Three Prominent Dividend Stocks To Enhance Your Portfolio

As global markets navigate a choppy start to the year, marked by inflation concerns and political uncertainties, investors are increasingly seeking stability amid fluctuating indices. In such an environment, dividend stocks can offer a reliable income stream and potential for long-term growth, making them an attractive option for enhancing portfolio resilience.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.12%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.53%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.53%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.53%	★★★★★★
GakkyushaLtd (TSE:9769)	4.42%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.49%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.66%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.99%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.96%	★★★★★★
DoshishaLtd (TSE:7483)	3.93%	★★★★★★

Click here to see the full list of 1994 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri (IBSE:VAKKO)

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

Overview: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri operates in the textile and ready-to-wear clothing industry, with a market capitalization of TRY12.42 billion.

Operations: Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri generates revenue primarily from its apparel segment, amounting to TRY10.29 billion.

Dividend Yield: 3.1%

Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri's dividends are well-supported by both earnings and cash flows, with payout ratios of 30.5% and 31.3%, respectively. Despite recent declines in net income, the company's dividend yield of 3.08% ranks it among the top 25% in Turkey's market. However, Vakko has a relatively short dividend history of four years, which may be a consideration for investors seeking long-term reliability.

• Unlock comprehensive insights into our analysis of Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri stock in this dividend report.
• According our valuation report, there's an indication that Vakko Tekstil ve Hazir Giyim Sanayi Isletmeleri's share price might be on the expensive side.

Anjoy Foods Group (SHSE:603345)

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

Overview: Anjoy Foods Group Co., Ltd. focuses on the research and development, production, and sale of quick-frozen hot pot, noodle rice, and dish products with a market cap of approximately CN¥22.47 billion.

Operations: Anjoy Foods Group Co., Ltd. generates revenue of CN¥14.85 billion from its food processing segment.

Dividend Yield: 4.1%

Anjoy Foods Group's dividends are supported by earnings and cash flows, with payout ratios of 65.9% and 83.2%, respectively. While the company has only an eight-year dividend history, its yield is among the top 25% in China. Recent revenue growth to CNY 11.08 billion contrasts with a slight net income decline to CNY 1.05 billion, following its removal from major indices in December, which may impact investor sentiment on stability.

• Click here and access our complete dividend analysis report to understand the dynamics of Anjoy Foods Group.
• The analysis detailed in our Anjoy Foods Group valuation report hints at an deflated share price compared to its estimated value.

Changhong Huayi Compressor (SZSE:000404)

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

Overview: Changhong Huayi Compressor Co., Ltd. researches, develops, manufactures, and sells various compressors both in China and internationally, with a market cap of CN¥4.99 billion.

Operations: Changhong Huayi Compressor Co., Ltd.'s revenue segments include the research, development, manufacturing, and sale of compressors in both domestic and international markets.

Dividend Yield: 3.5%

Changhong Huayi Compressor's dividend yield is in the top 25% of the Chinese market, supported by a low payout ratio of 37.6% and a cash payout ratio of 19.3%, indicating strong coverage by earnings and cash flows. Despite a volatile dividend history over the past decade, recent earnings growth of 17.8% suggests potential stability improvements. The company trades at significant value below estimated fair value, with recent net income rising to CNY 375.94 million despite declining sales figures.

• Delve into the full analysis dividend report here for a deeper understanding of Changhong Huayi Compressor.
• Our comprehensive valuation report raises the possibility that Changhong Huayi Compressor is priced lower than what may be justified by its financials.

Make It Happen

• Click this link to deep-dive into the 1994 companies within our Top Dividend Stocks screener.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Simply Wall St is a revolutionary app designed for long-term stock investors, it's free and covers every market in the world.

Curious About Other Options?

• 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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