In a week marked by volatility, global markets experienced mixed outcomes as the U.S. Federal Reserve held interest rates steady while the European Central Bank opted for a rate cut, influencing investor sentiment across regions. Amidst these economic shifts and competitive pressures in technology sectors, dividend stocks remain an attractive option for investors seeking income stability and potential growth within their portfolios.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Totech (TSE:9960)
3.84%
★★★★★★
Tsubakimoto Chain (TSE:6371)
4.33%
★★★★★★
Wuliangye YibinLtd (SZSE:000858)
4.05%
★★★★★★
Daito Trust ConstructionLtd (TSE:1878)
4.01%
★★★★★★
GakkyushaLtd (TSE:9769)
4.46%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: NV Bekaert SA is a global company specializing in steel wire transformation and coating technologies, with a market capitalization of €1.75 billion.
Operations: NV Bekaert SA's revenue segments include €1.77 billion from Rubber Reinforcement, €1.13 billion from Steel Wire Solutions, €672.27 million from Specialty Businesses, and €548.20 million from Bridon-Bekaert Ropes Group.
Dividend Yield: 5.3%
NV Bekaert's dividend payments are covered by both earnings and cash flows, with payout ratios of 37.3% and 52.5% respectively, indicating sustainability. However, the dividends have been volatile over the past decade, affecting reliability for investors seeking stable income streams. Despite recent earnings growth of 52.4%, future sales are projected to be slightly below €4 billion due to lower volumes and pricing pressures. The dividend yield is modest compared to top-tier Belgian payers at 5.33%.
Overview: POSCO STEELEON Co., Ltd. manufactures, processes, and sells steel products both in South Korea and internationally, with a market cap of ₩175.22 billion.
Operations: POSCO STEELEON Co., Ltd.'s revenue primarily comes from its Metal Processors and Fabrication segment, generating approximately ₩1.21 billion.
Dividend Yield: 5.5%
POSCO STEELEON's dividends are well-covered by earnings and cash flows, with payout ratios of 35.4% and 24.2% respectively, suggesting sustainability. Its dividend yield of 5.52% ranks in the top quarter of Korean payers, though its track record is unstable due to volatility over five years. Despite a significant earnings growth last year, the dividends remain unreliable for those prioritizing consistent income streams. The stock trades significantly below its estimated fair value.
Overview: CNOOC Limited is an investment holding company involved in the exploration, development, production, and sale of crude oil and natural gas in China, Canada, and internationally, with a market cap of approximately HK$923.98 billion.
Operations: CNOOC Limited's revenue primarily comes from its operations in the exploration, development, production, and sale of crude oil and natural gas across various regions including China and Canada.
Dividend Yield: 7.2%
CNOOC's dividend yield of 7.23% is below the top 25% in Hong Kong, yet its dividends are covered by earnings and cash flows, with payout ratios of 41.7% and 55.4%, respectively. Despite a decade-long volatile dividend history, recent earnings growth of 9.4% supports coverage sustainability. The stock trades at a significant discount to estimated fair value, though future earnings are expected to decline slightly over the next three years.
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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 ENXTBR:BEKB KOSE:A058430 and SEHK:883.
