Top 3 Dividend Stocks To Enhance Your Portfolio

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In the current global market landscape, uncertainties surrounding policy changes and economic indicators have led to a mixed performance across various sectors, with notable fluctuations in U.S. stocks and a cautious stance from the Federal Reserve on interest rates. Amidst these dynamics, dividend stocks can offer investors a measure of stability and income potential, making them an attractive option for those looking to enhance their portfolios in uncertain times.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.52%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

6.68%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

3.13%

★★★★★★

Guangxi LiuYao Group (SHSE:603368)

3.25%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.74%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.47%

★★★★★★

Petrol d.d (LJSE:PETG)

5.83%

★★★★★★

E J Holdings (TSE:2153)

3.84%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.55%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.43%

★★★★★★

Click here to see the full list of 1962 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

Wallenius Wilhelmsen

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Wallenius Wilhelmsen ASA, along with its subsidiaries, operates in the global logistics and transportation sector with a market capitalization of NOK46.07 billion.

Operations: Wallenius Wilhelmsen ASA generates its revenue from three main segments: Shipping Services ($3.90 billion), Logistics Services ($1.21 billion), and Government Services ($397 million).

Dividend Yield: 10%

Wallenius Wilhelmsen's dividend payments are well covered by cash flows, with a low cash payout ratio of 25.5%, but earnings coverage is tighter at 89.5%. Despite its high yield in the Norwegian market, the dividend history has been volatile over the past decade. Recent multi-year contracts, including a US$580 million deal with an automotive manufacturer and a US$766 million agreement with an equipment manufacturer, may bolster future financial stability and dividend sustainability.

OB:WAWI Dividend History as at Nov 2024
OB:WAWI Dividend History as at Nov 2024

Cube System

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Cube System Inc. offers a range of technological services both in Japan and internationally, with a market cap of ¥15.75 billion.

Operations: Cube System Inc.'s revenue segments include various technological services provided domestically and internationally.

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