Three Compelling Dividend Stocks To Consider

As global markets navigate a landscape marked by accelerating inflation and climbing stock indexes, investors are increasingly seeking stability amidst volatility. In such an environment, dividend stocks can offer a compelling option for those looking to balance growth potential with income generation.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	3.93%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.69%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.92%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.24%	★★★★★★
CAC Holdings (TSE:4725)	4.05%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.68%	★★★★★★
GakkyushaLtd (TSE:9769)	4.48%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.40%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.27%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.29%	★★★★★★

Click here to see the full list of 1993 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

KX Innovation (KOSDAQ:A122450)

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

Overview: KX Innovation Co., Ltd. offers broadcasting transmission and channel services with a market cap of ₩146.77 billion.

Operations: KX Innovation Co., Ltd. generates revenue through its broadcasting transmission and channel services.

Dividend Yield: 5.4%

KX Innovation's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 8.2% and 11.7%, respectively. Despite a top-tier yield of 5.37% in the KR market, its dividend history is less than a decade old and marked by volatility, including annual drops over 20%. Recent earnings growth was strong at 303.7%, but large one-off items have impacted financial results, raising concerns about sustainability and reliability.

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

SpareBank 1 SMN (OB:MING)

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

Overview: SpareBank 1 SMN, along with its subsidiaries, offers a range of banking, accounting, and real estate services to individuals and businesses in Norway and internationally, with a market cap of NOK25.92 billion.

Operations: SpareBank 1 SMN generates revenue through its key segments, including Retail Banking (NOK3.06 billion), Corporate Banking (NOK1.85 billion), Sunnmøre and Fjordane (NOK1.00 billion), Eiendoms Megler 1 Midt-Norge (NOK512 million), Sparebank 1 Finans Midt-Norge (NOK433 million), and Sparebank 1 Regnskapshuset SMN (NOK808 million).

Dividend Yield: 6.9%

SpareBank 1 SMN's dividend payments have been reliable and stable over the past decade, with a proposed cash dividend of NOK 12.50 per equity certificate for 2024. Despite a lower yield compared to top-tier Norwegian payers, the payout ratio of 62.2% indicates dividends are well-covered by earnings. Recent earnings growth supports future payouts, with net income rising to NOK 4.49 billion in 2024 from NOK 3.62 billion in the previous year, reflecting strong financial performance.

• Get an in-depth perspective on SpareBank 1 SMN's performance by reading our dividend report here.
• Our valuation report unveils the possibility SpareBank 1 SMN's shares may be trading at a discount.

Sparebanken Vest (OB:SVEG)

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

Overview: Sparebanken Vest is a financial services company offering banking and financing services in the counties of Vestland and Rogaland, Norway, with a market cap of NOK15.20 billion.

Operations: Sparebanken Vest generates its revenue primarily from banking and financing services in the regions of Vestland and Rogaland, Norway.

Dividend Yield: 6.1%

Sparebanken Vest plans a NOK 8.50 dividend per equity certificate for 2024, with dividends well-covered by earnings at a 45.9% payout ratio. Earnings grew significantly to NOK 4.65 billion in 2024 from NOK 3.55 billion the previous year, indicating strong financial health despite its volatile dividend history over the past decade. The stock trades at an attractive value, though its dividend yield is lower than top-tier Norwegian payers and relies on higher-risk funding sources for liabilities.

• Dive into the specifics of Sparebanken Vest here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that Sparebanken Vest is trading behind its estimated value.

Seize The Opportunity

• Embark on your investment journey to our 1993 Top Dividend Stocks selection here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Curious About Other Options?

• 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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