3 Dividend Stocks To Consider With Up To 4.5% Yield

In a week marked by cautious Federal Reserve commentary and political uncertainty, global markets experienced notable declines, with U.S. stocks facing broad-based losses despite a late-week rally. As investors navigate these turbulent times, dividend stocks can offer a measure of stability and income potential, making them an attractive option for those seeking consistent returns amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.30%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.98%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.28%	★★★★★★
CAC Holdings (TSE:4725)	4.78%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.56%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.53%	★★★★★★
GakkyushaLtd (TSE:9769)	4.34%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.05%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.74%	★★★★★★

Click here to see the full list of 1956 stocks from our Top Dividend Stocks screener.

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

NIPPON PARKING DEVELOPMENTLtd (TSE:2353)

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

Overview: NIPPON PARKING DEVELOPMENT Co., Ltd. offers consulting services for parking lots both in Japan and internationally, with a market capitalization of ¥68.62 billion.

Operations: NIPPON PARKING DEVELOPMENT Co., Ltd.'s revenue is primarily derived from its Parking Lot Business at ¥17.48 billion, followed by the Ski Resort Business at ¥8.59 billion and the Theme Park Business at ¥7.04 billion.

Dividend Yield: 3.3%

NIPPON PARKING DEVELOPMENT Ltd. offers a dividend yield of 3.26%, which is below the top quartile in Japan, yet it has maintained stable and reliable dividend payments over the past decade with consistent growth. Despite a low payout ratio of 34.2%, indicating earnings coverage, its high cash payout ratio (344.3%) suggests dividends are not well covered by free cash flows, posing sustainability concerns for income-focused investors.

• Click to explore a detailed breakdown of our findings in NIPPON PARKING DEVELOPMENTLtd's dividend report.
• Our expertly prepared valuation report NIPPON PARKING DEVELOPMENTLtd implies its share price may be too high.

Tripod Technology (TWSE:3044)

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

Overview: Tripod Technology Corporation processes, manufactures, and sells printed circuit boards and related components across several countries including Taiwan, China, Vietnam, Thailand, South Korea, Malaysia, and internationally with a market cap of NT$104.07 billion.

Operations: Tripod Technology Corporation generates its revenue primarily from the Printed Circuit Board segment, which accounts for NT$63.31 billion.

Dividend Yield: 3.8%

Tripod Technology has demonstrated consistent dividend growth over the past decade, supported by a low payout ratio of 49.4% and a cash payout ratio of 40.6%, ensuring dividends are well covered by earnings and cash flows. Despite offering a dividend yield of 3.79%, which is lower than the top quartile in Taiwan, its stable and reliable dividend payments make it an attractive option for income investors seeking sustainability alongside value, as it trades below estimated fair value.

• Get an in-depth perspective on Tripod Technology's performance by reading our dividend report here.
• Our comprehensive valuation report raises the possibility that Tripod Technology is priced lower than what may be justified by its financials.

Taiwan Surface Mounting Technology (TWSE:6278)

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

Overview: Taiwan Surface Mounting Technology Corp. operates in the design, processing, manufacturing, and trading of TFT-LCD panels, general electronic information products, and PCB surface mount packaging globally, with a market cap of NT$31.87 billion.

Operations: Taiwan Surface Mounting Technology Corp.'s revenue from Electronic Components & Parts amounts to NT$45.60 billion.

Dividend Yield: 4.6%

Taiwan Surface Mounting Technology offers a dividend yield in the top 25% of the TW market, trading at a favorable price-to-earnings ratio of 11.1x compared to the market average. However, its dividend history is marked by volatility and unreliability over the past decade, despite recent growth in payments. The company's dividends are covered by earnings and cash flows with payout ratios of 50.8% and 75.3%, respectively, indicating sustainability amidst fluctuating revenues and earnings performance.

• Navigate through the intricacies of Taiwan Surface Mounting Technology with our comprehensive dividend report here.
• The valuation report we've compiled suggests that Taiwan Surface Mounting Technology's current price could be quite moderate.

Where To Now?

• Access the full spectrum of 1956 Top Dividend Stocks by clicking on this link.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

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.

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