Top 3 Dividend Stocks To Boost Your Portfolio
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In the wake of recent global market developments, U.S. stocks have rallied to record highs, buoyed by expectations of economic growth and lower corporate taxes following a significant political shift. As markets adjust to these changes, investors are increasingly looking towards dividend stocks as a reliable source of income and stability in their portfolios. In light of current conditions, selecting dividend stocks with strong fundamentals can be an effective strategy for enhancing portfolio resilience and generating consistent returns amidst evolving economic landscapes.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Peoples Bancorp (NasdaqGS:PEBO) | 4.63% | ★★★★★★ |
| Guaranty Trust Holding (NGSE:GTCO) | 6.90% | ★★★★★★ |
| Globeride (TSE:7990) | 4.06% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.51% | ★★★★★★ |
| Financial Institutions (NasdaqGS:FISI) | 4.45% | ★★★★★★ |
| China South Publishing & Media Group (SHSE:601098) | 4.35% | ★★★★★★ |
| FALCO HOLDINGS (TSE:4671) | 6.67% | ★★★★★★ |
| Kwong Lung Enterprise (TPEX:8916) | 6.32% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 4.47% | ★★★★★★ |
| Citizens & Northern (NasdaqCM:CZNC) | 5.43% | ★★★★★★ |
Click here to see the full list of 1936 stocks from our Top Dividend Stocks screener.
Let's take a closer look at a couple of our picks from the screened companies.
Sogefi
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Sogefi S.p.A. is a company that designs, develops, and produces filtration systems, suspension components, air management products, and engine cooling systems for the automotive industry across Europe, South America, North America, and Asia with a market cap of €236.30 million.
Operations: Sogefi S.p.A. generates revenue from its core segments, including Suspensions (€546.31 million) and Air and Cooling (€479.15 million).
Dividend Yield: 9.8%
Sogefi's recent earnings report shows a decline in both sales and net income for the third quarter, with sales at €242.6 million and net income at €3.7 million, down from last year. Despite this, Sogefi offers a high dividend yield of 9.8%, ranking in the top 25% of Italian dividend payers. The dividends appear sustainable with low payout ratios—33.2% from earnings and 39.9% from cash flows—though it's too early to assess their reliability or growth potential due to the recent initiation of payments.
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Dive into the specifics of Sogefi here with our thorough dividend report.
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The valuation report we've compiled suggests that Sogefi's current price could be quite moderate.
Niterra
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Niterra Co., Ltd. manufactures and sells spark plugs and related products for internal-combustion engines, as well as technical ceramics, both in Japan and internationally, with a market cap of ￥962.43 billion.