Top Dividend Stocks Yielding Up To 4.7%

In a week marked by volatility and mixed economic signals, global markets have been navigating through growth worries and technical factors. Despite these challenges, dividend stocks continue to offer a reliable income stream for investors seeking stability in uncertain times.

A good dividend stock is characterized by consistent payouts and the potential for steady growth, making them particularly attractive in today’s fluctuating market environment.

Top 10 Dividend Stocks

Click here to see the full list of 2083 stocks from our Top Dividend Stocks screener.

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

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

Overview: Mari Petroleum Company Limited explores for, produces, and sells hydrocarbons in Pakistan with a market cap of PKR435.80 billion.

Operations: Mari Petroleum Company Limited generates revenue primarily from the exploration, production, and sale of hydrocarbons in Pakistan.

Dividend Yield: 4.8%

Mari Petroleum’s dividend payments have been volatile over the past decade, with an unstable track record. Despite this, dividends are well-covered by earnings (30.8% payout ratio) and cash flows (44% cash payout ratio). Recent financials show robust growth, with FY2024 net income rising to PKR 77.29 billion from PKR 56.13 billion the previous year. The company also appointed Mr. Zafar Abbas as a new director, aligning with strategic directives from the government.

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

Overview: Univacco Technology Inc., with a market cap of NT$5.13 billion, operates in the stamping foil industry under the UNIVACCO brand in Taiwan and internationally.

Operations: Univacco Technology Inc. generates revenue from its Vacuum-Evaporated Thin Films and Optoelectronic Materials segment, amounting to NT$2.55 billion.

Dividend Yield: 3.2%

Univacco Technology’s dividend payments have been inconsistent over the past decade, with a history of volatility. Despite this, dividends are well-covered by earnings (61.5% payout ratio) and cash flows (45.5% cash payout ratio). Recent financials show notable growth, with Q1 2024 net income rising to TWD 86.83 million from TWD 27.44 million a year ago. The company also initiated a share buyback program worth TWD 64 million to be completed by August 19, 2024.

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

Overview: Kindom Development Co., Ltd. and its subsidiaries construct, develop, and sell real estate properties in Taiwan with a market cap of NT$31.79 billion.

Operations: Kindom Development Co., Ltd. generates revenue primarily from the construction, development, and sale of real estate properties in Taiwan.

Dividend Yield: 3.1%

Kindom Development’s recent financials show robust growth, with Q2 2024 net income soaring to TWD 2.38 billion from TWD 195.15 million a year ago. Despite a historically volatile dividend track record, the company announced a significant cash dividend of TWD 995.71 million, payable on August 23, 2024. Dividends are well-covered by earnings and cash flows (20.1% payout ratio and 15.5% cash payout ratio), suggesting sustainability despite past inconsistencies in payments.

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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.

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