3 Top Dividend Stocks To Consider With Up To 4.6% Yield

As global markets show signs of recovery and hopes for a "soft landing" in the U.S. economy grow, investors are increasingly looking for stable income sources amidst the volatility. Dividend stocks, known for their consistent payouts and potential to provide a buffer against market fluctuations, can be particularly attractive in such an environment.

Top 10 Dividend Stocks

Click here to see the full list of 2094 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Tempo Scan Pacific (IDX:TSPC)

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

Overview: PT Tempo Scan Pacific Tbk operates in the pharmaceuticals, personal care and cosmetics, and distribution services sectors in Indonesia and internationally, with a market cap of IDR12.58 trillion.

Operations: PT Tempo Scan Pacific Tbk generates revenue from three main segments: Pharmaceuticals (IDR4.53 trillion), Distribution Services (IDR4.58 trillion), and Consumer Products and Cosmetics (IDR4.31 trillion).

Dividend Yield: 4.5%

Tempo Scan Pacific's recent earnings report shows solid growth, with net income rising to IDR 821.05 billion for the half-year ending June 30, 2024. Despite a reasonably low payout ratio (25.9%) and cash payout ratio (47.1%), its dividend payments have been volatile and unreliable over the past decade. The company's dividend yield of 4.48% is below the top quartile in the Indonesian market, suggesting room for improvement in dividend attractiveness.

• Click to explore a detailed breakdown of our findings in Tempo Scan Pacific's dividend report.
• The valuation report we've compiled suggests that Tempo Scan Pacific's current price could be inflated.

Yamabiko (TSE:6250)

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

Overview: Yamabiko Corporation, with a market cap of ¥97.64 billion, manufactures and sells agricultural machinery in Japan, Europe, the United States, and internationally through its subsidiaries.

Operations: The company's revenue segments are as follows: Agricultural Machinery ¥67.45 billion, Outdoor Power Equipment ¥79.32 billion, and Industrial Machinery ¥12.89 billion.

Dividend Yield: 3.6%

Yamabiko Corporation's recent earnings guidance projects robust financial performance for 2024, with net sales of ¥160 billion and a profit attributable to owners of ¥13 billion. The company announced a second-quarter dividend increase to ¥40 per share, up from ¥26 last year, and expects an annual dividend of ¥40 per share. Despite its highly volatile share price recently, Yamabiko's dividends have been stable and growing over the past decade, supported by low payout ratios (31.6% earnings; 48.6% cash flow).

• Click here to discover the nuances of Yamabiko with our detailed analytical dividend report.
• Our valuation report here indicates Yamabiko may be overvalued.

Eastech Holding (TWSE:5225)

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

Overview: Eastech Holding Limited, with a market cap of NT$10.13 billion, operates in the research, development, design, assembly, manufacturing, and sales of speakers, speaker systems, home electronic entertainment systems, and earphones across South Korea, Japan, Sweden, China, Denmark and internationally.

Operations: Eastech Holding Limited generates NT$11.39 billion in revenue from its Audio/Video Products segment.

Dividend Yield: 4.7%

Eastech Holding's dividend payments have been volatile over the past decade, with an unstable track record. However, the dividends are covered by both earnings (69.9% payout ratio) and cash flows (52.6% cash payout ratio). The company’s earnings grew by 48.5% last year, supporting its capacity to pay dividends. Despite trading at 66.5% below estimated fair value and recent shareholder dilution, Eastech's dividend yield of 4.69% ranks in the top 25% in Taiwan’s market.

• Unlock comprehensive insights into our analysis of Eastech Holding stock in this dividend report.
• Our valuation report here indicates Eastech Holding may be undervalued.

Key Takeaways

• Embark on your investment journey to our 2094 Top Dividend Stocks selection here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Want To Explore Some Alternatives?

• 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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