Top Dividend Stocks To Consider For Steady Income

In recent weeks, global markets have shown resilience, with U.S. stocks rebounding from significant losses and the European Central Bank cutting rates to stimulate growth. Amidst this backdrop of economic adjustments and market fluctuations, dividend stocks remain a reliable choice for investors seeking steady income. A good dividend stock typically offers consistent payouts and financial stability, making it an attractive option in uncertain times like these.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.96%	★★★★★★
Ping An Bank (SZSE:000001)	7.41%	★★★★★★
Globeride (TSE:7990)	4.42%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	4.28%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.10%	★★★★★★
Intelligent Wave (TSE:4847)	3.87%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.06%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.81%	★★★★★★
James Latham (AIM:LTHM)	5.88%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.82%	★★★★★★

Click here to see the full list of 2092 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Ubright Optronics (TPEX:4933)

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

Overview: Ubright Optronics Corporation manufactures and sells optical films in Taiwan with a market cap of NT$6.31 billion.

Operations: Ubright Optronics Corporation's revenue from the Manufacturing and Trading Business of Polishing Film amounts to NT$2.73 billion.

Dividend Yield: 3.8%

Ubright Optronics has shown significant earnings growth, with Q2 2024 net income rising to TWD 162.78 million from TWD 126.95 million a year ago. Despite this, its dividend yield of 3.85% is below the top quartile in Taiwan's market. The company’s dividends are well-covered by both earnings (payout ratio: 46.3%) and cash flows (cash payout ratio: 54.4%), but its dividend payments have been volatile and unreliable over the past decade.

• Take a closer look at Ubright Optronics' potential here in our dividend report.
• The valuation report we've compiled suggests that Ubright Optronics' current price could be quite moderate.

Tohokushinsha Film (TSE:2329)

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

Overview: Tohokushinsha Film Corporation operates as a media business company in Japan with a market cap of ¥89.40 billion.

Operations: Tohokushinsha Film Corporation generates revenue through its media business operations in Japan.

Dividend Yield: 3.6%

Tohokushinsha Film's dividend payments have been volatile and recently decreased significantly from JPY 78.00 to JPY 6.67 per share. Despite trading below its fair value, the company's dividends are well-covered by earnings (payout ratio: 17.2%) and cash flows (cash payout ratio: 63.4%). However, the unstable dividend track record and recent activist investor actions proposing privatization may add uncertainty for dividend investors seeking stability.

• Get an in-depth perspective on Tohokushinsha Film's performance by reading our dividend report here.
• According our valuation report, there's an indication that Tohokushinsha Film's share price might be on the cheaper side.

TURVO International (TWSE:2233)

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

Overview: TURVO International Co., Ltd. (TWSE:2233) develops, produces, and sells precision metal parts and components with a market cap of NT$10.10 billion.

Operations: TURVO International Co., Ltd. generates revenue through the development, production, and sale of precision metal parts and components.

Dividend Yield: 3.2%

TURVO International's dividend payments have been volatile over the past decade, despite recent earnings growth of 25.3% and a reasonable payout ratio of 50.5%. The dividends are covered by both earnings and cash flows, with a cash payout ratio of 73.6%. However, its dividend yield (3.16%) is lower than the top quartile of payers in the TW market (4.35%). Recent Q2 results show increased sales (TWD 939.75 million) and net income (TWD 181.35 million).

• Click here and access our complete dividend analysis report to understand the dynamics of TURVO International.
• According our valuation report, there's an indication that TURVO International's share price might be on the expensive side.

Turning Ideas Into Actions

• Dive into all 2092 of the Top Dividend Stocks we have identified here.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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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