Central Glass And 2 Other Prominent Dividend Stocks To Consider

As global markets navigate a mixed landscape marked by fluctuating consumer confidence and shifting economic indicators, investors are increasingly seeking stability amidst the volatility. In this environment, dividend stocks can offer a reliable income stream and potential resilience, making them an attractive option for those looking to balance growth with steady returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.09%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.31%	★★★★★★
CAC Holdings (TSE:4725)	4.84%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.27%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.42%	★★★★★★
GakkyushaLtd (TSE:9769)	4.38%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.83%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.68%	★★★★★★
E J Holdings (TSE:2153)	3.82%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.15%	★★★★★★

Click here to see the full list of 1949 stocks from our Top Dividend Stocks screener.

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

Central Glass (TSE:4044)

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

Overview: Central Glass Co., Ltd. operates in the manufacture and sale of flat glass and chemical products both domestically in Japan and internationally, with a market cap of ¥82.28 billion.

Operations: Central Glass Co., Ltd.'s revenue is derived from its flat glass and chemical products segments, serving both domestic and international markets.

Dividend Yield: 5.1%

Central Glass offers a compelling dividend profile with stable and growing payments over the past decade. The company's dividends are well-covered by both earnings and cash flows, with payout ratios of 26.2% and 21.2%, respectively, ensuring sustainability. Trading at a slight discount to fair value, it provides good relative value compared to peers. Despite recent profit margin declines, its dividend yield remains attractive at 5.12%, ranking in the top tier of Japan's market payers.

• Click here to discover the nuances of Central Glass with our detailed analytical dividend report.
• According our valuation report, there's an indication that Central Glass' share price might be on the cheaper side.

SAXA (TSE:6675)

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

Overview: SAXA, Inc. operates through its subsidiaries to develop, manufacture, and sell equipment and components for information and communication systems in Japan, with a market cap of ¥16.53 billion.

Operations: SAXA, Inc. generates revenue of ¥38.70 billion from its Information and Communication System Equipment and Parts segment.

Dividend Yield: 4.7%

SAXA's dividend profile is mixed, with a high yield of 4.73% placing it in the top 25% of Japan's market payers. However, dividends have been volatile over the past decade and are not well-covered by cash flows, with a cash payout ratio of 341.3%. Although trading at a good value with a low P/E ratio of 6.9x compared to the market, sustainability remains questionable due to insufficient free cash flow coverage.

• Take a closer look at SAXA's potential here in our dividend report.
• Our valuation report here indicates SAXA may be undervalued.

Sun-Wa Technos (TSE:8137)

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

Overview: Sun-Wa Technos Corporation is involved in the distribution of electrical machinery, electronics, and general machinery both in Japan and internationally, with a market cap of ¥34.28 billion.

Operations: Sun-Wa Technos Corporation generates its revenue primarily from Japan, contributing ¥104.05 billion, followed by Asia with ¥50.31 billion, and Europe & North America with ¥6.98 billion.

Dividend Yield: 5.3%

Sun-Wa Technos offers a compelling dividend profile with a recent increase to ¥50.00 per share, and an expected annual payout of ¥70.00 per share for the fiscal year ending March 2025. The company's dividends are reliably covered by earnings and cash flows, featuring a low payout ratio of 47.2% and cash payout ratio of 17.2%. Despite lower profit margins compared to last year, its high yield remains attractive within Japan's top quartile for dividend payers.

• Click here and access our complete dividend analysis report to understand the dynamics of Sun-Wa Technos.
• Our valuation report unveils the possibility Sun-Wa Technos' shares may be trading at a discount.

Key Takeaways

• Take a closer look at our Top Dividend Stocks list of 1949 companies by clicking here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Contemplating Other Strategies?

• 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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