As global markets navigate mixed performances and economic uncertainties, investors are increasingly looking for stability in their portfolios. With the S&P 500 and Nasdaq Composite closing out a strong year despite recent volatility, dividend stocks offer a compelling option for those seeking consistent income. In this context, a good dividend stock is one that not only provides attractive yields but also demonstrates resilience amid fluctuating market conditions.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)
5.09%
★★★★★★
Financial Institutions (NasdaqGS:FISI)
4.55%
★★★★★★
Southside Bancshares (NYSE:SBSI)
4.68%
★★★★★★
Yamato Kogyo (TSE:5444)
4.02%
★★★★★★
Padma Oil (DSE:PADMAOIL)
7.51%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Geumhwa Plant Service & Construction Co., Ltd. operates in the plant service and construction industry, with a market cap of ₩146.17 billion.
Operations: Geumhwa Plant Service & Construction Co., Ltd. generates revenue from Power Plant Construction (₩283.12 billion), Water Treatment Facilities (₩45.97 billion), and Automotive Parts Manufacturing (₩4.66 billion).
Dividend Yield: 5.3%
Geumhwa Plant Service & Construction offers a dividend yield of 5.25%, placing it in the top 25% of dividend payers in the Korean market. Despite stable payments, dividends have not grown over the past five years and remain unreliable. However, with a low payout ratio of 17.5%, dividends are well-covered by earnings and cash flows. The stock trades significantly below its estimated fair value, suggesting potential for capital appreciation alongside dividends.
Overview: HEXPOL AB (publ) develops, manufactures, and sells various polymer compounds and engineered products across Sweden, Europe, the Americas, and Asia with a market cap of approximately SEK35.34 billion.
Operations: HEXPOL AB generates its revenue primarily from HEXPOL Compounding, which contributes SEK19.70 billion, and HEXPOL Engineered Products, which adds SEK1.61 billion.
Dividend Yield: 3.8%
HEXPOL offers a reliable dividend yield of 3.85%, although it falls short of the top tier in Sweden. Dividends have grown steadily over the past decade with minimal volatility, supported by a payout ratio of 58% and cash flow coverage at 62.7%. Recent business reorganizations, including site closures and divestments, aim to enhance operational efficiency without significantly impacting net results. The company is also actively pursuing acquisitions to bolster growth despite recent earnings declines.
Overview: Zhejiang Hangmin Co., Ltd, with a market cap of CN¥7.27 billion, operates in China through its textile printing and dyeing business alongside its subsidiaries.
Operations: Zhejiang Hangmin Co., Ltd generates its revenue primarily from its textile printing and dyeing operations in China.
Dividend Yield: 4.3%
Zhejiang Hangmin Ltd. offers a high and stable dividend yield of 4.29%, placing it in the top 25% of dividend payers in China. With a payout ratio of 44.5% and cash payout ratio at 40.7%, dividends are well covered by earnings and cash flows, ensuring sustainability. Over the past decade, dividends have grown reliably without volatility, supported by recent earnings growth to CNY 475.31 million for the first nine months of 2024.
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 KOSDAQ:A036190 OM:HPOL B and SHSE:600987.
