Nova Technology And 2 Other Reliable Dividend Stocks To Enhance Your Portfolio

As global markets experience broad-based gains and U.S. indexes approach record highs, investors are navigating a landscape marked by geopolitical tensions and economic policy shifts. In such an environment, dividend stocks like Nova Technology offer a stable income stream and potential for growth, making them attractive options for enhancing portfolio resilience amidst market fluctuations.

Click here to see the full list of 1943 stocks from our Top Dividend Stocks screener.

Let’s explore several standout options from the results in the screener.

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

Overview: Nova Technology Corporation offers services to semiconductor, photonics, solar energy, biotech, pharmaceutical, and chemical industrial manufacturers in Taiwan, China, and internationally with a market cap of NT$14.61 billion.

Operations: Nova Technology Corporation’s revenue segments are NT$6.22 billion from China and NT$3.73 billion from Taiwan.

Dividend Yield: 5.1%

Nova Technology’s recent earnings report shows strong growth, with net income rising to TWD 452.98 million for Q3 2024. Despite this, the company declared a reduced dividend of TWD 3.00 per share for the first half of 2024, reflecting its unstable dividend track record over eight years. The payout ratio remains reasonable at 62.2%, ensuring dividends are covered by earnings and cash flows, but volatility in payments suggests caution for dividend-focused investors.

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

Overview: Solidwizard Technology Co., Ltd. offers software, hardware, and consulting service solutions in Taiwan and China with a market cap of NT$4.40 billion.

Operations: Solidwizard Technology Co., Ltd. generates revenue through its software, hardware, and consulting service solutions in the regions of Taiwan and China.

Dividend Yield: 5.1%

Solidwizard Technology’s recent earnings report highlights a stable dividend profile, with net income rising to TWD 51 million in Q3 2024. The company maintains a high and reliable dividend yield of 5.13%, supported by a payout ratio of 75.8% and cash flow coverage at 88.8%. Over the past decade, dividends have grown consistently without volatility, placing Solidwizard among the top tier of dividend payers in the Taiwan market.

Story Continues

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

Overview: NAK Sealing Technologies Corporation manufactures and sells oil seals and technical sealing products in Taiwan and internationally, with a market cap of NT$9.69 billion.

Operations: NAK Sealing Technologies Corporation generates its revenue primarily from the manufacturing and sale of oil seals and technical sealing products both domestically in Taiwan and internationally.

Dividend Yield: 6%

NAK Sealing Technologies’ recent earnings report shows a decline in sales and net income for Q3 2024, impacting its ability to sustain dividends. Despite trading below estimated fair value, the dividend yield of 6.01% is attractive but comes with volatility concerns over the past decade. The payout ratio of 80.6% indicates dividends are covered by earnings, while a cash payout ratio of 75.7% suggests coverage by cash flows; however, historical instability raises reliability issues for investors seeking consistent returns.

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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:6613 TPEX:8416 and TWSE:9942.

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