3 reliable dividend stocks that yield up to 7.7%.

As the U.S. stock market navigates a challenging period marked by lower tech stocks and swings in precious metals prices, investors are increasingly looking for stability amid volatility. In such an environment, dividend stocks can provide a reliable income stream, offering both growth potential and regular returns that can help buffer against market downturns.

Click here to see the full list of 107 stocks in our Top US Dividend Stocks filter tool.

Let’s look at some notable picks from our vetted stocks.

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

Overview: Central Securities Corp. is an investment manager with $1.50 billion in public capital.

Operations: Central Securities Corp. generates $27.06 million in Financial Services – Closed-End Funds revenue.

Dividend yield: 5.2%

Central Securities recently declared a distribution of $2.45 per share, payable in stock or cash, highlighting its attractive dividend yield of 5.15%, which ranks in the top 25% of US payers. However, this yield is not well supported by free cash flows due to a high cash payout ratio of 194.8%, and past dividends have been volatile with uncertain growth over the past decade despite being covered by earnings through a low payout ratio of 31.1%.

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

Overview: Ardmore Shipping Corporation specializes in the global shipping of petroleum products and chemicals, with a market cap of about $486.74 million.

Operations: Ardmore Shipping Corporation generates its revenue mainly from the transportation of refined petroleum products and chemical products, amounting to USD 309.33 million.

Dividend yield: 7.7%

Ardmore Shipping’s recent dividend declaration of $0.10 per share reflects a yield in the top 25% of US payers, but is not supported by free cash flow despite a low payout ratio of 38.5%. The company’s dividends have been volatile over the past decade, with inconsistent growth and unreliable payouts. Recent earnings reports show a decline in sales and net income, raising concerns about sustainability, despite an attractive price-to-earnings ratio of 15.7x compared to the market average.

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

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

Operations: Chevron Corporation’s revenue segments include $45.33 billion from International Upstream, $45.80 billion from United States, $72.32 billion from International Downstream, and $74.38 billion from United States Downstream operations.

Dividend yield: 4%

Chevron’s dividend, recently stated 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 flows support the dividend with a cash payout ratio of 89.3%. Despite trading below estimated fair value and consistent dividend growth, its 4.03% yield lags the top US 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 provide commentary based on historical data and analyst forecasts using an unbiased methodology, and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. We aim to provide you with focused long-term analysis based on fundamental data. Note that our analysis may not take into account the latest price-sensitive company announcements or quality materials. 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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