Yen Sun Technology And Two Other Leading Dividend Stocks

As global markets navigate a landscape marked by rising inflation and the anticipation of future interest rate adjustments, U.S. stock indexes are climbing toward record highs, buoyed by strong performances in growth stocks and easing trade tensions. In this environment, dividend stocks like Yen Sun Technology offer investors potential stability and income, as they often provide consistent returns through dividends regardless of market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	3.93%	★★★★★★
Chongqing Rural Commercial Bank (SEHK:3618)	8.37%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.58%	★★★★★★
Daito Trust ConstructionLtd (TSE:1878)	4.01%	★★★★★★
CAC Holdings (TSE:4725)	3.93%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.91%	★★★★★★
GakkyushaLtd (TSE:9769)	4.40%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.07%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.42%	★★★★★★
DoshishaLtd (TSE:7483)	3.86%	★★★★★★

Click here to see the full list of 1984 stocks from our Top Dividend Stocks screener.

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

Yen Sun Technology (TPEX:6275)

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

Overview: Yen Sun Technology Corporation is a manufacturer and seller of home appliances and electronic cooling products with operations in Taiwan, Germany, the United States, Mainland China, Japan, South Korea, and other international markets; it has a market cap of NT$36.10 billion.

Operations: Yen Sun Technology Corporation's revenue is primarily derived from its Electronic Heat Transfer Department, contributing NT$3.16 billion, and its Home Electric Appliance Division, which accounts for NT$581.17 million.

Dividend Yield: 6.5%

Yen Sun Technology's dividend yield of 6.45% ranks in the top 25% of the TW market, yet its dividends have been unreliable and volatile over the past decade, with significant annual drops. The payout ratio is reasonable at 74.7%, suggesting coverage by earnings, but a high cash payout ratio of 407.3% indicates dividends are not well covered by free cash flows. Recent earnings growth was strong at 85.8%, though impacted by one-off items.

• Delve into the full analysis dividend report here for a deeper understanding of Yen Sun Technology.
• In light of our recent valuation report, it seems possible that Yen Sun Technology is trading beyond its estimated value.

Universal Cement (TWSE:1104)

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

Overview: Universal Cement Corporation, with a market cap of NT$20.15 billion, manufactures and sells cement, ready-mixed concrete, gypsum board panels, and other building materials in Taiwan.

Operations: Universal Cement's revenue from construction materials, including concrete, is NT$8.04 billion.

Dividend Yield: 6%

Universal Cement offers a dividend yield of 6.01%, placing it among the top 25% of dividend payers in the TW market. Its dividends have been stable and reliable over the past decade, with consistent growth. The payout ratios are sustainable, with earnings covering 77.4% and cash flows covering 78.2%. However, profit margins have decreased from last year, which could impact future sustainability if not addressed. The stock trades at a discount to its estimated fair value.

• Click to explore a detailed breakdown of our findings in Universal Cement's dividend report.
• Our valuation report here indicates Universal Cement may be undervalued.

Promate ElectronicLtd (TWSE:6189)

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

Overview: Promate Electronic Co., Ltd. operates in Taiwan, focusing on the distribution and sale of electronic and electrical components, as well as computer software and electrical products, with a market capitalization of NT$17.21 billion.

Operations: Promate Electronic Co., Ltd.'s revenue is derived from two main segments: NT$8.97 billion from the China region and NT$28.37 billion from markets outside China.

Dividend Yield: 4.4%

Promate Electronic Ltd's dividend yield of 4.43% ranks it in the top 25% of TW market payers, with a payout ratio of 63.4% covered by earnings and a cash payout ratio of 48.8%. Despite recent earnings growth, its dividend history is unstable and volatile over the past decade. The stock trades significantly below its estimated fair value, suggesting potential undervaluation for investors seeking income opportunities amidst fluctuating dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of Promate ElectronicLtd.
• Our expertly prepared valuation report Promate ElectronicLtd implies its share price may be lower than expected.

Key Takeaways

• Reveal the 1984 hidden gems among our Top Dividend Stocks screener with a single click here.
• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.
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Contemplating Other Strategies?

• 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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