3 Solid Dividend Stocks Offering Up To 5.1% Yield – MASHAHER

As global markets exhibit mixed reactions to recent economic data, investors continue to seek stable returns amidst fluctuating conditions. Dividend stocks, known for their potential to provide steady income, may offer a compelling option for those looking to balance risk and reward in this dynamic environment.

Top 10 Dividend Stocks

Click here to see the full list of 1987 stocks from our Top Dividend Stocks screener.

Let’s take a closer look at a couple of our picks from the screened companies.

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

Overview: PT Elnusa Tbk operates in the oil and gas services sector in Indonesia, with a market capitalization of approximately IDR 3.69 trillion.

Operations: PT Elnusa Tbk generates its revenue primarily from three segments: Integrated Upstream Oil and Gas Services at IDR 4.48 billion, Energy Distribution and Logistics Services at IDR 6.93 billion, and Oil and Gas Support Services at IDR 1.69 billion.

Dividend Yield: 5.1%

PT Elnusa Tbk demonstrated a robust first quarter in 2024, with net income rising to IDR 183.19 billion from IDR 114.91 billion year-over-year, supported by a slight decrease in sales to IDR 3.11 billion. The company’s dividend sustainability is underscored by a payout ratio of 35.2% and a cash payout ratio of 25%, indicating dividends are well-covered by both earnings and cash flows. However, despite the growth in dividends over the past decade, their reliability has been questioned due to historical volatility in payments. Elnusa’s recent dividend was announced at IDR 27.57 per share with an ex-dividend date set for May-28-2024.

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

Overview: Teo Seng Capital Berhad is an investment holding company that operates in the poultry farming sector across Malaysia, Singapore, and other international markets, with a market capitalization of approximately MYR 589.32 million.

Operations: Teo Seng Capital Berhad generates revenue primarily through its poultry farming segment, which contributed MYR 666.76 million, and its trading activities, which added another MYR 204.00 million.

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Dividend Yield: 4.3%

Teo Seng Capital Berhad’s recent dividend increase to MYR 0.025 per share aligns with its historical pattern of rising payouts over the last decade, despite a volatile dividend history. The company’s dividends are well-supported by earnings and cash flows, with a payout ratio of 14.7% and a cash payout ratio of 18.7%. However, while earnings surged by 357.8% in the past year, they are projected to decline annually by 28.3% over the next three years, which could challenge future dividend sustainability despite current affordability and recent performance improvements shown in Q1 2024 results with net income reaching MYR 34.01 million from MYR 19.68 million year-over-year.

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

Overview: Yungshin Construction & Development Ltd, operating under the ticker TPEX:5508, is a company engaged in construction and development with a market capitalization of NT$57.62 billion.

Operations: Yungshin Construction & Development Ltd generates revenue primarily through its residential and commercial home building activities, totaling NT$10.54 billion.

Dividend Yield: 4.3%

Yungshin Construction & Development Ltd. maintains a dividend yield of 4.26%, ranking in the top 25% within the Taiwanese market, supported by a sustainable payout ratio of 69.4% from earnings and a cash payout ratio of 42.8%. Despite this, dividends have shown instability over the past decade with significant fluctuations in annual payments. Recent corporate actions include significant land acquisitions and adjustments to their executive board, potentially impacting future operations and financial stability.

Make It Happen

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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 IDX:ELSA KLSE:TEOSENG and TPEX:5508.

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