Nova Technology And 2 More Reliable Parts To Expand Your Portfolio

As global markets make big gains and US indexes reach record highs, investors are moving into an environment characterized by political instability and political change. In such an environment, distribution stocks like Nova Technologies offer stable cash flow and growth potential, making them attractive options for enhancing portfolio resilience amid market volatility.

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

Let’s examine several options that stand out from the screener results.

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

In a nutshell Nova Technology Corporation provides services to the semiconductor, photonics, solar energy, biotech, pharmaceutical, and chemical manufacturing industries in Taiwan, China, and around the world with a market cap of 14.61 billion.

Operations: Shares of Nova Technology Corporation NT$6.22 billion from China and NT$3.73 billion from Taiwan.

Profit Sharing: 5.1%

Nova Technology’s latest report shows strong growth, with revenue rising to TWD 452.98 million for Q3 2024. Despite this, the company announced a reduced dividend of TWD 3.00 per share for the first half of 2024, showing its volatility for the quarter over eight. years. The payout ratio remains stable at 62.2%, ensuring that dividends are covered by income and cash flow, but volatility in payouts is a warning to dividend investors.

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

In a nutshell Solidwizard Technology Co., Ltd. provides software, hardware, and consulting services solutions in Taiwan and China with a sales market of NT$4.40 billion.

Operations: Solidwizard Technology Co., Ltd. earns revenue through its software, hardware, and consulting services in Taiwan and China.

Profit Sharing: 5.1%

Solidwizard Technology’s recent report shows the stability of the sector, with revenue rising to TWD 51 million in Q3 2024. The company maintains a high and reliable yield of 5.13%, supported by a payout ratio of 75.8% and a cash flow coverage of 88.8. %. Over the past 10 years, the shares have increased exponentially, placing Solidwizard among the top dividend payers in the Taiwan market.

The Story Continues

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

In a nutshell NAK Sealing Technologies Corporation manufactures and sells oil seals and technical sealing products in Taiwan and around the world, with a sales market of NT$9.69 billion.

Operations: NAK Sealing Technologies Corporation derives its income from manufacturing and selling oil seals and professional sealing products within Taiwan and abroad.

Profit Sharing: 6%

NAK Sealing Technologies’ latest earnings report shows a decline in sales and net income for Q3 2024, affecting its ability to sustain earnings. Despite trading below fair value, the dividend yield of 6.01% is attractive but comes with volatility concerns over the past 10 years. The payout ratio of 80.6% shows that the shares are covered by income, while the payout ratio of 75.7% shows that it is covered by cash flow; however, historical volatility raises credibility issues for investors seeking consistent returns.

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This Simply Wall St article is casual in nature. We provide commentary based on historical data and analysts’ estimates only using an unbiased approach and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and it does not take into account your goals, or your financial situation. We aim to bring you long-term focused research driven by valuable data. Note that our analysis may not result in price-sensitive or quality-sensitive company advertisements. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include TPEX:6613 TPEX:8416 and TWSE:9942.

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