3 Reliable Dividend Stocks With At Least 3.1% Yield

Dividend Yield: 3.9%

Nippon Ceramic’s dividend yield of 3.91% ranks in the top 25% of Japanese market payers and is well-supported by a payout ratio of 66% and a cash payout ratio of 36.5%. Despite past volatility, dividends have grown over the last decade. Recent buyback activities, including repurchasing shares worth ¥999.77 million, could signal confidence in financial health but don’t necessarily ensure future dividend stability given historical unreliability.

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

Overview: Star Micronics Co., Ltd. manufactures and sells CNC automatic lathes and other products across Japan, Asia, the United States, and Europe, with a market cap of ¥60.59 billion.

Operations: Star Micronics Co., Ltd.’s revenue is primarily derived from its Machine Tool Business, including the Precision Part Business, which accounts for ¥52.51 billion, and the Power Products Business, contributing ¥12.97 billion.

Dividend Yield: 3.2%

Star Micronics offers a stable dividend yield of 3.18%, though below the top 25% in Japan, with robust coverage from both earnings (79.8% payout ratio) and cash flows (20.4% cash payout). Dividends have been reliable and growing over the past decade. However, recent guidance revisions indicate reduced net sales and profits for FY2024, potentially impacting future payouts despite current stability. The stock trades significantly below estimated fair value, suggesting potential undervaluation amidst these challenges.

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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 TPEX:8942 TSE:6929 and TSE:7718.

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