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3 Reliable Dividend Stocks Yielding Up To 6.7%

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As global markets react to the recent U.S. election results and a Federal Reserve rate cut, major benchmarks like the S&P 500 have surged to record highs, driven by investor optimism over potential economic growth and tax reforms. Amidst this backdrop of market volatility and shifting economic policies, dividend stocks continue to offer investors a measure of stability through regular income streams.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Tsubakimoto Chain (TSE:6371)

4.18%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

3.04%

★★★★★★

Globeride (TSE:7990)

4.10%

★★★★★★

Guangxi LiuYao Group (SHSE:603368)

3.25%

★★★★★★

GakkyushaLtd (TSE:9769)

4.54%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.77%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

3.87%

★★★★★★

CAC Holdings (TSE:4725)

4.52%

★★★★★★

E J Holdings (TSE:2153)

3.86%

★★★★★★

DoshishaLtd (TSE:7483)

3.86%

★★★★★★

Click here to see the full list of 1939 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Tong Yang Life Insurance

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

Overview: Tong Yang Life Insurance Co., Ltd. operates in the life insurance sector in South Korea, with a market capitalization of approximately ₩868.62 billion.

Operations: Tong Yang Life Insurance Co., Ltd. generates its revenue primarily from the life and health insurance segment, amounting to approximately ₩2.94 billion.

Dividend Yield: 6.7%

Tong Yang Life Insurance offers a compelling dividend profile with a low payout ratio of 24.7%, ensuring dividends are well covered by earnings and cash flows, reflected in a cash payout ratio of 5.7%. Recent earnings growth has been significant, with net income for Q2 2024 at KRW 85.68 billion compared to KRW 37.18 billion the previous year. The acquisition by Woori Financial Group for KRW 1.3 trillion could influence future dividend policies.

KOSE:A082640 Dividend History as at Nov 2024
KOSE:A082640 Dividend History as at Nov 2024

Softronic

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

Overview: Softronic AB (publ) offers IT and management services mainly in Sweden, with a market capitalization of approximately SEK13 billion.

Operations: Softronic AB (publ) generates revenue from its Computer Services segment, totaling SEK848.52 million.

Dividend Yield: 5.5%

Softronic's dividend profile shows mixed stability, with past volatility and unreliability over the last decade. However, dividends are covered by earnings (82.9% payout ratio) and cash flows (60.9% cash payout ratio), suggesting sustainability. The dividend yield of 5.47% ranks in the top quartile of Swedish payers, and recent earnings growth supports this position—Q3 2024 saw net income rise to SEK 25.6 million from SEK 23 million year-on-year, indicating improved financial health.