Top 3 Dividend Stocks To Consider For Your Portfolio

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In a week marked by busy earnings reports and mixed economic data, global markets showed volatility with major indices like the Nasdaq Composite and S&P 500 experiencing fluctuations. Amidst this backdrop, investors often turn to dividend stocks for their potential to provide steady income streams, especially when growth stocks lag behind value shares. In such times, selecting dividend stocks that demonstrate strong fundamentals and consistent payout histories can be a prudent strategy for maintaining stability in one’s portfolio.

Name

Dividend Yield

Dividend Rating

Mitsubishi Shokuhin (TSE:7451)

3.86%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

6.69%

★★★★★★

Yamato Kogyo (TSE:5444)

4.12%

★★★★★★

Globeride (TSE:7990)

4.12%

★★★★★★

Intelligent Wave (TSE:4847)

3.97%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

3.16%

★★★★★★

Innotech (TSE:9880)

4.86%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.57%

★★★★★★

E J Holdings (TSE:2153)

3.79%

★★★★★★

GakkyushaLtd (TSE:9769)

4.59%

★★★★★★

Click here to see the full list of 2039 stocks from our Top Dividend Stocks screener.

Let’s take a closer look at a couple of our picks from the screened companies.

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

Overview: CaixaBank, S.A. offers a range of banking products and financial services in Spain and internationally, with a market cap of approximately €41.11 billion.

Operations: CaixaBank, S.A. generates revenue through a diverse array of banking products and financial services offered both domestically in Spain and internationally.

Dividend Yield: 6.9%

CaixaBank’s dividend yield of 7.01% ranks in the top 25% of Spanish dividend payers, aided by a payout ratio of 57%, indicating coverage by earnings. However, its dividends have been volatile over the past decade, with periods of significant drops. Recent earnings growth and strong net income figures suggest potential stability, yet high bad loans at 2.6% pose a risk. The bank’s recent fixed-income offerings highlight ongoing capital management efforts amidst these challenges.

BME:CABK Dividend History as at Nov 2024

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

Overview: A.P. Møller – Mærsk A/S, along with its subsidiaries, operates in the ocean transport and logistics sector both in Denmark and globally, with a market cap of DKK172.96 billion.

Operations: A.P. Møller – Mærsk A/S generates its revenue primarily from its ocean transport and logistics operations worldwide.

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