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As global markets navigate a landscape of interest rate cuts and mixed economic signals, investors are closely watching the performance of major indices, with technology stocks like those in the Nasdaq Composite continuing to reach new heights. In this environment, dividend stocks offer a reliable income stream and potential stability amid market volatility, making them an attractive option for those seeking consistent returns.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Tsubakimoto Chain (TSE:6371)
4.27%
★★★★★★
CAC Holdings (TSE:4725)
4.76%
★★★★★★
Yamato Kogyo (TSE:5444)
4.11%
★★★★★★
Guangxi LiuYao Group (SHSE:603368)
3.23%
★★★★★★
Padma Oil (DSE:PADMAOIL)
7.43%
★★★★★★
GakkyushaLtd (TSE:9769)
4.47%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: SCB X Public Company Limited serves as a holding company for The Siam Commercial Bank Public Company Limited, offering a range of financial products and services, with a market cap of THB399 billion.
Operations: SCB X Public Company Limited's revenue is primarily derived from Banking Services (THB144.35 billion), Consumer & Digital Financial Services (THB29.01 billion), and Platforms & Digital Assets (THB2.06 billion).
Dividend Yield: 8.3%
SCB X offers a high dividend yield, ranking in the top 25% of the Thai market. Its dividends are covered by earnings with a payout ratio of 76.7%, though they have been volatile over the past decade. Despite recent earnings growth and an increase in dividends over ten years, SCB faces challenges with a high level of non-performing loans at 3.9%. Recent Q3 results showed net income growth to THB 10.94 billion from THB 9.66 billion last year.
Overview: Tenryu Saw Mfg. Co., Ltd. manufactures and sells saw blades both in Japan and internationally, with a market cap of ¥16.45 billion.
Operations: Tenryu Saw Mfg. Co., Ltd.'s revenue is derived from various regions, with ¥10.39 billion from Japan, ¥4.07 billion from China, ¥1.77 billion from Asia, ¥1.64 billion from the U.S.A., and ¥766.58 million from Europe.
Dividend Yield: 4%
Tenryu Saw Mfg's dividend yield is in the top 25% of the Japanese market, offering a competitive 4%. Despite earnings growing by 17.3% last year, dividends have been volatile over the past decade, with occasional drops exceeding 20%. However, dividends are well covered by both earnings and free cash flow, with payout ratios of 39% and 37%, respectively. The stock trades at a significant discount to its estimated fair value.
Overview: Teikoku Electric Mfg. Co., Ltd. manufactures and sells electrical equipment and general machinery, with a market cap of ¥48.06 billion.
Operations: Teikoku Electric Mfg. Co., Ltd.'s revenue is primarily derived from its Pump Business, generating ¥27.49 billion, followed by the Electronic Components Business, which contributes ¥1.55 billion.
Dividend Yield: 3%
Teikoku Electric Mfg. Co. Ltd.'s dividend yield is relatively low at 3% compared to the top 25% in Japan, and its dividend history has been volatile over the past decade. However, dividends are well covered by earnings and cash flows with payout ratios of 62.3% and 59.2%, respectively. Recent share buybacks totaling ¥2.48 billion indicate a commitment to enhancing shareholder value through capital efficiency improvements amidst fluctuating profit margins and projected earnings growth of 22.5%.
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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 SET:SCB TSE:5945 and TSE:6333.
