3 Dividend Stocks to Consider in Your Portfolio

Global247 December 24, 2024

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3 Dividend Stocks to Consider in Your Portfolio

Global markets experienced significant volatility in a week marked by cautious comments from the Federal Reserve and concerns about a looming government shutdown, with U.S. stocks still facing broad losses despite a recovery over the weekend. Amid these fluctuations, investors may find comfort in dividend stocks, which can provide a steady stream of income and potential stability during uncertain economic times.

Name	dividend yield	Dividend Rating
Peoples Bancorp (NASDAQ GS:PEBO)	4.98%	★★★★★★
Southside Bankshares (NYSE:SBSI)	4.56%	★★★★★★
Badma Oil (DSE:PADMAOIL)	7.56%	★★★★★★
South Central Publishing and Media Group (Stock code: 601098)	3.76%	★★★★★★
Feike Holdings (TSE:4671)	6.62%	★★★★★★
Huayu Automotive Systems (Shanghai Stock Exchange stock code: 600741)	4.26%	★★★★★★
EJ Holdings (TSE: 2153)	3.82%	★★★★★★
Citizens & North (Nasdaq CM: CZNC)	6.05%	★★★★★★
Premier Financial (NASDAQGS:PFC)	4.74%	★★★★★★
Banco Vaudou (SWX:BCVN)	5.22%	★★★★★★

Click here to see the complete list of 1958 stocks in our High Dividend Stock Screener.

Let’s discover some gems from our professional filters.

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Sojitz Corporation is a comprehensive trading company involved in a variety of global business activities, with a market capitalization of 669.89 billion yen.

operations: Sojitz Corporation’s revenue divisions include the Chemicals Division 577.78 billion yen, the Automobile Division 419.28 billion yen, the Retail and Consumer Services Division 427.75 billion yen, the Metals, Mineral Resources and Recycling Division 486.07 billion yen, and the Consumer Industry and Agriculture Division 264.51 billion yen.

Dividend Yield: 4.8%

Sojitz’s dividend profile is mixed. Despite a recent increase in dividend payments, the company’s dividends have been volatile over the past decade and are not included in free cash flow. However, with a payout ratio of 32.7%, the dividend is well covered by earnings, showing some stability. The stock trades well with a price-to-earnings ratio of 6.9 times, which is lower than the Japanese market average. Recent strategic partnerships and share repurchase programs underscore Sojitz’s commitment to shareholder returns within its evolving business strategy.

TSE: 2768 Dividend History to December 2024

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Daido Special Steel Co., Ltd. produces and sells steel products in Japan and internationally, with a market capitalization of 233.62 billion yen.

operations: Daido Special Steel Co., Ltd.’s revenue mainly comes from its special steel products division (283.84 billion yen), followed by functional and magnetic materials (218.14 billion yen), automotive parts and industrial machinery parts (141.85 billion yen), distribution services ( 4.670 billion yen), and the project is 23.27 billion yen.

Dividend Yield: 4.1%

Datong Special Steel’s dividend yield of 4.14% is attractive, ranking among the top 25% of payers in the Japanese market, but despite a low payout ratio of 32.1%, its dividends are volatile and cannot be covered by cash flow . It trades at a 54.7% discount to fair value and offers good relative value with profit forecasts for growth. Recent share buybacks are designed to improve capital efficiency and shareholder returns amid fluctuations in dividend stability.

TSE:5471 Dividend History to December 2024

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Nichicon Corporation, with a market capitalization of ¥71.49 billion, manufactures and sells capacitors and circuit products for electrical and electronic products in Japan, the United States, Europe, Asia and internationally.

operations: Nichicon Corporation generates revenue from the manufacture and sale of capacitors and circuit products used in electrical and electronic applications in global markets including Japan, the United States, Europe and Asia.

Dividend Yield: 3.3%

Nichicon’s dividend yield of 3.25% is lower than Japan’s top 25%, while its high cash payout ratio (353%) suggests that cash flow doesn’t cover the dividend well. Nonetheless, dividends have been stable and growing over the past decade, and the payout ratio is low (18.6%), suggesting earnings are covered. Despite the recent decline in profit margins from 5.8% to 3.6%, Nichicon trades at a 41.6% discount to estimated fair value, but still presents a good relative value.

TSE: 6996 Dividend History to December 2024

Click here to see our complete index of the top dividend stocks of 1958.
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This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative information. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include TSE:2768, TSE:5471 and TSE:6996.

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