Daily Flux Report

Discover Azimut Holding And Two More Leading Dividend Stocks


Discover Azimut Holding And Two More Leading Dividend Stocks

As global markets navigate a landscape of interest rate cuts and economic adjustments, investors are keenly observing the performance of major indices, with the Nasdaq hitting record highs despite broader declines. In this environment, dividend stocks like Azimut Holding offer potential stability and income, making them an attractive option for those looking to weather market volatility.

Click here to see the full list of 1935 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

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

Overview: Azimut Holding S.p.A. operates in the asset management sector with a market capitalization of €3.55 billion.

Operations: Azimut Holding S.p.A. generates its revenue primarily from the asset management segment, amounting to €1.44 billion.

Dividend Yield: 4%

Azimut Holding's dividend payments are well-covered by both earnings and cash flows, with payout ratios of 26.6% and 29.1%, respectively. Despite this coverage, the dividends have been volatile over the past decade, experiencing drops exceeding 20%. While the dividend yield of 3.99% is below Italy's top quartile, dividends have grown over ten years. Recent earnings showed improvement in nine-month net income to €437.66 million from €340.57 million year-on-year.

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

Overview: Evergent Investments SA is a publicly owned investment manager with a market cap of RON1.35 billion.

Operations: Evergent Investments SA generates its revenue primarily from Financial Investment Services (RON304.43 million), with additional contributions from the Manufacture of Agricultural Machinery and Equipment (RON25.18 million), Cultivation of Fruit-Bearing Trees (Blueberries) (RON7.63 million), and Real Estate Development (Apartments) (RON0.31 million).

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