As global markets react to the recent U.S. election results, with major indices like the S&P 500 and Nasdaq Composite reaching record highs, investors are considering how potential policy changes might impact growth and inflation. Amidst this backdrop of economic optimism and uncertainty, dividend stocks remain an attractive option for those seeking steady income streams in a fluctuating market environment.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Wuliangye YibinLtd (SZSE:000858)
3.02%
★★★★★★
Globeride (TSE:7990)
4.06%
★★★★★★
Guangxi LiuYao Group (SHSE:603368)
3.19%
★★★★★★
GakkyushaLtd (TSE:9769)
4.51%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Advanced Information Technology Public Company Limited, with a market cap of THB6.79 billion, operates in Thailand by designing, selling, installing, servicing, repairing, maintaining, and providing training for information and communication technology network systems.
Operations: Advanced Information Technology Public Company Limited generates its revenue primarily from sales and service, amounting to THB7.07 billion.
Dividend Yield: 7.2%
Advanced Information Technology's dividend yield of 7.24% places it among the top 25% in the Thai market, supported by a reasonable cash payout ratio of 57.5%. Despite this, its dividend history is marked by volatility and unreliability over the past decade, with payments declining. The payout ratio of 85.8% indicates coverage by earnings but suggests limited room for growth or stability improvements. AIT's P/E ratio of 12.2x offers relative value compared to the market average.
Overview: NHK Spring Co., Ltd. operates in Japan, offering products for the automobile, data communications, and industry and lifestyle sectors, with a market cap of ¥407.52 billion.
Operations: NHK Spring Co., Ltd.'s revenue segments include Automotive Seating at ¥324.42 billion, Disk Drive Suspension (DDS) at ¥74.46 billion, Automotive Suspension Springs at ¥176.61 billion, and Industrial Machinery and Equipment along with other operations contributing ¥123.86 billion.
Dividend Yield: 3.3%
NHK Spring's dividend is well supported by a low payout ratio of 20% and a cash payout ratio of 41.3%, indicating strong coverage by earnings and cash flows. However, its dividend yield of 3.32% falls short compared to the top tier in Japan, and its dividend history has been unstable with past volatility. Despite trading at 40.5% below estimated fair value, the company’s dividends have grown over the last decade but remain unreliable due to inconsistent payments.
Overview: NOK Corporation is engaged in the manufacturing, importing, and selling of seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemical products, and electronic items both in Japan and internationally; it has a market cap of approximately ¥374.24 billion.
Operations: NOK Corporation's revenue segments include seal products, industrial mechanical parts, hydraulic and pneumatic equipment, nuclear power equipment, synthetic chemical products, and electronic items.
Dividend Yield: 4.4%
NOK's dividend yield is competitive, ranking in the top 25% of Japanese dividend payers. However, its dividend history has been volatile and unreliable over the past decade. Despite this instability, dividends have grown during this period and are well covered by a low payout ratio of 25%. The company trades at a significant discount to estimated fair value. Recent share buybacks may positively impact shareholder returns but do not directly address dividend sustainability concerns.
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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 SET:AIT TSE:5991 and TSE:7240.
