3 Reliable Dividend Stocks With Up To 8% Yield

As global markets navigate through a period of broad-based gains and economic optimism, particularly in the U.S. with indices approaching record highs, investors are increasingly attentive to reliable income-generating opportunities amidst geopolitical uncertainties and fluctuating interest rates. In this context, dividend stocks stand out as attractive options for those seeking steady returns; they offer not only potential income but also the stability that can be appealing in today's dynamic market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.34%	★★★★★★
CAC Holdings (TSE:4725)	4.55%	★★★★★★
Yamato Kogyo (TSE:5444)	3.97%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.29%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.40%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.97%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.42%	★★★★★★
E J Holdings (TSE:2153)	3.87%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1981 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Jason (TPEX:4570)

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

Overview: Jason Co., Ltd. manufactures and sells steering and suspension products in Taiwan with a market cap of NT$3.52 billion.

Operations: Jason Co., Ltd. generates revenue from its segments FAST and Jielun with NT$1.07 billion, and Jason and Checheng with NT$2.01 billion.

Dividend Yield: 5.6%

Jason's dividend yield of 5.62% ranks in the top 25% of Taiwan's market, offering an attractive option for income-focused investors. The stock trades at a 24.7% discount to its estimated fair value, suggesting potential upside. Dividends are well-supported by earnings and cash flows, with payout ratios of 63.8% and 52.4%, respectively. Despite only five years of payments, dividends have been stable and growing steadily without volatility.

• Take a closer look at Jason's potential here in our dividend report.
• Our expertly prepared valuation report Jason implies its share price may be lower than expected.

Te Chang Construction (TPEX:5511)

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

Overview: Te Chang Construction Co., Ltd. operates in the construction contracting and civil engineering sectors in Taiwan and Thailand, with a market cap of NT$7.07 billion.

Operations: Te Chang Construction Co., Ltd. generates revenue through its operations in the construction contracting and civil engineering industries across Taiwan and Thailand.

Dividend Yield: 8%

Te Chang Construction offers a high dividend yield of 8.03%, placing it among the top 25% in Taiwan's market. However, its dividends have been volatile over the past decade and are not well covered by free cash flows, with a high cash payout ratio of 266.1%. While the payout ratio based on earnings is reasonable at 65.7%, recent earnings growth may provide some support for future payments despite historical instability.

• Get an in-depth perspective on Te Chang Construction's performance by reading our dividend report here.
• The analysis detailed in our Te Chang Construction valuation report hints at an inflated share price compared to its estimated value.

Bon Fame (TPEX:8433)

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

Overview: Bon Fame Co., Ltd. operates in the fashion market in Taiwan with a market cap of NT$4.65 billion.

Operations: Bon Fame Co., Ltd. generates revenue from the sales of ornaments, combs, and related accessories amounting to NT$3.67 billion.

Dividend Yield: 6.9%

Bon Fame's dividend yield of 6.94% ranks in the top 25% of Taiwan's market, but it faces challenges with sustainability as dividends are not covered by free cash flows, indicated by a high cash payout ratio of 126%. Although earnings growth has been strong at 25.6% annually over five years, recent earnings have declined. Dividend payments have grown over the past decade but remain volatile and not consistently reliable due to coverage issues.

• Unlock comprehensive insights into our analysis of Bon Fame stock in this dividend report.
• In light of our recent valuation report, it seems possible that Bon Fame is trading beyond its estimated value.

Summing It All Up

• Navigate through the entire inventory of 1981 Top Dividend Stocks here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
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Looking For Alternative Opportunities?

• 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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