Dividend Yield: 3.7%

Roche Holding AG offers a modest dividend yield of 3.71%, slightly below the Swiss market's top quartile. Despite this, Roche has demonstrated a consistent dividend track record over the past decade, with growing payments supported by stable free cash flows and earnings, evidenced by payout ratios of 66.7% and 66.9% respectively. However, it carries a high level of debt which could impact future financial flexibility. Trading at a significant discount to its estimated fair value suggests potential undervaluation relative to its fundamentals. Recent product approvals and launches indicate ongoing operational progress despite some clinical setbacks in its pipeline updates as of mid-July 2024.

• Unlock comprehensive insights into our analysis of Roche Holding stock in this dividend report.

• In light of our recent valuation report, it seems possible that Roche Holding is trading behind its estimated value.

St. Galler Kantonalbank

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

Overview: St. Galler Kantonalbank AG is a cantonal bank that offers banking products and services to individuals and small to mid-sized businesses in the Cantons of St. Gallen, with a market capitalization of CHF 2.62 billion.

Operations: St. Galler Kantonalbank AG generates its revenue by serving individuals and small to mid-sized businesses in the Cantons of St. Gallen.

Dividend Yield: 4.3%

St. Galler Kantonalbank, trading 24.4% below its estimated fair value, offers a robust dividend yield of 4.34%, ranking in the top quartile of Swiss dividend stocks. Its dividends have shown consistent growth over the past decade with stable payments supported by a payout ratio of 54.9%, indicating coverage by earnings. This trend is expected to continue with a forecasted payout ratio of 49.2% in three years, underpinned by an earnings growth rate of 5.2% annually over the past five years and a low allowance for bad loans at 55%.

• Delve into the full analysis dividend report here for a deeper understanding of St. Galler Kantonalbank.

• Our valuation report here indicates St. Galler Kantonalbank may be undervalued.

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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 SWX:ASCNSWX:ROG SWX:SGKN and

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