Stock Analysis
As global markets edge toward record highs, buoyed by a strong performance in U.S. stock indexes and optimism in Europe, investors are keeping a close eye on inflation data that could influence future interest rate decisions. In such an environment, dividend stocks can offer a compelling option for those seeking income and stability, as they often provide consistent returns even amidst economic fluctuations.
Top 10 Dividend Stocks
Name | Dividend Yield | Dividend Rating |
Guaranty Trust Holding (NGSE:GTCO) | 5.93% | ★★★★★★ |
Wuliangye YibinLtd (SZSE:000858) | 3.93% | ★★★★★★ |
Padma Oil (DSE:PADMAOIL) | 7.69% | ★★★★★★ |
Peoples Bancorp (NasdaqGS:PEBO) | 4.92% | ★★★★★★ |
Tsubakimoto Chain (TSE:6371) | 4.23% | ★★★★★★ |
Nihon Parkerizing (TSE:4095) | 3.92% | ★★★★★★ |
Southside Bancshares (NYSE:SBSI) | 4.68% | ★★★★★★ |
Guangxi LiuYao Group (SHSE:603368) | 3.40% | ★★★★★★ |
Citizens & Northern (NasdaqCM:CZNC) | 5.27% | ★★★★★★ |
DoshishaLtd (TSE:7483) | 3.91% | ★★★★★★ |
Click here to see the full list of 1992 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Star Petroleum Refining (SET:SPRC)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Star Petroleum Refining Public Company Limited operates a petroleum refinery in Rayong Province, Thailand, with a market cap of THB23.63 billion.
Operations: Star Petroleum Refining Public Company Limited generates revenue from its petroleum refining operations in Thailand.
Dividend Yield: 9.2%
Star Petroleum Refining's dividend payments have been volatile over its 9-year history, with a payout ratio of 77.6% indicating coverage by earnings. The cash payout ratio is notably low at 18.4%, suggesting dividends are well-supported by cash flows. Despite an unreliable track record, the company offers a high dividend yield of 9.17%, surpassing the TH market average. Recent financials show improved profitability with net income reaching THB 2.23 billion for 2024, reversing from a prior loss.
- Dive into the specifics of Star Petroleum Refining here with our thorough dividend report.
- Upon reviewing our latest valuation report, Star Petroleum Refining's share price might be too pessimistic.
Mitsui Chemicals (TSE:4183)
Simply Wall St Dividend Rating: ★★★★★★
Overview: Mitsui Chemicals, Inc. operates globally in sectors such as mobility, life and health care, basic and green materials, and ICT, with a market cap of approximately ¥627.60 billion.
Operations: Mitsui Chemicals generates revenue across several segments, including ¥576.45 billion from Mobility Solutions, ¥292.98 billion from Life & Healthcare Solutions, ¥804.45 billion from Basic & Green Materials, and ¥232.76 billion from ICT Solutions.
Dividend Yield: 4.4%
Mitsui Chemicals has consistently increased its dividend over the past decade, offering a reliable yield of 4.41%, which is among the top 25% in Japan. The dividend is well-covered by earnings and cash flows, with payout ratios of 54.5% and 64%, respectively. Recent financial guidance indicates expected revenue growth to ¥1,825 billion for fiscal year 2024. However, the company carries a high debt level and recently issued ¥40 billion in bonds to support its financial activities.
- Take a closer look at Mitsui Chemicals' potential here in our dividend report.
- The valuation report we've compiled suggests that Mitsui Chemicals' current price could be inflated.
Goldsun Building Materials (TWSE:2504)
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Goldsun Building Materials Co., Ltd. operates in Taiwan and Mainland China, producing and selling premixed concrete, cement, and calcium silicate board, with a market cap of NT$49.55 billion.
Operations: Goldsun Building Materials Co., Ltd.'s revenue segments include NT$18.78 billion from the Taiwan ready-mixed business and NT$1.06 billion from the ready-mixed cement business in Mainland China.
Dividend Yield: 4.9%
Goldsun Building Materials offers a dividend yield of 4.87%, ranking in the top 25% in Taiwan, but its dividend history is volatile and unreliable over the past decade. Despite a reasonable payout ratio of 51.2%, dividends are not well covered by cash flows, with a high cash payout ratio of 1202.4%. Recent earnings growth was strong at 59.5%, yet future earnings are expected to decline significantly, raising concerns about sustainability.
- Click here and access our complete dividend analysis report to understand the dynamics of Goldsun Building Materials.
- The valuation report we've compiled suggests that Goldsun Building Materials' current price could be quite moderate.
Where To Now?
- Gain an insight into the universe of 1992 Top Dividend Stocks by clicking here.
- Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
- Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.
Seeking Other Investments?
- 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.
New: Manage All Your Stock Portfolios in One Place
We've created the ultimate portfolio companion for stock investors, and it's free.
• Connect an unlimited number of Portfolios and see your total in one currency
• Be alerted to new Warning Signs or Risks via email or mobile
• Track the Fair Value of your stocks
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
About TSE:4183
Mitsui Chemicals
Engages in the mobility, life and health care, basic and green materials, ICT, and other businesses worldwide.