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3 Dividend Stocks To Consider With Up To 5.9% Yield

Updated: 02-11-2024, 09.31 AM

In recent weeks, global markets have been influenced by rising U.S. Treasury yields, which have put pressure on U.S. stocks and led to a mixed performance across major indices. As investors navigate these challenging conditions, dividend stocks with attractive yields can offer a potential source of steady income amidst market volatility.

Name

Dividend Yield

Dividend Rating

Yamato Kogyo (TSE:5444)

4.09%

★★★★★★

Globeride (TSE:7990)

4.02%

★★★★★★

Intelligent Wave (TSE:4847)

3.93%

★★★★★★

China South Publishing & Media Group (SHSE:601098)

4.55%

★★★★★★

Innotech (TSE:9880)

4.75%

★★★★★★

CAC Holdings (TSE:4725)

4.60%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.56%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

6.35%

★★★★★★

GakkyushaLtd (TSE:9769)

4.59%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.93%

★★★★★★

Click here to see the full list of 2016 stocks from our Top Dividend Stocks screener.

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

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

Overview: Dubai Investments PJSC operates in property, investment, manufacturing, contracting, and services sectors both in the United Arab Emirates and internationally, with a market cap of AED8.97 billion.

Operations: Dubai Investments PJSC generates revenue from three main segments: Property (AED2.26 billion), Manufacturing, Contracting and Services (AED1.19 billion), and Investments (AED253.17 million).

Dividend Yield: 5.9%

Dubai Investments PJSC has a reasonable dividend payout ratio of 55.4%, indicating dividends are covered by earnings, and a cash payout ratio of 38.9% suggests strong coverage by cash flows. However, the dividend yield of 5.92% is lower than top-tier payers in the AE market, and its dividends have been unreliable over the past decade with volatility in payments. Despite recent revenue growth, profit margins have decreased significantly from last year’s levels.

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

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

Overview: Sanyo Special Steel Co., Ltd. manufactures and sells special steel products both in Japan and internationally, with a market cap of ¥97.42 billion.

Operations: Sanyo Special Steel Co., Ltd. generates revenue through its segments: Steel Products at ¥326.92 billion, Formed and Fabricated Materials at ¥18.30 billion, and Metal Powders at ¥5.31 billion.

Dividend Yield: 3.7%

Sanyo Special Steel’s dividends are well-covered by earnings, with a payout ratio of 52.2%, and cash flows, with a cash payout ratio of 16.9%. Despite this coverage, the dividend yield of 3.68% is below the top tier in Japan. The company has increased its dividends over the past decade, but payments have been volatile and unreliable at times. Profit margins have declined from last year’s levels, impacting overall financial stability.

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