Discover 3 Dividend Stocks Yielding Up To 5.7%

As global markets react to the anticipated policy shifts following a "red sweep" in U.S. elections, investors are witnessing significant rallies across major indices, with the S&P 500 experiencing its best gain in nearly a year. Amid this backdrop of political and economic changes, dividend stocks continue to attract attention for their potential to provide steady income streams, especially when market volatility is high. In such an environment, selecting dividend stocks that offer robust yields and stability can be an effective strategy for investors seeking consistent returns amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.63%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	6.90%	★★★★★★
Allianz (XTRA:ALV)	4.81%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.45%	★★★★★★
E J Holdings (TSE:2153)	3.81%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.32%	★★★★★★
James Latham (AIM:LTHM)	6.15%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.47%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.43%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1937 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Thai Plaspac (SET:TPAC)

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

Overview: Thai Plaspac Public Company Limited, along with its subsidiaries, is involved in the design, manufacture, and distribution of rigid plastic packaging products both in Thailand and internationally, with a market cap of THB3.59 billion.

Operations: The company's revenue primarily comes from the manufacture and distribution of plastic packaging, amounting to THB7.18 billion.

Dividend Yield: 4.1%

Thai Plaspac's recent earnings report shows some challenges with declining net income and basic earnings per share compared to last year, though revenue has increased. The company offers a dividend yield of 4.09%, which is below the top quartile in the Thai market. While dividends are covered by both earnings and cash flows, they have been unstable over the past decade with instances of significant drops. Despite trading below estimated fair value, high debt levels may impact financial stability for consistent dividend payouts.

• Click to explore a detailed breakdown of our findings in Thai Plaspac's dividend report.
• Our comprehensive valuation report raises the possibility that Thai Plaspac is priced lower than what may be justified by its financials.

Unitech Computer (TWSE:2414)

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

Overview: Unitech Computer Co., Ltd. operates in the information technology product channel business across Asia, America, Europe, and Oceania with a market cap of NT$6.07 billion.

Operations: Unitech Computer Co., Ltd. derives its revenue from the information technology product channel business across multiple regions including Asia, America, Europe, and Oceania.

Dividend Yield: 5.7%

Unitech Computer's dividend yield of 5.74% ranks in the top 25% of the TW market, yet its sustainability is questionable due to a high cash payout ratio of 6786.6%. Although earnings growth has been steady at 4.6% annually over five years, dividends have been volatile with significant annual drops exceeding 20%. Despite a favorable price-to-earnings ratio of 15.4x compared to the market average, recent earnings improvements may not offset concerns about dividend reliability and coverage by free cash flows.

• Click here and access our complete dividend analysis report to understand the dynamics of Unitech Computer.
• Insights from our recent valuation report point to the potential overvaluation of Unitech Computer shares in the market.

Rich Honour International Designs (TWSE:6754)

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

Overview: Rich Honour International Designs Co., Ltd. operates in the design industry and has a market cap of NT$4.55 billion.

Operations: Rich Honour International Designs Co., Ltd. generates revenue primarily from its Decoration Engineering Business, amounting to NT$5.37 billion.

Dividend Yield: 4.8%

Rich Honour International Designs has demonstrated robust earnings growth, with a 39.1% increase over the past year, supporting its dividend payments. The company offers a dividend yield of 4.82%, placing it in the top quartile of TW market payers. Dividends are well-covered by earnings and cash flows, with payout ratios at 53% and 72%, respectively. However, dividends have been paid for less than a decade, suggesting limited historical reliability despite recent stability and growth.

• Get an in-depth perspective on Rich Honour International Designs' performance by reading our dividend report here.
• The analysis detailed in our Rich Honour International Designs valuation report hints at an deflated share price compared to its estimated value.

Summing It All Up

• Take a closer look at our Top Dividend Stocks list of 1937 companies by clicking here.
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Ready To Venture Into Other Investment Styles?

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• 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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