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3 Dividend Stocks To Consider With Yields Up To 4.3%

Updated: 02-11-2024, 02.37 AM

As global markets navigate the complexities of rising U.S. Treasury yields and tepid economic growth, investors are increasingly drawn to dividend stocks as a potential source of steady income amidst market volatility. In such an environment, selecting stocks with reliable dividend yields can offer a measure of stability and income generation, making them an attractive consideration for those looking to bolster their portfolios.

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.13%	★★★★★★
Yamato Kogyo (TSE:5444)	4.09%	★★★★★★
Globeride (TSE:7990)	4.02%	★★★★★★
Intelligent Wave (TSE:4847)	3.93%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.18%	★★★★★★
KurimotoLtd (TSE:5602)	5.44%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.97%	★★★★★★
Innotech (TSE:9880)	4.75%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.56%	★★★★★★
E J Holdings (TSE:2153)	3.79%	★★★★★☆

Click here to see the full list of 2029 stocks from our Top Dividend Stocks screener.

We’re going to check out a few of the best picks from our screener tool.

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

Overview: KOMATSU MATERE Co., Ltd. manufactures and sells various fabrics both in Japan and internationally, with a market cap of ¥30.92 billion.

Operations: The company’s revenue is primarily derived from its Textile Business, which generated ¥36.82 billion.

Dividend Yield: 2.9%

KOMATSU MATERE Ltd.’s dividend payments are well covered by earnings, with a payout ratio of 32%, and cash flows, with a cash payout ratio of 71.8%. Despite past volatility in dividends, they have grown over the last decade. The dividend yield is low at 2.93% compared to top payers in Japan. Recent share buyback announcements aim to enhance capital efficiency and shareholder returns amid changing business conditions.

TSE:3580 Dividend History as at Oct 2024

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

Overview: Tokyo Tekko Co., Ltd. manufactures and sells steel products for the construction industry in Japan, with a market cap of ¥41.34 billion.

Operations: Tokyo Tekko Co., Ltd.’s revenue is primarily derived from its Steel Business segment, which accounts for ¥80.89 billion.

Dividend Yield: 4.3%

Tokyo Tekko’s dividend yield is in the top 25% of the JP market, supported by a low payout ratio of 26.7%, indicating dividends are well covered by earnings and cash flows. Despite a history of volatility, dividends have grown over the past decade. The stock trades significantly below its estimated fair value, suggesting potential undervaluation. However, investors should note the unstable dividend track record despite recent robust earnings growth of 65.5%.

TSE:5445 Dividend History as at Oct 2024

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

Overview: Zyxel Group Corporation, along with its subsidiaries, provides networking solutions for telecommunications companies, small and medium enterprises, and digital homes across the United States, France, and globally; it has a market cap of NT$16.91 billion.

Operations: Zyxel Group Corporation’s revenue segments include the Channel Business Group with NT$4.42 billion, Brand Business Division at NT$11.67 billion, and Products Business Group generating NT$18.10 billion.

Dividend Yield: 3.6%

Zyxel Group’s dividend yield is below the top 25% in Taiwan, with a payout ratio of 80.3%, indicating dividends are covered by earnings but not without risk given recent profit declines. Despite some growth over the past decade, dividends have been volatile and unreliable. The company trades at a reasonable valuation compared to peers, with a Price-To-Earnings ratio of 22.5x under the industry average, though recent earnings have decreased significantly from last year.

TWSE:3704 Dividend History as at Oct 2024

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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.

Companies discussed in this article include TSE:3580 TSE:5445 and TWSE:3704.

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