3 Reliable Dividend Stocks Offering Up To 5.9% Yield

As global markets react to the recent U.S. election results and a Federal Reserve rate cut, investors are witnessing record highs in major benchmarks like the S&P 500, driven by optimism surrounding potential economic growth and tax reforms. In this environment of fluctuating yields and evolving fiscal policies, dividend stocks present an appealing option for those seeking steady income; they offer not only potential returns through dividends but also a measure of stability amid market volatility.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Tsubakimoto Chain (TSE:6371)

4.19%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

6.90%

★★★★★★

Globeride (TSE:7990)

4.12%

★★★★★★

Guangxi LiuYao Group (SHSE:603368)

3.21%

★★★★★★

Allianz (XTRA:ALV)

4.81%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.52%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

4.15%

★★★★★★

E J Holdings (TSE:2153)

3.81%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.47%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.43%

★★★★★★

Click here to see the full list of 1940 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Shanghai Hanbell Precise Machinery

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

Overview: Shanghai Hanbell Precise Machinery Co., Ltd. (SZSE:002158) operates in the manufacturing sector, specializing in the production of compressors and related machinery, with a market cap of CN¥10.31 billion.

Operations: Unfortunately, the Business operations text provided does not contain detailed information about Shanghai Hanbell Precise Machinery's revenue segments.

Dividend Yield: 3%

Shanghai Hanbell Precise Machinery's dividends are well-covered by earnings with a payout ratio of 34.2%, and cash flows cover the dividend with a 51% cash payout ratio, suggesting sustainability. Despite its attractive valuation, trading at 66% below estimated fair value, the company has an unreliable dividend history due to past volatility. However, its current yield is in the top 25% of CN market payers and recent earnings growth supports future payouts.

SZSE:002158 Dividend History as at Nov 2024
SZSE:002158 Dividend History as at Nov 2024

Global

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

Overview: Global Ltd., with a market cap of ¥18.06 billion, operates through its subsidiaries in Japan, focusing on the development of condominiums, apartment complexes, earning properties, commercial facilities, hotels, and various other properties.