3 Reliable Dividend Stocks Offering Up To 7.7% Yield

As U.S. stocks go through a challenging period with falling technology stocks and volatile precious metal prices, investors are increasingly looking for stability amid the volatility. In this environment, dividend stocks can provide a reliable source of income, offering growth potential and regular returns that may help cushion market downturns.

Click here to see the full list of 107 stocks in our Top U.S. Dividend Stocks Screener.

Let’s review some noteworthy picks among the stocks we screened.

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Central Securities Corp. is a publicly traded investment management company with a market capitalization of $1.5 billion.

operations: Central Securities Corp.’s Financial Services – Closed-End Funds segment had revenue of $27.06 million.

Dividend Yield: 5.2%

Central Securities recently announced a payout of $2.45 per share, payable in stock or cash, highlighting its attractive 5.15% dividend yield, which ranks it in the top 25% of U.S. payers. However, this yield isn’t well supported by free cash flow due to a high cash payout ratio of 194.8%, and despite gains through a low payout ratio of 31.1%, the dividend has been volatile over the past decade and growth has been unreliable.

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Ardmore Shipping Company specializes in the global maritime transportation of petroleum products and chemicals and has a market capitalization of approximately $486.74 million.

operations: Ardmore Shipping’s revenue, primarily from the transportation of refined petroleum products and chemicals, amounted to $309.33 million.

Dividend Yield: 7.7%

Ardmore Shipping’s recently announced dividend of $0.10 per share reflects a yield among the top 25% of U.S. payers, but despite a payout ratio of 38.5%, it’s not backed by free cash flow. The company’s dividends have been volatile over the past decade, with inconsistent growth and unreliable payments. Recent earnings reports show declining sales and net profit despite a price-to-earnings ratio of 15.7 times the market average, raising concerns about sustainability.

Simple Wall Street Dividend Rating: ★★★★☆☆

Overview: Chevron Corporation, through its subsidiaries, operates in the integrated energy and chemicals sectors in the United States and internationally and has a market capitalization of approximately $340.39 billion.

operations: Chevron’s revenue segments include $45.33 billion from international upstream operations, $45.8 billion from U.S. upstream operations, $72.32 billion from international downstream operations and $74.38 billion from U.S. downstream operations.

Dividend Yield: 4%

Chevron’s dividend, recently established at $1.71 per share, has been stable and reliable over the past decade, but is not well covered by earnings due to a high payout ratio of 95%. Cash flow does support the dividend, with a cash payout ratio of 89.3%. Despite trading below estimated fair value and continuing to grow its dividend, its 4.03% yield still lags behind the top U.S. payers. Recent board changes include the appointment of Thomas W. Horton as an independent director and member of the Audit Committee.

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This article from Simply Wall St is general in nature. We only use unbiased methodologies to provide commentary based on historical data and analyst forecasts, and our articles are not intended to provide financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or your financial situation. Our goal is to provide you with long-term focused analysis driven by fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any of the stocks mentioned.

Companies discussed in this article include CET ASC and CVX.

This article was originally published by Simply Wall St.

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