Thai Oil And 2 Other Dividend Stocks To Enhance Your Portfolio

As global markets navigate the complexities of rising inflation and shifting trade policies, U.S. stock indexes are nearing record highs, driven by investor optimism and strategic economic decisions. In this environment, dividend stocks like Thai Oil can offer stability and income potential, making them an attractive addition to a diversified portfolio amidst market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	5.93%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.93%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.69%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.92%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
CAC Holdings (TSE:4725)	4.06%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.92%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.68%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.40%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.27%	★★★★★★

Click here to see the full list of 1990 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Thai Oil (SET:TOP)

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

Overview: Thai Oil Public Company Limited operates in oil refining, distribution, petrochemicals, and lube base oil sectors both in Thailand and internationally, with a market cap of THB58.64 billion.

Operations: Thai Oil's revenue segments primarily consist of Oil Refinery (THB497.53 billion), Aromatics and Lab (THB80.53 billion), Lube Base Oil Refinery (THB25.74 billion), Solvent (THB19.73 billion), and Power Generation (THB11.83 billion).

Dividend Yield: 7.5%

Thai Oil's dividend payments have been volatile over the past decade, with recent decreases highlighting this trend. Despite a low cash payout ratio of 14.1% and a reasonable payout ratio of 42.6%, ensuring dividends are covered by earnings and cash flows, the company's unstable dividend track record poses concerns for investors seeking reliability. The latest financial results show decreased net income to THB 9.96 billion, affecting overall profitability and potentially impacting future dividend stability.

• Unlock comprehensive insights into our analysis of Thai Oil stock in this dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Thai Oil shares in the market.

Ono Pharmaceutical (TSE:4528)

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

Overview: Ono Pharmaceutical Co., Ltd., along with its subsidiaries, is engaged in the production, purchase, and sale of pharmaceuticals and diagnostic reagents globally, with a market cap of ¥716.07 billion.

Operations: Ono Pharmaceutical Co., Ltd. generates revenue primarily from its Pharmaceutical Business, which amounts to ¥487.33 billion.

Dividend Yield: 5.2%

Ono Pharmaceutical's dividends have been consistently stable and growing over the past decade, supported by a reasonable payout ratio of 50.8% and a cash payout ratio of 49.6%, indicating strong coverage by earnings and cash flows. The dividend yield stands at 5.16%, placing it in the top quartile among Japanese dividend payers, while trading at a significant discount to its estimated fair value enhances its appeal for income-focused investors seeking reliable returns amidst recent strategic collaborations in oncology drug discovery.

• Take a closer look at Ono Pharmaceutical's potential here in our dividend report.
• Our valuation report unveils the possibility Ono Pharmaceutical's shares may be trading at a discount.

Shinkong Insurance (TWSE:2850)

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

Overview: Shinkong Insurance Co., Ltd. operates as a provider of property insurance for individuals and corporates in Taiwan, with a market cap of NT$31.75 billion.

Operations: Shinkong Insurance Co., Ltd. generates its revenue from property insurance, amounting to NT$20.59 billion.

Dividend Yield: 4.9%

Shinkong Insurance's dividends, covered by a 48.5% payout ratio and 59.2% cash payout ratio, are supported by earnings and cash flows. Despite being in the top quartile of Taiwan's dividend payers with a 4.94% yield, its dividends have been volatile over the past decade. Trading at a significant discount to estimated fair value may interest investors, though its dividend reliability remains uncertain amidst recent contract renewals with Shin-Kong Life Real Estate Service Co., Ltd.

• Navigate through the intricacies of Shinkong Insurance with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that Shinkong Insurance is trading behind its estimated value.

Taking Advantage

• Investigate our full lineup of 1990 Top Dividend Stocks right here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Seeking Other Investments?

• 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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