Top 3 Global Dividend Stocks To Enhance Your Portfolio

In the current global market landscape, characterized by declining consumer confidence and heightened economic uncertainty, investors are increasingly seeking stability amidst volatility. Dividend stocks can offer a reliable income stream and potential for long-term growth, making them an attractive option for those looking to enhance their portfolios in such uncertain times.

Top 10 Dividend Stocks Globally

Click here to see the full list of 1412 stocks from our Top Global Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Sakata INX (TSE:4633)

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

Overview: Sakata INX Corporation manufactures and sells a range of printing inks and auxiliary agents both in Japan and internationally, with a market cap of ¥93.41 billion.

Operations: Sakata INX Corporation generates revenue from several segments, including Printing Ink in Asia (¥58.28 billion), Europe (¥21.45 billion), and the Americas (¥87.86 billion), as well as Digital and Specialty Products (¥19.41 billion) and Printing Ink Equipment in Japan (¥52.81 billion).

Dividend Yield: 4.6%

Sakata INX's dividends have been stable and reliable over the past decade, with a recent increase in guidance to JPY 45 per share for 2024, up from JPY 30. Despite a high cash payout ratio of 299.1%, its low earnings payout ratio of 38.8% suggests dividends are well covered by earnings but not by free cash flows. The dividend yield of 4.63% is among the top in Japan, though sustainability concerns persist due to cash flow coverage issues.

• Unlock comprehensive insights into our analysis of Sakata INX stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Sakata INX is priced lower than what may be justified by its financials.

Tokyo Tekko (TSE:5445)

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

Overview: Tokyo Tekko Co., Ltd. manufactures and sells steel products for the construction industry in Japan, with a market cap of ¥53.03 billion.

Operations: Tokyo Tekko Co., Ltd.'s revenue primarily comes from its Steel Business segment, which generated ¥83.37 billion.

Dividend Yield: 5.4%

Tokyo Tekko's dividend yield of 5.38% places it among the top 25% in Japan, although its dividend history has been volatile over the past decade. Despite this instability, dividends are well covered by earnings and cash flows, with payout ratios of 27.1% and 32.5%, respectively. The recent buyback of shares for ¥499.41 million may signal management's confidence in financial stability, yet investors should be cautious due to historical volatility in payouts.

• Delve into the full analysis dividend report here for a deeper understanding of Tokyo Tekko.
• Upon reviewing our latest valuation report, Tokyo Tekko's share price might be too pessimistic.

Furuno Electric (TSE:6814)

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

Overview: Furuno Electric Co., Ltd. manufactures and sells marine and industrial electronics equipment, wireless LAN systems, and handy terminals across Japan, the Americas, Europe, Asia, and internationally with a market cap of ¥79.03 billion.

Operations: Furuno Electric Co., Ltd.'s revenue segments include the manufacture and sale of marine and industrial electronics equipment, wireless LAN systems, and handy terminals across various global markets.

Dividend Yield: 3%

Furuno Electric's dividend yield of 3.01% is below the top tier in Japan, and its dividend history has been volatile over the past decade. Despite this, dividends are well covered by earnings and cash flows, with payout ratios of 14.6% and 73.5%, respectively. The company's price-to-earnings ratio of 9.1x suggests good value compared to the broader market, although investors should consider its historically unstable dividend track record when evaluating potential returns.

• Click here and access our complete dividend analysis report to understand the dynamics of Furuno Electric.
• The analysis detailed in our Furuno Electric valuation report hints at an inflated share price compared to its estimated value.

Next Steps

• Dive into all 1412 of the Top Global Dividend Stocks we have identified here.
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Want To Explore Some Alternatives?

• 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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