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Top 3 Dividend Stocks To Enhance Your Portfolio

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As global markets experience broad-based gains with U.S. indexes approaching record highs, investors are navigating a landscape marked by strong labor market data and stabilizing economic indicators. In this environment, dividend stocks can offer a compelling opportunity for those seeking to enhance their portfolios with steady income streams and potential growth, particularly as interest rates show signs of easing.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

6.98%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

4.54%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.27%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.60%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.46%

★★★★★★

Nihon Parkerizing (TSE:4095)

3.93%

★★★★★★

James Latham (AIM:LTHM)

6.73%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.56%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.45%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.93%

★★★★★★

Click here to see the full list of 1970 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Equasens Société anonyme

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

Overview: Equasens Société anonyme offers healthcare IT solutions across Europe and has a market capitalization of €623.04 million.

Operations: Equasens Société anonyme generates its revenue through the provision of healthcare IT solutions across various European markets.

Dividend Yield: 3%

Equasens Société anonyme offers a reliable dividend history with consistent growth over the past decade. Despite a lower yield of 2.98% compared to top French market payers, its dividends are well-covered by earnings and cash flows, with payout ratios of 44.5% and 64.9%, respectively. Recent earnings showed a decline, but management maintains revenue growth forecasts for late 2024 and beyond, suggesting potential stability in future payouts amidst improving economic conditions for French pharmacies.

ENXTPA:EQS Dividend History as at Nov 2024
ENXTPA:EQS Dividend History as at Nov 2024

Scanfil Oyj

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

Overview: Scanfil Oyj is a global contract manufacturer and system supplier for the electronics industry with a market cap of €487.63 million.

Operations: Scanfil Oyj generates its revenue from several key segments, including Industrial (€132.70 million), Energy & Cleantech (€253.50 million), and Medtec, Life Science, Environmental Measurements (€142.10 million).

Dividend Yield: 3.1%

Scanfil Oyj's dividend yield of 3.07% is modest compared to leading Finnish market payers, yet it offers a stable and growing dividend history over the past decade. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 37% and 17.1%, respectively, indicating sustainability. Despite recent declines in sales and net income for Q3 2024, strategic partnerships like the one with Skytree may bolster future growth prospects, supporting long-term dividend reliability.