3 Top Dividend Stocks With Yields Up To 5.9%

As global markets experience broad-based gains and U.S. indexes approach record highs, investors are navigating an environment marked by strong labor market data and positive sentiment in the housing sector. In this context, dividend stocks can offer a compelling opportunity for those seeking income stability amidst geopolitical tensions and economic uncertainties.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.34%	★★★★★★
CAC Holdings (TSE:4725)	4.55%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.29%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.40%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.97%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.42%	★★★★★★
E J Holdings (TSE:2153)	3.87%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1982 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Taekyung Industry.Co (KOSE:A015890)

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

Overview: Taekyung Industry.Co., Ltd. manufactures and sells ferroalloy and calcium carbonate materials both in South Korea and internationally, with a market cap of ₩154.04 billion.

Operations: Taekyung Industry.Co., Ltd.'s revenue is derived from the production and sale of ferroalloy and calcium carbonate materials in both domestic and international markets.

Dividend Yield: 5.1%

Taekyung Industry's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 29.1% and 27.7%, respectively, indicating sustainability. The dividend yield of 5.12% ranks in the top quartile of the KR market, though dividends have been paid for only five years and have decreased over time, reflecting some inconsistency. Despite this volatility, the stock trades significantly below its estimated fair value, potentially offering good value to investors seeking dividends.

• Click here to discover the nuances of Taekyung Industry.Co with our detailed analytical dividend report.
• Our expertly prepared valuation report Taekyung Industry.Co implies its share price may be lower than expected.

New Wave Group (OM:NEWA B)

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

Overview: New Wave Group AB (publ) designs, acquires, and develops brands and products across the corporate, sports, gifts, and home furnishings sectors in various international markets with a market cap of SEK12.96 billion.

Operations: New Wave Group AB generates revenue from three main segments: Corporate (SEK4.64 billion), Sports & Leisure (SEK3.92 billion), and Gifts & Home Furnishings (SEK874.90 million).

Dividend Yield: 3.6%

New Wave Group's dividend yield of 3.58% is below the top quartile in Sweden, yet its dividends are well-covered by earnings and cash flows with payout ratios of 51.5% and 36.2%, respectively, indicating sustainability. Despite a history of volatility and unreliability over the past decade, dividends have grown overall during this period. Recent earnings showed a decline in net income to SEK 204.2 million for Q3, highlighting potential challenges amidst executive changes like the new CFO appointment.

• Click here and access our complete dividend analysis report to understand the dynamics of New Wave Group.
• Our comprehensive valuation report raises the possibility that New Wave Group is priced lower than what may be justified by its financials.

UNITED (TSE:2497)

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

Overview: UNITED, Inc. operates in Japan focusing on ad-technology, content, and investment businesses with a market cap of ¥31.56 billion.

Operations: UNITED, Inc. generates revenue through its operations in ad-technology, content, and investment sectors within Japan.

Dividend Yield: 6%

United's dividend yield of 5.96% ranks in the top 25% of JP market payers but lacks sustainability due to inadequate free cash flow coverage and a high payout ratio. Although dividends have grown over the past decade, they remain volatile and unreliable. The stock trades at a slight discount to its estimated fair value, yet recent profit margins have significantly declined from last year, raising concerns about future earnings stability and dividend sustainability.

• Take a closer look at UNITED's potential here in our dividend report.
• Insights from our recent valuation report point to the potential overvaluation of UNITED shares in the market.

Summing It All Up

• Embark on your investment journey to our 1982 Top Dividend Stocks selection here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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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