In This Article:
As global markets exhibit mixed performances with a notable shift towards value and small-cap stocks, investors are navigating through a landscape marked by geopolitical tensions and economic surprises. In such an environment, dividend stocks can offer a semblance of stability and predictable returns, making them an appealing option for those looking to balance risk in their investment portfolios.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Yamato Kogyo (TSE:5444) | 3.83% | ★★★★★★ |
| Allianz (XTRA:ALV) | 5.26% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 4.84% | ★★★★★★ |
| Business Brain Showa-Ota (TSE:9658) | 3.58% | ★★★★★★ |
| Guaranty Trust Holding (NGSE:GTCO) | 7.10% | ★★★★★★ |
| Globeride (TSE:7990) | 3.92% | ★★★★★★ |
| KurimotoLtd (TSE:5602) | 4.31% | ★★★★★★ |
| James Latham (AIM:LTHM) | 5.77% | ★★★★★★ |
| Banque Cantonale Vaudoise (SWX:BCVN) | 4.54% | ★★★★★★ |
| Innotech (TSE:9880) | 4.28% | ★★★★★★ |
Click here to see the full list of 2023 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Scancom
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Scancom Plc operates as a telecommunications service provider in Ghana, with a market capitalization of approximately GHS 29.52 billion.
Operations: Scancom Plc generates GHS 14.30 billion from its wireless communications services.
Dividend Yield: 10%
Scancom Plc (MTNGH) offers a robust dividend yield of 10%, ranking in the top 25% within the GH market. Despite a less consistent dividend history, its dividends are well-supported by both earnings and cash flows, with payout ratios at 69.8% and 78% respectively. The company's earnings have seen significant growth, up by 50.3% over the past year, while revenue is projected to increase annually by 17.77%. However, shareholder dilution occurred over the past year, and MTNGH has been distributing dividends for under a decade.
Philippine Seven
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Philippine Seven Corporation operates a chain of convenience stores across the Philippines and has a market capitalization of approximately ₱90.24 billion.
Operations: Philippine Seven Corporation generates revenue primarily through its convenience store operations, totaling approximately ₱82.60 billion.
Dividend Yield: 8%
Philippine Seven reported a solid first quarter with revenues up to PHP 20.92 billion and net income rising to PHP 639.25 million. Recent dividend affirmation includes a payout of PHP 9.60 per share, scheduled for June 4, maintaining its appeal among high-yield seekers with an annual yield of 8.05%. However, the dividend history is marked by volatility and inconsistency over the past decade, raising concerns about future reliability despite a reasonable cash payout ratio of 66.8%. Recent corporate governance adjustments aim to streamline operations by reducing board members from 11 to 9, potentially impacting strategic decisions moving forward.