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3 Reliable Dividend Stocks Offering Yields Up To 5.7%

Updated: 09-11-2024, 11.41 AM

In the midst of a volatile global market, characterized by fluctuating earnings reports and economic uncertainties, investors are increasingly looking for stability in their portfolios. Dividend stocks can offer a reliable income stream, making them an attractive option during times when growth stocks may be underperforming.

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

6.90%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

4.69%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.50%

★★★★★★

Allianz (XTRA:ALV)

4.77%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.49%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

6.38%

★★★★★★

James Latham (AIM:LTHM)

6.23%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.56%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.53%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.94%

★★★★★★

Click here to see the full list of 1950 stocks from our Top Dividend Stocks screener.

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

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

Overview: Dubai Refreshment (P.J.S.C.) is involved in the bottling and selling of Pepsi Cola International products across Dubai, Sharjah, and the other Northern Emirates of the UAE, with a market cap of AED2.16 billion.

Operations: The company’s revenue primarily comes from the wholesale of groceries, amounting to AED807.98 million.

Dividend Yield: 3.3%

Dubai Refreshment’s dividend payments are covered by both earnings and cash flows, with payout ratios of 53.2% and 71.3%, respectively, suggesting sustainability. However, the dividends have been volatile over the past decade despite some growth in payments. The current yield of 3.33% is below top-tier levels in the AE market. Profit margins have decreased significantly from last year, which may impact future dividend reliability despite a favorable price-to-earnings ratio of 16x compared to industry averages.

DFM:DRC Dividend History as at Nov 2024
DFM:DRC Dividend History as at Nov 2024

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

Overview: Dynapack International Technology Corporation manufactures and sells lithium-ion battery packs in Taiwan, the United States, and internationally, with a market cap of NT$18.39 billion.

Operations: Dynapack International Technology Corporation’s revenue from the production and sales of hammer battery packs is NT$16.13 billion.

Dividend Yield: 4.6%

Dynapack International Technology’s dividend yield of 4.59% is among the top 25% in Taiwan, yet its history of volatile payments over the past decade raises concerns about stability. Despite this, dividends are well covered by earnings and cash flows with payout ratios of 42.2% and 48.6%, respectively, indicating sustainability. The company’s price-to-earnings ratio of 9.3x suggests it may be undervalued compared to the broader market average of 21.5x.

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