Stock Analysis

3 Reliable Dividend Stocks Offering Up To 6.3% Yield

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As global markets navigate a landscape marked by political shifts and economic data releases, major U.S. stock indexes have shown mixed results, with growth stocks leading the charge while value-oriented sectors like energy and utilities lag behind. Amidst this backdrop of economic unpredictability, dividend stocks can offer investors a measure of stability through consistent income streams, making them an attractive option in times of market volatility.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Wuliangye YibinLtd (SZSE:000858)3.08%★★★★★★
CAC Holdings (TSE:4725)4.73%★★★★★★
GakkyushaLtd (TSE:9769)4.48%★★★★★★
Yamato Kogyo (TSE:5444)3.97%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.12%★★★★★★
Padma Oil (DSE:PADMAOIL)7.44%★★★★★★
China South Publishing & Media Group (SHSE:601098)4.09%★★★★★★
Nihon Parkerizing (TSE:4095)4.00%★★★★★★
HUAYU Automotive Systems (SHSE:600741)4.32%★★★★★★
DoshishaLtd (TSE:7483)3.81%★★★★★★

Click here to see the full list of 1931 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Zhejiang Expressway (SEHK:576)

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

Overview: Zhejiang Expressway Co., Ltd. is an investment holding company that constructs, operates, maintains, and manages roads in the People’s Republic of China, with a market cap of HK$32.19 billion.

Operations: Zhejiang Expressway Co., Ltd. generates revenue primarily through the construction, operation, maintenance, and management of roads in China.

Dividend Yield: 6.4%

Zhejiang Expressway's dividend payments have been stable and growing over the past decade, though not well-covered by cash flows. The company's payout ratio of 34.7% suggests dividends are sustainable from earnings, despite a high cash payout ratio of 139%. Trading at a price-to-earnings ratio of 5.5x, it offers good value relative to the Hong Kong market average. Recent earnings showed slight revenue decline but increased net income year-on-year, highlighting operational resilience amidst challenges.

SEHK:576 Dividend History as at Dec 2024

King Chou Marine Technology (TPEX:4417)

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

Overview: King Chou Marine Technology Co., Ltd. operates globally under the King Net brand, focusing on the manufacturing, processing, exporting, and importing of fishing nets for marine industries with a market cap of NT$3.52 billion.

Operations: King Chou Marine Technology Co., Ltd.'s revenue segments include contributions of NT$2.13 billion from Chin Chou, NT$455.15 million from Kunshan King Chou, and NT$830.91 million from Vietnam King Chou.

Dividend Yield: 4.8%

King Chou Marine Technology's dividend yield is among the top 25% in Taiwan, with a payout ratio of 50.1%, indicating coverage by earnings. However, dividends have been volatile over the past decade despite recent growth. The cash payout ratio stands at 62.3%, suggesting reasonable cash flow support for dividends. Recent Q3 earnings showed increased net income to TWD 105.95 million from TWD 86.41 million year-on-year, reflecting improved profitability amidst fluctuating sales figures.

TPEX:4417 Dividend History as at Dec 2024

MEISEI INDUSTRIALLtd (TSE:1976)

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

Overview: MEISEI INDUSTRIAL Co., Ltd. is a construction works company operating both in Japan and internationally, with a market cap of ¥68.41 billion.

Operations: MEISEI INDUSTRIAL Co., Ltd. generates revenue primarily from its Construction Work segment, amounting to ¥58.38 billion, and its Boiler Business segment, contributing ¥7.35 billion.

Dividend Yield: 3.4%

MEISEI INDUSTRIAL's dividends have been stable and growing over the past decade, supported by a low payout ratio of 38.8%. However, the dividend yield of 3.36% is below Japan's top tier and not covered by free cash flows. Recent earnings growth and a share buyback program aim to enhance shareholder returns, with ¥1,650.35 million spent repurchasing shares to improve capital efficiency amidst strong half-year financial performance.

TSE:1976 Dividend History as at Dec 2024

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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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