Dongfang Electric And 2 More Top Dividend Stocks For Your Portfolio

In a week marked by easing core inflation in the U.S. and robust earnings from major banks, global markets have shown resilience with significant gains across key indices. As investors navigate these dynamic conditions, dividend stocks emerge as a compelling option for those seeking steady income amidst market fluctuations. A good dividend stock typically offers a reliable payout history and potential for growth, making it an attractive choice in times of economic uncertainty or when inflationary pressures are being closely monitored. In this article, we explore Dongfang Electric and two other top dividend stocks that could enhance your portfolio's stability and income potential.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Wuliangye YibinLtd (SZSE:000858)	3.48%	★★★★★★
CAC Holdings (TSE:4725)	4.68%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.47%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.13%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.55%	★★★★★★
Nihon Parkerizing (TSE:4095)	4.04%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.93%	★★★★★★
E J Holdings (TSE:2153)	4.02%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.89%	★★★★★★
DoshishaLtd (TSE:7483)	3.97%	★★★★★★

Click here to see the full list of 1997 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Dongfang Electric (SEHK:1072)

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

Overview: Dongfang Electric Corporation Limited designs, develops, manufactures, and sells power generation equipment in China and internationally, with a market cap of approximately HK$46.47 billion.

Operations: Dongfang Electric Corporation Limited's revenue segments include thermal power equipment (CN¥23.45 billion), hydro power equipment (CN¥9.87 billion), wind power equipment (CN¥8.12 billion), engineering services (CN¥5.67 billion), and nuclear power equipment (CN¥3.54 billion).

Dividend Yield: 5.4%

Dongfang Electric's dividends are well-covered by earnings and cash flows, with a payout ratio of 45.3% and a cash payout ratio of 33.9%. However, its dividend track record is unstable, with past volatility including annual drops over 20%. The current yield at 5.37% is below the top tier in Hong Kong. Recent developments include a Purchase Framework Agreement with Honghua Group for products and services from January 2025 to December 2027.

• Unlock comprehensive insights into our analysis of Dongfang Electric stock in this dividend report.
• Our comprehensive valuation report raises the possibility that Dongfang Electric is priced lower than what may be justified by its financials.

Kuang Hong Arts Management Incorporation (TPEX:6596)

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

Overview: Kuang Hong Arts Management Incorporation is a live entertainment company based in Taiwan with a market cap of NT$3.39 billion.

Operations: Kuang Hong Arts Management Incorporation generates revenue primarily from its recreational activities segment, amounting to NT$1.79 billion.

Dividend Yield: 5.9%

Kuang Hong Arts Management's dividends are supported by earnings and cash flows, with payout ratios of 69.2% and 51%, respectively. Although the dividend yield is in the top 25% in Taiwan at 5.92%, its short track record of eight years has been marked by volatility, including annual drops over 20%. Recent financial results show a decline in third-quarter revenue to TWD 398.71 million from TWD 568.1 million year-over-year, despite increased net income.

• Take a closer look at Kuang Hong Arts Management Incorporation's potential here in our dividend report.
• The valuation report we've compiled suggests that Kuang Hong Arts Management Incorporation's current price could be quite moderate.

Feedback Technology (TPEX:8091)

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

Overview: Feedback Technology Corp. is a Taiwanese company that manufactures and sells components for the semiconductor, LCD, LED, medical, and aerospace industries, with a market cap of NT$6.25 billion.

Operations: Feedback Technology Corp.'s revenue is primarily derived from its semiconductor segment, contributing NT$1.89 billion, and its optoelectronic segment, which adds NT$86.55 million.

Dividend Yield: 4.9%

Feedback Technology's price-to-earnings ratio of 18.7x suggests good value relative to the TW market average of 20.3x. However, its dividend sustainability is concerning, with a high cash payout ratio of 166.8% indicating dividends are not well covered by free cash flows, despite being covered by earnings at an 87.5% payout ratio. The dividend yield is attractive at 5.06%, ranking in the top quartile in Taiwan, but past payments have been volatile and unreliable over ten years. Recent earnings show growth, with third-quarter sales rising to TWD 515.88 million from TWD 440.79 million year-over-year and net income increasing to TWD 90.39 million from TWD 84.9 million.

• Click here to discover the nuances of Feedback Technology with our detailed analytical dividend report.
• The valuation report we've compiled suggests that Feedback Technology's current price could be inflated.

Make It Happen

• Unlock our comprehensive list of 1997 Top Dividend Stocks by clicking 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.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Searching for a Fresh Perspective?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com