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

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

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.

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.

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.

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

Overview: TMBThanachart Bank Public Company Limited, with a market cap of THB196.54 billion, offers a range of commercial banking products and services to individuals, SMEs, and corporate customers primarily in Thailand.

Operations: TMBThanachart Bank Public Company Limited generates revenue from retail banking (THB45.94 billion) and commercial banking (THB20.08 billion).

Dividend Yield: 5.2%

TMBThanachart Bank’s recent earnings report shows net income growth to THB 5.36 billion for Q2 2024, up from THB 4.57 billion a year ago. Despite a low dividend yield of 5.2%, the bank maintains a sustainable payout ratio at 26.3%. However, its dividend history has been volatile with frequent annual drops over the past decade. Earnings growth and coverage forecasts remain positive, but concerns about high non-performing loans (3%) persist.

Key Takeaways

• Take a closer look at our Top Dividend Stocks list of 2102 companies by clicking here.

• Have you diversified into these companies? Leverage the power of Simply Wall St’s portfolio to keep a close eye on market movements affecting your investments.

• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

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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 SET:AP SET:KBS and SET:TTB.

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