3 Reliable Dividend Stocks With Yields Up To 6.5%

October 10

In a week marked by escalating tensions in the Middle East and surprising job gains in the U.S., global markets have experienced a mix of volatility and resilience, with large-cap stocks managing to secure gains despite geopolitical uncertainties. Amid these fluctuations, dividend stocks continue to attract investors seeking stability and income, offering a buffer against market turbulence through consistent payouts. In such an environment, reliable dividend stocks with attractive yields can serve as valuable components of a diversified portfolio.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

7.84%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.41%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.16%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.41%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.90%

★★★★★★

Innotech (TSE:9880)

4.81%

★★★★★★

CVB Financial (NasdaqGS:CVBF)

4.42%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

6.25%

★★★★★★

James Latham (AIM:LTHM)

5.71%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.83%

★★★★★★

Click here to see the full list of 2047 stocks from our Top Dividend Stocks screener.

Let’s uncover some gems from our specialized screener.

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

Overview: Orascom Construction PLC is an engineering and construction contractor involved in infrastructure, industrial, and high-end commercial projects across the United States, the Middle East, Africa, and Central Asia with a market cap of $659.81 million.

Operations: Orascom Construction PLC generates its revenue from two main segments: $1.69 billion from the USA and $1.59 billion from the MENA region.

Dividend Yield: 6.5%

Orascom Construction’s dividend payments have been unreliable and volatile over the past six years, despite being well-covered by earnings (34.3% payout ratio) and cash flows (8.2% cash payout ratio). The stock trades at a good value relative to peers, with a dividend yield of 6.52%, placing it in the top 25% of AE market payers. Recent earnings showed decreased net income, impacting investor confidence in future payouts.

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DIFX:OC Dividend History as at Oct 2024

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

Overview: Lucky Core Industries Limited, along with its subsidiaries, operates in the manufacturing and trading of soda ash, polyester, pharmaceuticals, chemicals and agri sciences, and animal health products with a market cap of PKR116.15 billion.

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Operations: Lucky Core Industries Limited generates revenue from various segments, including Soda Ash (PKR47.56 billion), Polyester (PKR40.28 billion), Pharmaceuticals (PKR12.21 billion), Chemicals & Agri Sciences (PKR13.70 billion), and Animal Health products (PKR6.78 billion).

Dividend Yield: 4.8%

Lucky Core Industries has experienced dividend growth over the past decade, but payments have been volatile and unreliable. Despite this, dividends are well-covered by earnings (49.7% payout ratio) and cash flows (58.4% cash payout ratio). The company trades at 50.6% below estimated fair value, though its 4.77% yield is low compared to top PK market payers. Recent earnings revealed increased sales but decreased net income, which may concern investors regarding future stability of payouts.

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KASE:LCI Dividend History as at Oct 2024

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

Overview: Alltek Technology Corporation is a communication components distributor and solution provider operating in Taiwan, China, and internationally, with a market cap of NT$9.98 billion.

Operations: Alltek Technology Corporation generates revenue primarily from Alltek Technology Corp. with NT$29.39 billion and Alltek Group Corp and Alltek Technology (H.K.) Limited contributing NT$18.89 billion, along with Gaosen Technology, Inc. providing NT$948.83 million.

Dividend Yield: 4.9%

Alltek Technology’s dividends have grown over the past decade but remain volatile and unreliable. Despite this, a reasonable payout ratio of 72.3% indicates dividends are covered by earnings, while a low cash payout ratio of 22.9% shows strong coverage by cash flows. Trading at 89.1% below estimated fair value, its dividend yield of 4.89% ranks in the top 25% in Taiwan’s market. Recent earnings showed increased net income despite declining sales, reflecting potential financial resilience.

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TWSE:3209 Dividend History as at Oct 2024

Next Steps

Gain an insight into the universe of 2047 Top Dividend Stocks by clicking here.

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Searching for a Fresh Perspective?

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 DIFX:OC KASE:LCI and TWSE:3209.

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