Three Top Dividend Stocks For Reliable Income

October 11

Amidst escalating Middle East tensions and unexpected job gains in the U.S., global markets have experienced a mix of volatility and resilience, with large-cap stocks managing to secure weekly gains despite geopolitical uncertainties. As investors navigate these turbulent times, dividend stocks stand out as a potential source of reliable income, offering stability through regular payouts even when market conditions are unpredictable.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

7.84%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

5.41%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.43%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.87%

★★★★★★

CVB Financial (NasdaqGS:CVBF)

4.48%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.12%

★★★★★★

CAC Holdings (TSE:4725)

4.49%

★★★★★★

James Latham (AIM:LTHM)

5.71%

★★★★★★

GakkyushaLtd (TSE:9769)

4.51%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.87%

★★★★★★

Click here to see the full list of 2061 stocks from our Top Dividend Stocks screener.

Let’s dive into some prime choices out of the screener.

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

Overview: Bank of Africa – Côte D’Ivoire offers a range of banking and financial services to individuals and businesses in Ivory Coast, with a market capitalization of F CFA203.90 billion.

Operations: Bank of Africa – Côte D’Ivoire generates revenue primarily from its banking services, amounting to F CFA57.11 billion.

Dividend Yield: 7.5%

Bank of Africa – Côte D’ivoire offers a stable and reliable dividend yield of 7.45%, though it falls short compared to the top CI market payers. The company’s payout ratio of 58.3% suggests dividends are covered by earnings, supported by a recent net income report of XOF 4.82 billion for the half year ending June 2024. With a price-to-earnings ratio at 7.2x, below the market average, its valuation appears reasonable for dividend investors seeking stability and growth potential in payouts over the past decade.

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BRVM:BOAC Dividend History as at Oct 2024

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

Overview: RCL Foods Limited is a South African food manufacturer with a market capitalization of ZAR8.77 billion.

Operations: RCL Foods Limited generates revenue from its key segments, including Sugar (ZAR11.81 billion), Baking (ZAR9.14 billion), and Groceries (ZAR5.31 billion).

Dividend Yield: 3.6%

RCL Foods’ dividend payments have been volatile and unreliable over the past decade, though recent earnings growth of ZAR 1.62 billion indicates potential stability. With a payout ratio of 26.3% and cash payout ratio of 19.1%, dividends are well-covered by earnings and cash flows. Trading at a significant discount to estimated fair value, RCL’s dividend yield remains modest at 3.55%, below top-tier ZA market payers despite resumed payments post-Rainbow unbundling.

Story continues

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JSE:RCL Dividend History as at Oct 2024

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

Overview: Pakistan National Shipping Corporation, along with its subsidiaries, operates in the global shipping industry and has a market capitalization of PKR56.64 billion.

Operations: Pakistan National Shipping Corporation generates revenue of PKR41.90 billion from its segments, which include the transportation of dry cargo, liquid cargo, and rental income.

Dividend Yield: 5.8%

Pakistan National Shipping’s dividend payments have been volatile and unreliable over the past decade, despite recent increases. The payout ratio of 15.9% and cash payout ratio of 23.8% indicate dividends are well-covered by earnings and cash flows, suggesting sustainability. However, with a dividend yield of 5.83%, it remains below top-tier PK market payers. Trading at a significant discount to estimated fair value, recent board changes may influence future stability and performance.

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KASE:PNSC Dividend History as at Oct 2024

Seize The Opportunity

Delve into our full catalog of 2061 Top Dividend Stocks here.

Shareholder in one or more of these companies? Ensure you’re never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.

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Interested In Other Possibilities?

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 BRVM:BOAC JSE:RCL and KASE:PNSC.

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