Top 3 Dividend Stocks For Steady Income
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In a week marked by solid gains across major U.S. indices and promising economic indicators, investors are increasingly optimistic about the potential for a "soft landing" in the economy. With inflation showing signs of easing and consumer spending remaining robust, now is an opportune time to consider dividend stocks as a reliable source of steady income. In this favorable market environment, selecting dividend stocks with strong fundamentals can offer both stability and growth potential. Here are three top dividend stocks that stand out for their consistent performance and attractive yields.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Allianz (XTRA:ALV) | 5.07% | ★★★★★★ |
| Globeride (TSE:7990) | 4.13% | ★★★★★★ |
| Guaranty Trust Holding (NGSE:GTCO) | 7.03% | ★★★★★★ |
| Premier Financial (NasdaqGS:PFC) | 5.19% | ★★★★★★ |
| CAC Holdings (TSE:4725) | 4.49% | ★★★★★★ |
| Innotech (TSE:9880) | 4.64% | ★★★★★★ |
| James Latham (AIM:LTHM) | 5.85% | ★★★★★★ |
| Banque Cantonale Vaudoise (SWX:BCVN) | 4.70% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.37% | ★★★★★★ |
| E J Holdings (TSE:2153) | 3.87% | ★★★★★★ |
Click here to see the full list of 2098 stocks from our Top Dividend Stocks screener.
Below we spotlight a couple of our favorites from our exclusive screener.
United Capital
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: United Capital Plc, with a market cap of NGN328.50 billion, operates in Nigeria offering investment banking, portfolio management, securities trading, and trusteeship services through its subsidiaries.
Operations: United Capital Plc generates revenue of NGN23.88 billion from its brokerage services in Nigeria.
Dividend Yield: 3.3%
United Capital's dividend payments are well-covered by earnings (payout ratio: 74.7%) and cash flows (cash payout ratio: 5.2%), but they have been volatile over the past decade, with occasional drops exceeding 20%. Despite this instability, dividends have increased overall in the last ten years. The company recently reported strong H1 2024 financials with revenue at NGN 15.15 billion and net income at NGN 7.74 billion, reflecting significant growth from the previous year.
Kiatnakin Phatra Bank
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Kiatnakin Phatra Bank Public Company Limited, along with its subsidiaries, offers a range of banking products and services to commercial and public customers in Thailand and has a market cap of THB38.10 billion.
Operations: Kiatnakin Phatra Bank Public Company Limited generates revenue from various segments, including commercial banking services at THB12.50 billion, retail banking services at THB8.75 billion, and investment banking services at THB5.60 billion.