In This Article:
As global markets navigate the complexities of rising inflation and interest rate expectations, U.S. stock indexes are climbing toward record highs, with growth stocks outperforming value shares. In this environment, dividend stocks can offer a compelling option for investors seeking steady income and potential growth, especially as they provide regular payouts that can help mitigate market volatility.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Guaranty Trust Holding (NGSE:GTCO) | 5.87% | ★★★★★★ |
| Padma Oil (DSE:PADMAOIL) | 7.51% | ★★★★★★ |
| Peoples Bancorp (NasdaqGS:PEBO) | 4.90% | ★★★★★★ |
| Daito Trust ConstructionLtd (TSE:1878) | 4.04% | ★★★★★★ |
| CAC Holdings (TSE:4725) | 3.99% | ★★★★★★ |
| Citizens & Northern (NasdaqCM:CZNC) | 5.23% | ★★★★★★ |
| Southside Bancshares (NYSE:SBSI) | 4.60% | ★★★★★★ |
| Guangxi LiuYao Group (SHSE:603368) | 3.36% | ★★★★★★ |
| HUAYU Automotive Systems (SHSE:600741) | 4.32% | ★★★★★★ |
| DoshishaLtd (TSE:7483) | 3.85% | ★★★★★★ |
Click here to see the full list of 1968 stocks from our Top Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Prevas
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Prevas AB offers technical consultancy services in Sweden and internationally, with a market cap of SEK1.42 billion.
Operations: Prevas AB generates revenue primarily from its operations in Sweden (SEK1.28 billion), followed by Denmark (SEK160.92 million) and Finland (SEK91.54 million).
Dividend Yield: 4.3%
Prevas AB maintains a solid position among Swedish dividend stocks with a proposed dividend of SEK 4.75 per share for 2024, supported by a payout ratio of 66.7%. Despite declining net income, the company's dividends remain well-covered by earnings and cash flows, with a cash payout ratio at 47.8%. Although Prevas has only paid dividends for four years, it offers stability and growth potential in its payments amidst trading below estimated fair value.
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Get an in-depth perspective on Prevas' performance by reading our dividend report here.
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Upon reviewing our latest valuation report, Prevas' share price might be too pessimistic.
Zhejiang Expressway
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Zhejiang Expressway Co., Ltd. is an investment holding company that constructs, operates, maintains, and manages roads in the People’s Republic of China with a market cap of HK$33.92 billion.
Operations: Zhejiang Expressway Co., Ltd. generates revenue from constructing, operating, maintaining, and managing roads in the People’s Republic of China.
Dividend Yield: 6%
Zhejiang Expressway's dividend yield of 6.02% is lower than the top quartile in Hong Kong, and while dividends have been stable and growing over a decade, they are not well-covered by cash flows due to a high cash payout ratio of 137.9%. The company trades at a significant discount to its estimated fair value. Recent projects like the digital transformation of expressways may influence future performance but do not currently enhance dividend sustainability.