Top 3 Dividend Stocks Yielding Up To 9.6% For Your Portfolio

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As global markets grapple with economic slowdown concerns and heightened volatility, investors are increasingly seeking stable income sources to weather the uncertainty. Dividend stocks, known for their consistent payouts, can provide a reliable stream of income and potential capital appreciation even in turbulent times.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Ping An Bank (SZSE:000001)

7.26%

★★★★★★

China South Publishing & Media Group (SHSE:601098)

4.06%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

4.01%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

7.05%

★★★★★★

Innotech (TSE:9880)

4.81%

★★★★★★

CAC Holdings (TSE:4725)

4.64%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.57%

★★★★★★

James Latham (AIM:LTHM)

6.03%

★★★★★★

GakkyushaLtd (TSE:9769)

4.33%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.86%

★★★★★★

Click here to see the full list of 2102 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

AP (Thailand)

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

Overview: AP (Thailand) Public Company Limited, with a market cap of THB29.26 billion, operates in the real estate development sector in Thailand through its subsidiaries.

Operations: AP (Thailand) Public Company Limited generates revenue primarily from its Low-Rise Segment (THB32.09 billion) and High-Rise Segment (THB3.78 billion).

Dividend Yield: 7.5%

AP (Thailand) has shown volatile dividend payments over the past decade, with a current yield of 7.53%, placing it in the top 25% of Thai market dividend payers. However, recent earnings reports indicate declining net income and revenue year-over-year, raising concerns about sustainability. The company's dividends are not well-covered by free cash flows despite a low payout ratio of 41.5%. Recent fixed-income offerings totaling THB 3 billion may impact future financial stability and dividend reliability.

SET:AP Dividend History as at Sep 2024
SET:AP Dividend History as at Sep 2024

Khonburi Sugar

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

Overview: Khonburi Sugar Public Company Limited manufactures and distributes sugar in Thailand, Asia, Europe, and internationally with a market cap of THB3.42 billion.

Operations: Khonburi Sugar Public Company Limited generates revenue from various segments including Utilities (THB1.89 billion), Sugar Cane (THB10.89 billion), and Sugar and Molasses Trading (THB1.22 billion).

Dividend Yield: 9.6%

Khonburi Sugar's dividend yield of 9.65% is among the top 25% in the Thai market, but its sustainability is questionable due to a high cash payout ratio of 109.4%. Recent earnings show significant growth, with net income for Q2 at THB 338.75 million compared to THB 62.35 million a year ago. The company announced a share buyback program worth THB 60 million to improve ROE and EPS, indicating strong liquidity management despite volatile dividend payments over the past decade.