S. operates in the real estate investment sector with a market capitalization of TRY5.61 billion.

Operations: Panora Gayrimenkul Yatirim Ortakligi A.S. generates revenue primarily from its REIT - Commercial segment, amounting to TRY574.41 million.

Dividend Yield: 4.4%

Panora Gayrimenkul Yatirim Ortakligi's recent earnings reveal significant growth, with third-quarter sales rising to TRY 224.58 million and net income increasing to TRY 154.8 million. Despite a top-tier dividend yield of 4.44% in Turkey, its dividend track record is unstable and unreliable over the past decade. However, dividends are well-covered by earnings (27%) and cash flows (26.5%), indicating sustainability despite historical volatility in payments.

• Click to explore a detailed breakdown of our findings in Panora Gayrimenkul Yatirim Ortakligi's dividend report.
• Our valuation report unveils the possibility Panora Gayrimenkul Yatirim Ortakligi's shares may be trading at a discount.

Intelligent Wave (TSE:4847)

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

Overview: Intelligent Wave Inc. offers system development services and system products both in Japan and internationally, with a market cap of ¥27.94 billion.

Operations: Intelligent Wave Inc.'s revenue primarily comes from its Software & Programming segment, which generated ¥14.90 billion.

Dividend Yield: 3.3%

Intelligent Wave's dividend yield of 3.28% is below the top quartile in Japan but remains reliable and stable over the past decade, with consistent increases. Dividends are well-covered by earnings (54.1%) and cash flows (75.9%), suggesting sustainability. The company has shown strong earnings growth of 43.1% recently, enhancing its payout potential despite trading at a discount to estimated fair value, which might appeal to value-focused investors seeking steady income streams in the Japanese market.

• Get an in-depth perspective on Intelligent Wave's performance by reading our dividend report here.
• The analysis detailed in our Intelligent Wave valuation report hints at an deflated share price compared to its estimated value.

Key Takeaways

• Discover the full array of 1962 Top Dividend Stocks right here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Interested In Other Possibilities?

• 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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