3 Reliable Dividend Stocks Yielding Up To 4% For Steady Income

As global markets navigate a period of uncertainty driven by political shifts and economic data, investors are keenly observing the impact on various sectors, with financials and energy benefiting from policy expectations while healthcare faces challenges. Amidst these dynamics, dividend stocks offer a potential avenue for steady income, providing investors with regular payouts that can serve as a buffer against market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.21%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.96%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.12%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.16%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.72%	★★★★★★
GakkyushaLtd (TSE:9769)	4.47%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.49%	★★★★★★
James Latham (AIM:LTHM)	6.06%	★★★★★★
DoshishaLtd (TSE:7483)	3.82%	★★★★★★

Click here to see the full list of 1965 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Hankook (KOSE:A000240)

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

Overview: Hankook & Company Co., Ltd. is engaged in the manufacturing and sale of storage batteries, with a market cap of ₩1.63 trillion.

Operations: Hankook & Company Co., Ltd.'s revenue primarily comes from its operations in the storage battery sector.

Dividend Yield: 4.1%

Hankook's dividend is appealing, with a payout ratio of 17.9%, indicating strong earnings coverage, while cash flows cover the dividend at a 75.1% ratio. The stock trades at good value, significantly below its estimated fair value and offers a competitive yield of 4.06%, above the KR market average. Although dividends have grown steadily over five years, their shorter history may concern some investors. Recent earnings growth supports potential future dividend stability and increases.

• Get an in-depth perspective on Hankook's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, Hankook's share price might be too pessimistic.

Star Micronics (TSE:7718)

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

Overview: Star Micronics Co., Ltd. produces and sells CNC automatic lathes and other products across Japan, the rest of Asia, the United States, and Europe, with a market cap of ¥60.71 billion.

Operations: Star Micronics Co., Ltd.'s revenue is primarily derived from its Machine Tool Business, including Precision Part Business, which generated ¥52.51 billion, and its Power Products Business, contributing ¥12.97 billion.

Dividend Yield: 3.2%

Star Micronics offers a reliable dividend yield of 3.22%, though it's below Japan's top quartile payers. The payout ratio of 79.8% suggests earnings cover dividends, while the cash payout ratio is a low 20.8%, indicating strong cash flow support. Dividends have been stable and growing over the past decade, adding appeal for income-focused investors. Recent share buybacks totaling ¥7.69 billion may enhance shareholder value despite lower profit margins compared to last year.

• Click to explore a detailed breakdown of our findings in Star Micronics' dividend report.
• Our expertly prepared valuation report Star Micronics implies its share price may be lower than expected.

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 cap of NT$18.97 billion.

Operations: Promate Electronic Co., Ltd. generates its revenue primarily from the distribution and sale of electronic and electrical components, as well as computer software and electrical products in Taiwan.

Dividend Yield: 4%

Promate Electronic Ltd.'s dividend payments have been volatile and unreliable over the past decade, with a low yield of 4% compared to Taiwan's top payers. Despite this, dividends are well covered by earnings (63.4% payout ratio) and cash flows (48.4% cash payout ratio). Recent earnings growth of TWD 1.15 billion for nine months suggests potential financial stability, but past shareholder dilution may concern investors seeking consistent income streams.

• Delve into the full analysis dividend report here for a deeper understanding of Promate ElectronicLtd.
• According our valuation report, there's an indication that Promate ElectronicLtd's share price might be on the cheaper side.

Taking Advantage

• Explore the 1965 names from our Top Dividend Stocks screener here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Enhance your investing ability with the Simply Wall St app and enjoy free access to essential market intelligence spanning every continent.

Ready For A Different Approach?

• 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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