3 Dividend Stocks To Consider With Yields Up To 4.8%

As global markets show signs of recovery with U.S. indexes nearing record highs and a strong labor market boosting investor sentiment, the focus on stable income sources like dividend stocks becomes increasingly relevant. In this environment, selecting dividend stocks with attractive yields can offer investors a blend of potential growth and steady income, making them an appealing option amid economic uncertainties and evolving monetary policies.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend 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.

Underneath we present a selection of stocks filtered out by our screen.

Hua Eng Wire & Cable (TWSE:1608)

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

Overview: Hua Eng Wire & Cable Co., Ltd. operates in Taiwan, focusing on the processing, manufacture, construction, and sale of wire, cable, and copper products with a market cap of NT$12.58 billion.

Operations: Hua Eng Wire & Cable Co., Ltd.'s revenue is derived from its segments in Cable (NT$4.90 billion), Wire Materials (NT$3.19 billion), and Copper Products (NT$3.06 billion).

Dividend Yield: 3.4%

Hua Eng Wire & Cable's recent earnings report shows growth in sales and net income, with Q3 2024 sales reaching TWD 2.87 billion. Despite a low payout ratio of 47.8%, indicating dividends are well covered by earnings, the company's dividend history is volatile and unreliable over the past decade. The dividend yield of 3.37% is below top-tier payers in Taiwan, but cash flow coverage remains strong with a cash payout ratio of 39.7%.

• Dive into the specifics of Hua Eng Wire & Cable here with our thorough dividend report.
• Our valuation report here indicates Hua Eng Wire & Cable may be undervalued.

Iron Force Industrial (TWSE:2228)

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

Overview: Iron Force Industrial Co., Ltd. and its subsidiaries manufacture and trade airbag inflators for automotive safety systems in Taiwan and internationally, with a market cap of NT$8.39 billion.

Operations: Iron Force Industrial Co., Ltd.'s revenue is primarily derived from the Mainland Area at NT$2.48 billion, followed by Taiwan at NT$1.94 billion and Europe at NT$693.49 million.

Dividend Yield: 4.7%

Iron Force Industrial's recent earnings report indicates a rise in sales and net income over the past nine months, with net income reaching TWD 512.98 million. Despite this growth, dividend payments have been volatile and unreliable over the past decade. The payout ratio of 55.9% suggests dividends are covered by earnings, but not by free cash flow due to the absence of free cash flows. Shareholders experienced dilution this year following a follow-on equity offering.

• Take a closer look at Iron Force Industrial's potential here in our dividend report.
• Our valuation report unveils the possibility Iron Force Industrial's shares may be trading at a premium.

Taiwan Surface Mounting Technology (TWSE:6278)

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

Overview: Taiwan Surface Mounting Technology Corp. is involved in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging globally with a market cap of approximately NT$30.26 billion.

Operations: Taiwan Surface Mounting Technology Corp.'s revenue primarily comes from its Electronic Components & Parts segment, which generated NT$45.60 billion.

Dividend Yield: 4.8%

Taiwan Surface Mounting Technology's dividend yield ranks in the top 25% of the TW market, supported by a reasonable payout ratio of 50.8%. However, dividends have been unstable and volatile over the past decade. Despite recent declines in quarterly sales and net income to TWD 11 billion and TWD 662 million respectively, nine-month figures show improved earnings. Trading below industry averages with a P/E ratio of 10.5x, it presents good relative value prospects.

• Click here and access our complete dividend analysis report to understand the dynamics of Taiwan Surface Mounting Technology.
• Insights from our recent valuation report point to the potential undervaluation of Taiwan Surface Mounting Technology shares in the market.

Seize The Opportunity

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1957 more companies for you to explore.Click here to unveil our expertly curated list of 1960 Top Dividend Stocks.
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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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