3 Dividend Stocks To Consider With Yields Up To 8.2%

In a week marked by busy earnings reports and fluctuating economic signals, global markets saw major indices finish mostly lower, with growth stocks lagging behind value shares. Amidst this backdrop of volatility and cautious investor sentiment, dividend stocks present a compelling option for those seeking steady income streams. A good dividend stock often combines a reliable yield with the potential for long-term stability, making it an attractive choice in uncertain market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
Mitsubishi Shokuhin (TSE:7451)	3.86%	★★★★★★
Globeride (TSE:7990)	4.12%	★★★★★★
Intelligent Wave (TSE:4847)	3.97%	★★★★★★
Innotech (TSE:9880)	4.86%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.22%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.57%	★★★★★★
GakkyushaLtd (TSE:9769)	4.59%	★★★★★★
KurimotoLtd (TSE:5602)	5.10%	★★★★★★

Click here to see the full list of 2037 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Univanich Palm Oil (SET:UVAN)

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

Overview: Univanich Palm Oil Public Company Limited operates oil palm plantations, crushing mills, and engages in oil palm research and seed businesses in Thailand, with a market cap of THB8.55 billion.

Operations: Univanich Palm Oil Public Company Limited generates revenue through its operations in oil palm plantations, crushing mills, and oil palm research and seed businesses.

Dividend Yield: 8.2%

Univanich Palm Oil's dividend payments are supported by earnings and cash flows, with payout ratios of 71.3% and 73.6%, respectively. Despite offering a high dividend yield of 8.24%, which is above the market average, its dividends have been volatile over the past decade, affecting reliability perceptions. Recent financials show improved net income for Q2 at THB 664.79 million, indicating potential strength in earnings capacity to support future dividends despite being dropped from the S&P Global BMI Index recently.

• Click here to discover the nuances of Univanich Palm Oil with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, Univanich Palm Oil's share price might be too pessimistic.

Sinon (TWSE:1712)

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

Overview: Sinon Corporation manufactures and sells various chemicals and fertilizers, with a market cap of NT$18.17 billion.

Operations: Sinon Corporation generates revenue through its Supermarket Department (NT$4.20 billion) and Plant Protection Department (NT$11.67 billion).

Dividend Yield: 6.5%

Sinon Corporation's dividend yield of 6.48% ranks in the top 25% of Taiwan's market, but its sustainability is questionable due to a high payout ratio of 115.1%, indicating dividends are not well covered by earnings. Although cash flows cover the current payout ratio of 79.9%, past dividend payments have been volatile and unreliable over the last decade. Recent earnings show a decline in net income despite increased sales, highlighting potential challenges for future dividend stability.

• Click here and access our complete dividend analysis report to understand the dynamics of Sinon.
• Our valuation report here indicates Sinon may be overvalued.

Chicony Electronics (TWSE:2385)

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

Overview: Chicony Electronics Co., Ltd. manufactures and sells electronic parts and components both in Taiwan and internationally, with a market cap of NT$120.07 billion.

Operations: Chicony Electronics Co., Ltd. generates revenue from its Computer Peripherals segment, amounting to NT$97.76 billion.

Dividend Yield: 4.7%

Chicony Electronics offers a high and reliable dividend yield of 4.73%, placing it in the top 25% of Taiwan's market. The company's dividends are well-supported by earnings, with a payout ratio of 67.1%, and cash flows, with a cash payout ratio of 53.7%. Over the past decade, dividends have been stable and growing without volatility. Recent financial results show improved net income despite slightly lower sales, supporting continued dividend sustainability.

• Dive into the specifics of Chicony Electronics here with our thorough dividend report.
• Our expertly prepared valuation report Chicony Electronics implies its share price may be lower than expected.

Turning Ideas Into Actions

• Navigate through the entire inventory of 2037 Top Dividend Stocks 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.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

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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