Stock Analysis

3 Dividend Stocks To Consider With Up To 5.7% Yield

TWSE:2347
Source: Shutterstock

In the wake of recent political shifts and economic policy adjustments, global markets have experienced notable rallies, with U.S. indices reaching record highs fueled by expectations of growth-friendly policies. Amidst these dynamic market conditions, investors often turn to dividend stocks as a potential source of steady income and stability, especially when navigating uncertain economic landscapes. A good dividend stock typically offers a reliable yield and demonstrates resilience in varied market environments, making them an attractive consideration for those seeking consistent returns amidst fluctuating economic indicators.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Peoples Bancorp (NasdaqGS:PEBO)4.53%★★★★★★
Tsubakimoto Chain (TSE:6371)4.19%★★★★★★
Guaranty Trust Holding (NGSE:GTCO)6.83%★★★★★★
GakkyushaLtd (TSE:9769)4.57%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.42%★★★★★★
FALCO HOLDINGS (TSE:4671)6.67%★★★★★★
Business Brain Showa-Ota (TSE:9658)3.92%★★★★★★
CAC Holdings (TSE:4725)4.53%★★★★★★
Premier Financial (NasdaqGS:PFC)4.38%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.44%★★★★★★

Click here to see the full list of 1940 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Bumitama Agri (SGX:P8Z)

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

Overview: Bumitama Agri Ltd. is an investment holding company involved in the production and trade of crude palm oil, palm kernel, and related products for refineries in Indonesia, with a market cap of SGD1.44 billion.

Operations: Bumitama Agri Ltd. generates revenue from its Plantations and Palm Oil Mills segment, amounting to IDR15.55 trillion.

Dividend Yield: 5.8%

Bumitama Agri's dividend payments have been volatile over the past decade, though they have shown growth. The dividends are well-covered by both earnings and cash flows, with payout ratios of 47.2% and 54.8%, respectively. Despite trading at a significant discount to its estimated fair value, its dividend yield of 5.79% is slightly below the top quartile in Singapore's market. Recent earnings show a decrease in net income compared to last year, potentially impacting future payouts.

SGX:P8Z Dividend History as at Nov 2024
SGX:P8Z Dividend History as at Nov 2024

Wangneng EnvironmentLtd (SZSE:002034)

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

Overview: Wangneng Environment Co., Ltd offers solid waste solutions in China with a market cap of CN¥6.64 billion.

Operations: Wangneng Environment Co., Ltd's revenue from the Ecological Protection and Environmental Governance Industry is CN¥3.21 billion.

Dividend Yield: 3.2%

Wangneng Environment Ltd's dividend payments have been volatile over the past decade, but they are well-covered by earnings and cash flows with payout ratios of 36% and 30.3%, respectively. The company offers a competitive dividend yield of 3.24%, placing it in the top quartile of China's market. Despite a slight decrease in recent net income, the firm maintains strong coverage for its dividends, supported by ongoing share buybacks and stable revenue growth.

SZSE:002034 Dividend History as at Nov 2024
SZSE:002034 Dividend History as at Nov 2024

Synnex Technology International (TWSE:2347)

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

Overview: Synnex Technology International Corporation, along with its subsidiaries, distributes information systems, communication, consumer, and semiconductor products and has a market cap of NT$123.09 billion.

Operations: Synnex Technology International Corporation's revenue is primarily derived from its Distribution Business Group, which accounts for NT$281.46 billion, and its Semiconductor Business Group, contributing NT$170.54 billion.

Dividend Yield: 4.1%

Synnex Technology International's dividends are covered by earnings and cash flows, with payout ratios of 59.3% and 53.6%, respectively, despite a volatile dividend history over the past decade. The company reported strong financial results for Q3 2024, with sales reaching TWD 108.80 billion and net income at TWD 2.26 billion, reflecting growth from the previous year. However, its dividend yield of 4.07% is below Taiwan's top quartile payers.

TWSE:2347 Dividend History as at Nov 2024
TWSE:2347 Dividend History as at Nov 2024

Seize The Opportunity

Interested In Other Possibilities?

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

Try a Demo Portfolio for Free

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