Top 3 Dividend Stocks To Consider For Your Portfolio

As global markets navigate a complex landscape marked by interest rate adjustments and fluctuating economic indicators, investors are increasingly seeking stability amidst uncertainty. With major indices experiencing mixed performances and inflationary pressures persisting, dividend stocks offer a compelling option for those looking to balance their portfolios with reliable income streams.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.70%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.27%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.22%	★★★★★★
CAC Holdings (TSE:4725)	4.76%	★★★★★★
Yamato Kogyo (TSE:5444)	4.11%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.43%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.97%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.67%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.55%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.23%	★★★★★★

Click here to see the full list of 1858 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Far Eastern University (PSE:FEU)

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

Overview: Far Eastern University, Incorporated operates the Far Eastern University in Manila, Philippines, with a market cap of ₱17.32 billion.

Operations: Far Eastern University, Incorporated generates its revenue from several segments: FEU Main contributing ₱2.89 billion, Other Schools providing ₱795.36 million, and Trimestral Schools adding ₱1.81 billion.

Dividend Yield: 4.4%

Far Eastern University offers a mixed dividend profile. Despite a low payout ratio of 40%, indicating dividends are well covered by earnings and cash flows, the company's dividend yield of 4.44% is below the top quartile in the Philippine market. Recent earnings show increased revenue but also a growing net loss, which may impact future payouts. Additionally, while dividends have grown over the past decade, they remain volatile and unreliable.

• Click to explore a detailed breakdown of our findings in Far Eastern University's dividend report.
• The valuation report we've compiled suggests that Far Eastern University's current price could be quite moderate.

CTCI (TWSE:9933)

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

Overview: CTCI Corporation is involved in the design, surveying, construction, and inspection of engineering and construction plants, machinery and equipment, as well as environmental protection projects across Taiwan, the United States, and internationally with a market cap of NT$32.99 billion.

Operations: CTCI Corporation's revenue is primarily derived from its Construction Engineering Department, generating NT$119.09 billion, followed by the Environmental Resources Service at NT$8.65 billion and the General Sales Department contributing NT$880.36 million.

Dividend Yield: 5.1%

CTCI's dividend yield of 5.06% ranks in the top 25% within the TW market, yet its dividends are not supported by free cash flows. The payout ratio of 80.3% suggests coverage by earnings, but historical volatility and unreliability raise concerns about sustainability. Despite trading at a favorable price-to-earnings ratio compared to peers, recent earnings show mixed results with increased sales but decreased quarterly net income, which may affect future dividend stability.

• Get an in-depth perspective on CTCI's performance by reading our dividend report here.
• Our valuation report here indicates CTCI may be undervalued.

WashTec (XTRA:WSU)

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

Overview: WashTec AG offers car wash solutions across Germany, Europe, North America, and the Asia Pacific with a market cap of €527.26 million.

Operations: WashTec AG's revenue segments include North America with €87.58 million and a segment adjustment of €390.43 million.

Dividend Yield: 5.5%

WashTec's dividend yield of 5.47% is among the top in Germany, yet it faces sustainability challenges due to a high payout ratio of 103.4%, not fully covered by earnings. Despite a reasonable cash payout ratio of 62.2%, dividends have been volatile and unreliable over the past decade. Recent earnings show slight growth but decreased quarterly sales and net income, potentially impacting future payouts despite trading below estimated fair value and expected stock price appreciation.

• Take a closer look at WashTec's potential here in our dividend report.
• Upon reviewing our latest valuation report, WashTec's share price might be too pessimistic.

Turning Ideas Into Actions

• Explore the 1858 names from our Top Dividend Stocks screener here.
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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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