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As global markets navigate a turbulent week with mixed economic signals and cautious earnings reports, investors are keenly observing the performance of major indices, which have mostly ended lower despite some intraday highs. In this climate of uncertainty, dividend stocks often stand out as attractive options for their potential to provide steady income streams and mitigate volatility, making them worth considering in a diversified investment strategy.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Peoples Bancorp (NasdaqGS:PEBO) | 5.20% | ★★★★★★ |
| Intelligent Wave (TSE:4847) | 3.97% | ★★★★★★ |
| Financial Institutions (NasdaqGS:FISI) | 5.00% | ★★★★★★ |
| Innotech (TSE:9880) | 4.86% | ★★★★★★ |
| CAC Holdings (TSE:4725) | 4.62% | ★★★★★★ |
| Southside Bancshares (NasdaqGS:SBSI) | 4.51% | ★★★★★★ |
| Business Brain Showa-Ota (TSE:9658) | 4.22% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.03% | ★★★★★★ |
| Citizens & Northern (NasdaqCM:CZNC) | 5.92% | ★★★★★★ |
| Banque Cantonale Vaudoise (SWX:BCVN) | 4.99% | ★★★★★★ |
Click here to see the full list of 2040 stocks from our Top Dividend Stocks screener.
Let's review some notable picks from our screened stocks.
Loomis
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Loomis AB (publ) offers solutions for the distribution, payments, handling, storage, and recycling of cash and other valuables with a market cap of SEK23.04 billion.
Operations: Loomis AB (publ) generates revenue through its segments, including Loomis Pay with SEK94 million, Europe and Latin America contributing SEK14.49 billion, and the United States of America adding SEK15.48 billion.
Dividend Yield: 3.7%
Loomis's dividend payments are covered by earnings with a payout ratio of 56.8% and well-supported by cash flows, evidenced by a low cash payout ratio of 20.8%. However, its dividend yield of 3.75% is below the top quartile in the Swedish market, and past dividends have been volatile over the last decade. Recent buybacks totaling SEK 399.75 million could positively impact future dividend sustainability amidst growing earnings reported for Q3 2024.
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Delve into the full analysis dividend report here for a deeper understanding of Loomis.
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Our valuation report unveils the possibility Loomis' shares may be trading at a discount.
ShenZhen YUTO Packaging Technology
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: ShenZhen YUTO Packaging Technology Co., Ltd. operates in the packaging industry and has a market cap of CN¥23.46 billion.
Operations: ShenZhen YUTO Packaging Technology Co., Ltd. generates revenue primarily from its Paper Packaging segment, which amounts to CN¥16.27 billion.
Dividend Yield: 3.7%
ShenZhen YUTO Packaging Technology's dividend yield of 3.7% ranks in the top 25% of the Chinese market. While dividends are covered by earnings (55.2% payout ratio) and cash flows (58.6% cash payout ratio), their reliability is questionable due to volatility over seven years, including significant annual drops. Recent earnings growth, with net income reaching CNY 1.11 billion for nine months ending September 2024, may support future payouts despite historical instability in dividend payments.