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d'Amico International Shipping Leads Three Prime Dividend Stocks

As global markets exhibit mixed signals with the S&P 500 reaching all-time highs and technology stocks showing modest gains, investors are navigating through a landscape marked by cautious optimism and shifting economic indicators. In this context, dividend stocks like d'Amico International Shipping offer a compelling consideration for those looking to potentially enhance portfolio stability amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Ping An Bank (SZSE:000001)

7.10%

★★★★★★

Allianz (XTRA:ALV)

5.33%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

3.47%

★★★★★★

Globeride (TSE:7990)

3.66%

★★★★★★

Huntington Bancshares (NasdaqGS:HBAN)

4.88%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

5.90%

★★★★★★

KurimotoLtd (TSE:5602)

5.04%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.45%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.69%

★★★★★★

GakkyushaLtd (TSE:9769)

4.05%

★★★★★★

Click here to see the full list of 1975 stocks from our Top Dividend Stocks screener.

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Let's uncover some gems from our specialized screener.

d'Amico International Shipping

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

Overview: d'Amico International Shipping S.A. operates globally as a marine transportation company, with a market capitalization of approximately €858.82 million.

Operations: d'Amico International Shipping S.A. generates its revenue primarily from the product tankers segment, which brought in $530.88 million.

Dividend Yield: 6.5%

d'Amico International Shipping has demonstrated a mixed performance as a dividend stock. Despite its high yield of 6.54%, ranking in the top 25% of Italian dividend payers, the company's dividend history is marked by volatility and unreliability over the past decade. However, both earnings and cash flow adequately cover its dividends, with payout ratios standing at 26.3% and 26.2% respectively, suggesting sustainability from a financial perspective. Recent activities include a €40.3 million follow-on equity offering and stable quarterly earnings growth, indicating some level of financial activity and corporate development.

BIT:DIS Dividend History as at Jun 2024
BIT:DIS Dividend History as at Jun 2024

Vivant

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

Overview: Vivant Corporation operates in the Philippines, focusing on generating, distributing, and retailing electric power through its subsidiaries, with a market capitalization of approximately ₱16.38 billion.

Operations: Vivant Corporation's revenue is primarily derived from generating, distributing, and retailing electric power in the Philippines.

Dividend Yield: 3.5%

Vivant Corporation exhibits a complex profile for dividend investors. Its dividends, while growing over the past decade and reliably distributed, are not well-supported by free cash flows or earnings, with recent financials indicating dividend payments exceeding cash flows. The company's Price-To-Earnings ratio stands at 8.5x, below the Philippine market average of 9.2x, suggesting some value potential despite its challenges in sustaining dividends from operational cash flow alone. Recent board changes could influence future financial strategies and dividend policies.

PSE:VVT Dividend History as at Jun 2024
PSE:VVT Dividend History as at Jun 2024

Univacco Technology

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

Overview: Univacco Technology Inc., operating under the UNIVACCO brand, engages in the stamping foil industry both in Taiwan and internationally, with a market capitalization of approximately NT$4.54 billion.

Operations: Univacco Technology Inc. generates revenue primarily from its Vacuum-Evaporated Thin Films and Optoelectronic Materials segment, totaling approximately NT$2.55 billion.

Dividend Yield: 3.6%

Univacco Technology's dividend history shows inconsistency, with significant fluctuations over the past decade, despite a recent increase in dividends. The company's dividend yield at 3.63% is below the top quartile in its market. Financially, Univacco is trading at 57% below estimated fair value, and its dividends are well-covered by both earnings and cash flows, with payout ratios of 61.5% and 45.5%, respectively. Recent corporate actions include a share buyback program and a decrease in annual dividend payout announced on May 23, indicating potential shifts in capital allocation strategies.

TPEX:3303 Dividend History as at Jun 2024
TPEX:3303 Dividend History as at Jun 2024

Taking Advantage

Want To Explore Some Alternatives?

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 BIT:DIS PSE:VVT and TPEX:3303.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com