Stock Analysis

3 High-Quality Dividend Stocks Yielding Up To 4.3%

TSE:1888
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As global markets show resilience with U.S. indexes approaching record highs and a strong labor market driving positive sentiment, investors are increasingly seeking stable income sources amid economic uncertainties. In this environment, high-quality dividend stocks yielding up to 4.3% can offer a reliable income stream, making them an attractive option for those looking to balance growth potential with consistent returns.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)6.78%★★★★★★
Tsubakimoto Chain (TSE:6371)4.20%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.22%★★★★★★
CAC Holdings (TSE:4725)4.61%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.58%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.30%★★★★★★
FALCO HOLDINGS (TSE:4671)6.80%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.60%★★★★★★
E J Holdings (TSE:2153)3.78%★★★★★★
DoshishaLtd (TSE:7483)3.79%★★★★★★

Click here to see the full list of 1960 stocks from our Top Dividend Stocks screener.

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

Ulusoy Un Sanayi ve Ticaret (IBSE:ULUUN)

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

Overview: Ulusoy Un Sanayi ve Ticaret A.S. is a Turkish company that produces and sells wheat flour, with a market capitalization of TRY4.79 billion.

Operations: Ulusoy Un Sanayi ve Ticaret A.S. generates revenue primarily from Flour Production and Agricultural Commodity Trade, amounting to TRY33.39 billion, and Licensed Warehousing, contributing TRY76.25 million.

Dividend Yield: 4.4%

Ulusoy Un Sanayi ve Ticaret's dividends are well-covered by earnings and cash flows, with a payout ratio of 40.4% and a cash payout ratio of 5.6%. Despite being in the top 25% for dividend yield in Turkey, its payments have been unreliable over the past two years without growth. Recent financials show declining sales and continued net losses, which may affect future dividend stability despite current coverage metrics.

IBSE:ULUUN Dividend History as at Nov 2024
IBSE:ULUUN Dividend History as at Nov 2024

Novartis (SWX:NOVN)

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

Overview: Novartis AG is involved in the research, development, manufacture, and marketing of healthcare products globally and has a market cap of CHF187.29 billion.

Operations: Novartis AG generates revenue primarily from its Innovative Medicines segment, which amounted to $49.94 billion.

Dividend Yield: 3.4%

Novartis's dividends are stable and well-covered by earnings (67.8% payout ratio) and cash flows (57.2% cash payout ratio), though its 3.43% yield is below the top tier in Switzerland. Recent strategic alliances, such as with Vyriad for CAR-T therapies, highlight growth potential which could support future dividend sustainability despite current challenges like large one-off items affecting earnings quality. The company trades at a significant discount to estimated fair value, suggesting potential long-term investment appeal.

SWX:NOVN Dividend History as at Nov 2024
SWX:NOVN Dividend History as at Nov 2024

Wakachiku Construction (TSE:1888)

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

Overview: Wakachiku Construction Co., Ltd. operates in the construction and real estate sectors with a market cap of ¥45.74 billion.

Operations: Wakachiku Construction Co., Ltd. generates revenue primarily from its Construction Business, amounting to ¥82.49 billion, and also derives income from its Real Estate segment, which contributes ¥446 million.

Dividend Yield: 3.3%

Wakachiku Construction's dividend is reliable, having grown steadily over the past decade with little volatility. It maintains a sustainable payout ratio of 49.9%, well-covered by both earnings and cash flows (16.9% cash payout ratio). Despite trading at a significant discount to its estimated fair value, its 3.33% yield is below Japan's top dividend payers' average of 3.78%. Recent profit margins have declined from last year, impacting overall financial performance.

TSE:1888 Dividend History as at Nov 2024
TSE:1888 Dividend History as at Nov 2024

Summing It All Up

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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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