In the current global market landscape, major stock indexes have shown mixed results with growth stocks outperforming value stocks, while geopolitical events and economic data continue to influence investor sentiment. Amid this backdrop of record highs for some indices and sector-specific fluctuations, dividend stocks remain a compelling option for investors seeking steady income streams. A good dividend stock typically combines a reliable payout history with the potential for capital appreciation, making it an attractive choice in times of market volatility and economic uncertainty.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)
6.98%
★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)
4.56%
★★★★★★
Wuliangye YibinLtd (SZSE:000858)
3.08%
★★★★★★
GakkyushaLtd (TSE:9769)
4.48%
★★★★★★
Financial Institutions (NasdaqGS:FISI)
4.44%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Bouvet ASA is a consultancy firm offering IT and digital communication services to public and private sector clients in Norway, Sweden, and internationally, with a market cap of NOK7.71 billion.
Operations: Bouvet ASA generates revenue of NOK3.87 billion from its IT consultancy services segment.
Dividend Yield: 3.5%
Bouvet ASA's dividend is reliably covered by earnings and cash flows, with a payout ratio of 71.3% and a cash payout ratio of 41.7%. Although the dividend yield of 3.47% is below top-tier Norwegian payers, Bouvet has consistently increased its dividends over the past decade. Recent earnings growth supports sustainability, with Q3 net income rising to NOK 77.91 million from NOK 63.14 million last year, alongside a supplementary dividend increase for 2023.
Overview: Koike Sanso Kogyo Co., Ltd. is involved in the development, manufacturing, and sale of gases, welding and cutting machines, and related products for industries processing steel plates, aluminum, and stainless steel both in Japan and internationally; it has a market cap of ¥26.82 billion.
Operations: Koike Sanso Kogyo Co., Ltd.'s revenue segments consist of High-Pressure Gas at ¥19.83 billion, Welding Equipment at ¥8.42 billion, and Machinery and Equipment at ¥23.98 billion.
Dividend Yield: 3.5%
Koike Sanso Kogyo Ltd.'s dividend is well-covered by earnings and cash flows, with a payout ratio of 25.8% and a cash payout ratio of 19.7%. Despite trading at a significant discount to estimated fair value, its dividend yield of 3.46% is lower than the top quartile in Japan. Earnings have grown significantly by 35.9% over the past year; however, the company's dividend history has been volatile and unreliable over the last decade.
Overview: Hokkaido Gas Co., Ltd. operates in the gas, heat, and power supply sectors in Japan with a market cap of ¥49.26 billion.
Operations: Hokkaido Gas Co., Ltd.'s revenue is derived from its operations in the gas, and heat and power supply sectors in Japan.
Dividend Yield: 3.2%
Hokkaido Gas offers a stable dividend profile, with payments reliably growing over the past decade. The dividends are well-covered by both earnings and cash flows, reflected in low payout ratios of 4.5% and 15.8%, respectively. Despite trading significantly below estimated fair value, its dividend yield of 3.22% is modest compared to the top quartile in Japan's market. However, the company carries a high level of debt, which could impact future financial flexibility.
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 OB:BOUV TSE:6137 and TSE:9534.
