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3 Dividend Stocks To Consider With Yields Up To 7.1%

Updated: 06-11-2024, 06.07 AM

In a week marked by heightened economic activity and mixed signals from the labor market, global indices have mostly trended lower, reflecting investor caution amid busy earnings reports and ongoing geopolitical concerns. As growth stocks lagged behind value shares, particularly in the U.S., investors are increasingly looking towards stable dividend-paying stocks as a potential source of income amidst market volatility. In this context, dividend stocks can offer a reliable income stream and may provide some insulation against broader market fluctuations.

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	5.29%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.96%	★★★★★★
Innotech (TSE:9880)	4.82%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.18%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.10%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.36%	★★★★★★
James Latham (AIM:LTHM)	5.94%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.94%	★★★★★★
GakkyushaLtd (TSE:9769)	4.63%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.00%	★★★★★★

Click here to see the full list of 2022 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

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

Overview: Chongqing Brewery Co., Ltd. is a company that produces and sells beers and non-alcoholic beverages in China, with a market cap of CN¥30 billion.

Operations: Chongqing Brewery Co., Ltd. generates its revenue primarily from the beer segment, amounting to CN¥14.85 billion.

Dividend Yield: 4.5%

Chongqing Brewery’s dividend yield of 4.52% ranks in the top 25% within the Chinese market, yet its reliability is questionable due to volatility over the past decade. The company’s current cash payout ratio of 79.5% suggests dividends are covered by cash flow, but a high payout ratio of 102.5% indicates they aren’t well-covered by earnings. Despite some growth in dividends over ten years, sustainability concerns persist due to inconsistent earnings coverage and historical volatility.

SHSE:600132 Dividend History as at Nov 2024

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

Overview: Xiamen C&D Inc. operates in the supply chain and real estate development sectors both within China and internationally, with a market cap of CN¥28.91 billion.

Operations: Xiamen C&D Inc.’s revenue is primarily derived from its Supply Chain Operations Division, which accounts for CN¥474.91 billion, followed by the Real Estate Business Segment at CN¥183.26 billion and the Home Furnishing Shopping Mall Operation Business Segment contributing CN¥8.94 billion.

Dividend Yield: 7.1%

Xiamen C&D’s dividend yield of 7.14% ranks among the top 25% in China, but its reliability is undermined by a history of volatility and lack of free cash flow coverage. Despite an earnings payout ratio of 88%, suggesting dividends are covered by earnings, recent financials show declining net income and profit margins. While the company trades at a favorable price-to-earnings ratio compared to peers, concerns about dividend sustainability persist due to inconsistent earnings coverage.

SHSE:600153 Dividend History as at Nov 2024

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

Overview: Nice Corporation imports, distributes, and sells building materials for housing in Japan and internationally, with a market cap of ¥19.52 billion.

Operations: Nice Corporation’s revenue segments include importing, distributing, and selling building materials for housing both domestically in Japan and on an international scale.

Dividend Yield: 3.9%

Nice Corporation’s dividend yield of 3.93% is among the top 25% in Japan, supported by a low cash payout ratio of 11.1%, indicating strong coverage by free cash flow. However, the dividend track record has been unstable and volatile over the past decade. Recent guidance suggests a ¥40 per share annual dividend for fiscal year ending March 2025, though large one-off items have impacted financial results and profit margins have declined from last year.

TSE:8089 Dividend History as at Nov 2024

Investigate our full lineup of 2022 Top Dividend Stocks right here.
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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 SHSE:600132 SHSE:600153 and TSE:8089.

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