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With global markets buoyed by the prospect of upcoming interest rate cuts and major indices nearing record highs, investors are increasingly looking for stable income sources amid the optimism. In this favorable economic environment, dividend stocks with high yields can be particularly attractive for those seeking to boost their portfolios. A good dividend stock offers not only a robust yield but also stability and potential for capital appreciation, making it a compelling choice in today's dynamic market conditions.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Yamato Kogyo (TSE:5444) | 4.14% | ★★★★★★ |
| Allianz (XTRA:ALV) | 4.92% | ★★★★★★ |
| Guaranty Trust Holding (NGSE:GTCO) | 6.99% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 4.97% | ★★★★★★ |
| Mitsubishi Research Institute (TSE:3636) | 3.83% | ★★★★★★ |
| Innotech (TSE:9880) | 4.60% | ★★★★★★ |
| FALCO HOLDINGS (TSE:4671) | 6.38% | ★★★★★★ |
| James Latham (AIM:LTHM) | 5.94% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.37% | ★★★★★★ |
| Kwong Lung Enterprise (TPEX:8916) | 6.14% | ★★★★★★ |
Click here to see the full list of 2073 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
United Tractors
Simply Wall St Dividend Rating: ★★★★★☆
Overview: PT United Tractors Tbk, with a market cap of IDR100.60 trillion, operates in Indonesia through the sale and rental of heavy equipment along with its subsidiaries.
Operations: PT United Tractors Tbk generates revenue through several segments, including Energy (IDR345.23 million), Coal Mining (IDR29.76 billion), Gold Mining (IDR6.40 billion), Mining Contracting (IDR68.27 billion), Construction Industry (IDR2.65 billion), and Construction Machinery (IDR52.96 billion).
Dividend Yield: 8.2%
United Tractors, despite a volatile dividend history over the past decade, offers an attractive yield of 8.19%, placing it in the top 25% of dividend payers in Indonesia. The company's dividends are well covered by earnings (payout ratio: 30.1%) and cash flows (cash payout ratio: 88.5%). However, recent earnings for H1 2024 showed a decline with net income at IDR 9.53 trillion compared to IDR 11.22 trillion last year, indicating potential challenges ahead for sustaining dividends at current levels.
Hailir Pesticides and Chemicals GroupLtd
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Hailir Pesticides and Chemicals Group Co., Ltd. (ticker: SHSE:603639) operates in the agricultural chemicals industry, focusing on the production and sale of pesticides with a market cap of CN¥4.20 billion.