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In a turbulent week for global markets, the S&P 500 Index experienced its steepest decline in 18 months amid concerns over an economic slowdown and seasonal trading patterns. Defensive sectors like utilities and consumer staples fared better, highlighting the importance of stability during uncertain times. In this context, dividend stocks yielding between 3% and 5.3% can offer a compelling combination of income and resilience.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Globeride (TSE:7990) | 4.38% | ★★★★★★ |
| Tsubakimoto Chain (TSE:6371) | 4.23% | ★★★★★★ |
| Guaranty Trust Holding (NGSE:GTCO) | 7.04% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.26% | ★★★★★★ |
| Mitsubishi Research Institute (TSE:3636) | 3.93% | ★★★★★★ |
| Business Brain Showa-Ota (TSE:9658) | 4.35% | ★★★★★★ |
| KurimotoLtd (TSE:5602) | 4.90% | ★★★★★★ |
| James Latham (AIM:LTHM) | 6.01% | ★★★★★★ |
| Banque Cantonale Vaudoise (SWX:BCVN) | 4.91% | ★★★★★★ |
| E J Holdings (TSE:2153) | 3.84% | ★★★★★☆ |
Click here to see the full list of 2123 stocks from our Top Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
NIPPON PARKING DEVELOPMENTLtd
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: NIPPON PARKING DEVELOPMENT Co., Ltd. offers consulting services for parking lots in Japan and internationally, with a market cap of ¥70.20 billion.
Operations: NIPPON PARKING DEVELOPMENT Co., Ltd. generates revenue through its consulting services for parking facilities both domestically and abroad.
Dividend Yield: 3%
NIPPON PARKING DEVELOPMENT Ltd. has a stable and reliable dividend history, with payments growing over the past 10 years. However, its current dividend yield of 3% is lower than the top quartile of JP market payers (3.87%). Despite a low payout ratio of 38.3%, indicating earnings coverage, the high cash payout ratio (342.6%) raises concerns about sustainability from free cash flows. Recent earnings growth of 15.8% adds some positive context ahead of their fiscal year results on Sep 06, 2024.
Hanpin Electron
Simply Wall St Dividend Rating: ★★★★★☆
Overview: Hanpin Electron Co., Ltd. designs, manufactures, and sells electronic consumer products, professional audio products, and professional DJ equipment in Taiwan, China, Hong Kong, and Singapore with a market cap of NT$4.21 billion.
Operations: Hanpin Electron Co., Ltd.'s revenue from the Audio Department is NT$2.63 billion.