Top 3 Dividend Stocks For Reliable Income

As global markets continue to reach record highs, with indices like the Dow Jones Industrial Average and S&P 500 Index climbing steadily, investors are keenly observing how geopolitical factors and domestic policies shape economic sentiment. In this environment of cautious optimism, dividend stocks stand out as a potential source of reliable income, offering stability through regular payouts even amidst market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.56%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.23%	★★★★★★
GakkyushaLtd (TSE:9769)	4.70%	★★★★★★
CAC Holdings (TSE:4725)	4.61%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.64%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.43%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.34%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.48%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.40%	★★★★★★

Click here to see the full list of 1968 stocks from our Top Dividend Stocks screener.

Let's explore several standout options from the results in the screener.

Dubai Investments PJSC (DFM:DIC)

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

Overview: Dubai Investments PJSC operates in property, investment, manufacturing, contracting, and services sectors both within the United Arab Emirates and internationally, with a market cap of AED9.10 billion.

Operations: Dubai Investments PJSC generates its revenue from three main segments: Property (AED2.21 billion), Investments (AED330.77 million), and Manufacturing, Contracting, and Services (AED1.24 billion).

Dividend Yield: 5.8%

Dubai Investments PJSC maintains a reasonable payout ratio of 55.1%, ensuring dividends are covered by both earnings and cash flows, with a cash payout ratio of 52.6%. Despite historical volatility in dividend payments, recent increases suggest growth potential. The company's price-to-earnings ratio of 9.4x is attractive compared to the AE market average of 13.1x, though its dividend yield is slightly lower than top-tier payers at 5.84%. Recent earnings show stable performance with modest income growth.

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

Welldone (TPEX:6170)

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

Overview: Welldone Company, along with its subsidiaries, operates in the telecommunication, mobile game publishing, and digital entertainment sectors mainly in Taiwan, with a market cap of NT$4.86 billion.

Operations: Welldone Company's revenue is derived from its operations in telecommunication, mobile game publishing, and digital entertainment sectors.

Dividend Yield: 5.5%

Welldone's recent earnings report shows a decline in net income despite increased sales, impacting its dividend sustainability. The company's high payout ratio of 133.6% indicates dividends are not well covered by earnings, though a low cash payout ratio of 16.1% suggests cash flows can support payments. While the dividend yield is among the top in Taiwan at 5.46%, historical volatility and unreliability raise concerns about consistency and growth potential for investors seeking stable income streams.

• Dive into the specifics of Welldone here with our thorough dividend report.
• Our expertly prepared valuation report Welldone implies its share price may be lower than expected.

Itochu EnexLtd (TSE:8133)

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

Overview: Itochu Enex Co., Ltd. operates in the sale of petroleum products and liquefied petroleum gas (LPG) both in Japan and internationally, with a market capitalization of approximately ¥185.63 billion.

Operations: Itochu Enex Co., Ltd. generates revenue through its operations in the sale of petroleum products and liquefied petroleum gas (LPG) across domestic and international markets.

Dividend Yield: 3.4%

Itochu Enex Ltd. recently announced a dividend increase to ¥28.00 per share, up from ¥26.00 last year, payable on December 6, 2024. The company's dividends are well-supported by earnings and cash flows with payout ratios of 47.6% and 25.8%, respectively, indicating sustainability. Although the dividend yield of 3.4% is below Japan's top quartile payers, Itochu Enex has maintained stable and growing dividends over the past decade with minimal volatility.

• Navigate through the intricacies of Itochu EnexLtd with our comprehensive dividend report here.
• Our comprehensive valuation report raises the possibility that Itochu EnexLtd is priced lower than what may be justified by its financials.

Seize The Opportunity

• Click this link to deep-dive into the 1968 companies within our Top Dividend Stocks screener.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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Curious About Other Options?

• 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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