National Aluminium And 2 Other Top Dividend Stocks To Enhance Your Portfolio

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As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are closely watching sector performances, with financials and energy gaining from deregulation hopes while healthcare faces challenges. Amid these fluctuations, dividend stocks like National Aluminium can offer stability and income potential for portfolios, providing a reliable stream of returns even in volatile market conditions.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Peoples Bancorp (NasdaqGS:PEBO)

4.60%

★★★★★★

Allianz (XTRA:ALV)

4.84%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.79%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.55%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.82%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.49%

★★★★★★

James Latham (AIM:LTHM)

5.99%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.65%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.51%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.93%

★★★★★★

Click here to see the full list of 1970 stocks from our Top Dividend Stocks screener.

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

National Aluminium

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

Overview: National Aluminium Company Limited manufactures and sells alumina and aluminum products both in India and internationally, with a market cap of ₹441.36 billion.

Operations: National Aluminium Company Limited generates revenue primarily from its Chemical segment at ₹55.57 billion and its Aluminium segment at ₹100.37 billion.

Dividend Yield: 3.2%

National Aluminium recently declared an interim dividend of INR 4 per share, reflecting a robust financial performance with net income significantly rising to INR 10.46 billion. The company's dividend yield is among the top 25% in the Indian market, supported by a payout ratio of 47.4%, indicating dividends are well-covered by earnings and cash flows. However, its dividend history has been volatile over the past decade, raising concerns about sustainability despite current growth prospects.

NSEI:NATIONALUM Dividend History as at Nov 2024
NSEI:NATIONALUM Dividend History as at Nov 2024

SuzukiLtd

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

Overview: Suzuki Co., Ltd. manufactures and sells connectors for car electronics parts in Japan, with a market cap of ¥26.05 billion.

Operations: Suzuki Co., Ltd. generates its revenue primarily from the manufacturing and sale of connectors for automotive electronic components in Japan.

Dividend Yield: 4.3%

Suzuki Ltd. offers a compelling dividend profile, trading at 60.6% below its estimated fair value and providing a high yield of 4.31%, placing it in the top 25% of Japanese dividend payers. With stable dividends over the past decade, payouts are well-supported by earnings (payout ratio: 26.4%) and cash flows (cash payout ratio: 40.2%). Recent inclusion in the S&P Global BMI Index may enhance investor interest further supporting its appeal as a dividend stock.