As global markets experience mixed signals with U.S. stocks reaching new highs amid the onset of earnings season and inflation concerns persisting, investors are increasingly turning their attention to reliable income-generating options like dividend stocks. In this context, a good dividend stock is often characterized by its ability to provide consistent payouts and demonstrate resilience in varying economic conditions, making it an attractive choice for those seeking stability in their portfolios.

Top 10 Dividend Stocks

Click here to see the full list of 2058 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Bawan

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

Overview: Bawan Company manufactures and sells metal and steel works in the Kingdom of Saudi Arabia, with a market cap of SAR2.46 billion.

Operations: Bawan Company's revenue is derived from its segments in Metal and Wood (SAR2.25 billion), Electrical (SAR603.12 million), and Plastic (SAR352.20 million).

Dividend Yield: 3.3%

Bawan's recent earnings report shows a decline in sales and net income, with SAR 632.57 million in sales for Q2 2024 compared to SAR 768.08 million the previous year. Despite this, its dividend payments are covered by earnings and cash flows, with payout ratios of 69.1% and 84.1%, respectively. However, the dividend yield is below top-tier levels in the SA market at 3.32%, and dividends have been historically volatile yet growing over the past decade.

• Click to explore a detailed breakdown of our findings in Bawan's dividend report.

• Insights from our recent valuation report point to the potential overvaluation of Bawan shares in the market.

Best Pacific International Holdings

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

Overview: Best Pacific International Holdings Limited, with a market cap of HK$2.71 billion, operates in the manufacturing, trading, and sales of elastic fabric, elastic webbing, and lace through its subsidiaries.

Operations: Best Pacific International Holdings Limited generates revenue primarily from the manufacturing and trading of elastic webbing, which accounts for HK$915.53 million, and elastic fabric and lace, contributing HK$3.76 billion.

Dividend Yield: 9.8%

Best Pacific International Holdings reported a significant increase in earnings for the first half of 2024, with net income rising to HK$277.36 million. The company declared an interim dividend of HK$0.1333 per share, reflecting its strong earnings and cash flow coverage with payout ratios of 52.9% and 45.3%, respectively. Despite these strengths, the company's dividend history has been volatile over the past decade, though recent growth positions it among top dividend payers in Hong Kong.

• Dive into the specifics of Best Pacific International Holdings here with our thorough dividend report.

• The analysis detailed in our Best Pacific International Holdings valuation report hints at an deflated share price compared to its estimated value.

Acter Group

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

Overview: Acter Group Corporation Limited offers engineering services across Taiwan, Mainland China, and other Asian countries with a market cap of NT$41.32 billion.

Operations: Acter Group Corporation Limited generates its revenue from engineering services with NT$11.26 billion from Taiwan, NT$12.86 billion from Mainland China, and NT$2.61 billion from other Asian countries.

Dividend Yield: 3.2%

Acter Group's recent earnings report shows solid growth with net income rising to TWD 1.24 billion for the first half of 2024, supporting its dividend payments. Despite a low payout ratio of 35.5% and cash payout ratio of 38.8%, indicating strong coverage by earnings and cash flow, the dividend yield remains below market leaders at 3.15%. However, Acter's dividends have been historically volatile over the past decade, impacting reliability for investors seeking stable income streams.

• Unlock comprehensive insights into our analysis of Acter Group stock in this dividend report.

• The analysis detailed in our Acter Group valuation report hints at an inflated share price compared to its estimated value.

Taking Advantage

• Navigate through the entire inventory of 2058 Top Dividend Stocks here.

• Have a stake in these businesses? Integrate your holdings into Simply Wall St's portfolio for notifications and detailed stock reports.

• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

Ready For A Different Approach?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.

• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.

• Find companies with promising cash flow potential yet trading below their fair value.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include SASE:1302 SEHK:2111 and TPEX:5536.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email [email protected]