As global markets continue to reach new heights, with major indices like the Dow Jones Industrial Average and S&P 500 Index hitting record intraday highs, investors are keeping a close eye on economic policies and geopolitical developments that could impact future performance. Amidst this backdrop of growth and uncertainty, dividend stocks offer a compelling opportunity for those looking to enhance their portfolios by providing potential income stability alongside capital appreciation.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)
6.99%
★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)
4.56%
★★★★★★
Tsubakimoto Chain (TSE:6371)
4.28%
★★★★★★
CAC Holdings (TSE:4725)
4.62%
★★★★★★
Guangxi LiuYao Group (SHSE:603368)
3.23%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Jiangsu Linyang Energy Co., Ltd. is a company that supplies energy meters and system products and accessories both in China and internationally, with a market cap of CN¥15.21 billion.
Operations: Jiangsu Linyang Energy Co., Ltd. generates revenue through the provision of energy meters and system products and accessories across domestic and international markets.
Dividend Yield: 4.1%
Jiangsu Linyang Energy's dividend payments have been volatile over the past decade, with a payout ratio of 56.1% indicating coverage by earnings, yet not well covered by cash flows due to a high cash payout ratio of 390.9%. Despite this instability, its dividend yield is in the top 25% of CN market payers at 4.07%. Recent earnings show growth with net income rising to CNY 910.13 million for nine months ending September 2024.
Overview: Zhejiang Jasan Holding Group Co., Ltd. is involved in the design, manufacture, and sale of knitted sportswear globally, with a market cap of CN¥3.69 billion.
Operations: Zhejiang Jasan Holding Group Co., Ltd. generates revenue through its international design, manufacturing, and sales operations in the knitted sportswear sector.
Dividend Yield: 3.9%
Zhejiang Jasan Holding Group's dividend yield of 3.89% ranks in the top 25% of CN market payers, though its history has been marked by volatility and unreliability over the past decade. Despite a low payout ratio of 48.8%, dividends aren't covered by free cash flows, indicating potential sustainability issues. Recent earnings growth is notable, with net income reaching CNY 263.2 million for nine months ending September 2024, supported by a share buyback program totaling CNY 100.03 million this year.
Overview: Sekisui Chemical Co., Ltd. operates in the housing, urban infrastructure and environmental products, high performance plastics, and medical sectors with a market cap of ¥1.01 trillion.
Operations: Sekisui Chemical Co., Ltd.'s revenue is primarily derived from its Housing segment at ¥518.52 billion, High Performance Plastics at ¥433.73 billion, Environment and Lifelines at ¥238.56 billion, and Medical segment at ¥96.82 billion.
Dividend Yield: 3.1%
Sekisui Chemical's dividend payments are covered by earnings and cash flows, with a payout ratio of 41.9% and a cash payout ratio of 57.9%. However, the dividends have been volatile over the past decade. Recently, Sekisui announced an increase in its quarterly dividend to ¥37 per share from ¥35. The company revised its earnings guidance upward for FY2025, projecting net sales of ¥1.31 trillion and operating profit of ¥105 billion.
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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 SHSE:601222 SHSE:603558 and TSE:4204.
