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In a week marked by busy earnings reports and mixed economic signals, global markets showed varied performance, with major U.S. indices like the Nasdaq Composite and S&P MidCap 400 reaching highs only to retreat sharply. Amidst this backdrop of fluctuating market conditions, dividend stocks offer a compelling opportunity for investors seeking stability and income in their portfolios. A good dividend stock typically combines consistent payout history with strong fundamentals, making it an attractive option during periods of economic uncertainty.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Guaranty Trust Holding (NGSE:GTCO) | 6.72% | ★★★★★★ |
| Peoples Bancorp (NasdaqGS:PEBO) | 5.29% | ★★★★★★ |
| Financial Institutions (NasdaqGS:FISI) | 4.96% | ★★★★★★ |
| Business Brain Showa-Ota (TSE:9658) | 4.21% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.10% | ★★★★★★ |
| Kwong Lung Enterprise (TPEX:8916) | 6.32% | ★★★★★★ |
| Citizens & Northern (NasdaqCM:CZNC) | 5.94% | ★★★★★★ |
| James Latham (AIM:LTHM) | 5.83% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.64% | ★★★★★★ |
| Banque Cantonale Vaudoise (SWX:BCVN) | 5.03% | ★★★★★★ |
Click here to see the full list of 2023 stocks from our Top Dividend Stocks screener.
Here's a peek at a few of the choices from the screener.
China Hongqiao Group
Simply Wall St Dividend Rating: ★★★★★☆
Overview: China Hongqiao Group Limited is an investment holding company that manufactures and sells aluminum products in the People's Republic of China and Indonesia, with a market cap of approximately HK$124.13 billion.
Operations: The company generates revenue primarily through its manufacture and sales of aluminum products, totaling CN¥141.48 billion.
Dividend Yield: 8.5%
China Hongqiao Group's dividend yield of 8.5% ranks among the top 25% in Hong Kong, supported by a low payout ratio of 42.3%, indicating coverage by earnings and cash flows. However, its dividend history is volatile, with past instability despite recent increases. The stock trades at a significant discount to its estimated fair value and shows strong earnings growth, as indicated by net income rising to CNY 9.15 billion for the first half of 2024 from CNY 2.46 billion year-on-year.
KCE Electronics
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: KCE Electronics Public Company Limited, along with its subsidiaries, manufactures and distributes electric printed circuit boards (PCBs) globally under the KCE trademark, with a market cap of THB41.37 billion.