3 Dividend Stocks Yielding Up To 6% For Steady Income

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In a week marked by mixed performances across major U.S. stock indexes and geopolitical uncertainties in Europe, investors are increasingly seeking stable income sources amid fluctuating market conditions. Dividend stocks, particularly those yielding up to 6%, can offer a reliable stream of income, making them an attractive option for those looking to navigate the current economic landscape with more predictability.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

6.99%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

4.61%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.27%

★★★★★★

GakkyushaLtd (TSE:9769)

4.43%

★★★★★★

Yamato Kogyo (TSE:5444)

3.99%

★★★★★★

Padma Oil (DSE:PADMAOIL)

7.44%

★★★★★★

E J Holdings (TSE:2153)

3.86%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.61%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.46%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

5.41%

★★★★★★

Click here to see the full list of 1944 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Føroya Banki

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

Overview: Føroya Banki, with a market cap of DKK1.55 billion, offers personal and corporate banking services across the Faroe Islands, Denmark, and Greenland through its subsidiaries.

Operations: Føroya Banki generates revenue from several segments, including DKK293.77 million from personal banking, DKK129.13 million from corporate banking, and DKK29.41 million from non-life insurance in the Faroe Islands.

Dividend Yield: 5.1%

Føroya Banki, now Bankivik, offers a mixed dividend profile. Its low payout ratio of 24.4% suggests dividends are well covered by earnings, but the track record is unstable with past volatility and unreliability in payments. Despite a recent increase in net income to DKK 238.08 million for nine months ending September 2024, high bad loans (5.2%) and low allowance for these loans (38%) pose risks to dividend sustainability.

CPSE:FOBANK Dividend History as at Dec 2024
CPSE:FOBANK Dividend History as at Dec 2024

Hyosung ITX

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

Overview: Hyosung ITX Co. Ltd offers business solutions in South Korea and has a market cap of ₩146.71 billion.

Operations: Hyosung ITX Co. Ltd generates revenue from its Data Processing segment, amounting to ₩502.95 million.

Dividend Yield: 6%

Hyosung ITX's dividend is appealing for its high yield of 6.04%, positioning it among the top 25% of dividend payers in the Korean market. Despite a short history of five years, dividends have been stable and growing, supported by a low cash payout ratio of 26.4%. The payout ratio stands at 80.3%, indicating earnings coverage is adequate but not overly conservative. Recent buyback plan extensions may impact future cash flow allocations.