With inflation trends shifting, interest rates in focus and bond and energy markets swinging around headlines, many investors are looking for income that feels less fragile. That is where the Dividend Fortresses screener comes in, highlighting stocks that combine a 5%+ dividend yield with an emphasis on resilience. Instead of chasing stories, you focus on steady cash payouts that can help anchor a portfolio when sentiment swings. In this article, you will see how this theme fits the current backdrop and walk through three of the stocks from the Dividend Fortresses list.
Halyk Bank of Kazakhstan (LSE:HSBK)
Overview: Halyk Bank of Kazakhstan is a universal bank headquartered in Almaty that provides corporate, SME, retail and investment banking services across Kazakhstan and parts of Central Asia, offering everything from everyday accounts and cards to mortgages, business loans, trade finance and gold investment products.
Operations: Halyk Bank of Kazakhstan generates most of its KZT 1,807.4b in segment revenue from Corporate Banking at KZT 751.4b, with additional contributions from Investment Banking at KZT 329.7b, SME Banking at KZT 194.1b, Retail Banking at KZT 154.1b and KZT 378.0b recorded as Unallocated, and geographically it is heavily concentrated in Kazakhstan at KZT 3,386.1b.
Market Cap: US$8.8b
Halyk Bank of Kazakhstan stands out in the Dividend Fortresses group as a high return, low P/E bank with a long operating history, a dominant position in Kazakh retail and corporate banking, and a focus on digital platforms like its Super-App and Onlinebank that are seeing strong usage. At the same time, the stock sits against a tougher backdrop of higher bad loans, relatively low provisioning and an uneven dividend record. A fresh board, updated charter and recently approved cash dividends point to active governance and ongoing shareholder returns. For income focused investors willing to weigh regulatory pressure, credit risk and concentration in Kazakhstan against valuation and earnings quality, there is more to this story than the headline yield.
Halyk Bank of Kazakhstan pairs a low P/E with a dominant home market position, but the real story sits in how credit quality, regulation and capital stack up today, and what the Halyk Bank of Kazakhstan financial health report might reveal next
Admiral Group (LSE:ADM)
Overview: Admiral Group is a Cardiff based financial services company that focuses on car and home insurance, as well as personal lending, across the UK, France, Italy and Spain. It offers products such as motor, household, pet and travel insurance, plus unsecured personal loans and car finance under brands including Admiral, ConTe.it and L’olivier.
Operations: Admiral Group generates most of its £5.3b in revenue from UK Insurance at £4.5b, with further contributions from European Insurance at £656.7m, Other at £87.5m, Admiral Money at £25.8m and £17.7m of unallocated investment and interest income.
Market Cap: £11.1b
Admiral Group offers a mix of income and quality that suits a Dividend Fortresses theme, with a 5.62% yield, high reported return on equity and a long record in UK motor and home insurance backed by data and AI driven pricing and claims systems. At the same time, earnings rely heavily on leverage and non cash items, dividends are not clearly covered by free cash flow, and all funding comes from external borrowing rather than customer deposits, which raises risk if the motor pricing cycle or credit markets turn. For investors willing to weigh that trade off, the story around margins, cash generation and how far Admiral can translate its UK model into Europe is a key focus.
Admiral Group’s high yield and return on equity story looks powerful. However, the real tension is how leverage, cash generation and European expansion fit together. Get the full picture in the analysis report for Admiral Group
Foresight Group Holdings (LSE:FSG)
Overview: Foresight Group Holdings is a London based asset manager that runs infrastructure, private equity, venture capital and listed funds, with a particular focus on renewable energy assets, social and digital infrastructure, and smaller growth companies across the UK, Europe and Australia.
Operations: Foresight Group Holdings generates most of its £164.9m revenue from Real Assets at £114.8m and Private Equity at £50.1m, with activity spread primarily across the United Kingdom at £126.4m and Australia at £25.7m.
Market Cap: £528.0m
Foresight Group Holdings combines high quality earnings, a 27.7% net margin and strong ROE with exposure to long term themes such as energy transition and infrastructure. This helps explain why analysts expect revenue and earnings growth to run ahead of the wider UK market. At the same time, the business leans on performance fees, operates mainly in UK and European infrastructure and renewables, and depends on external borrowing rather than customer deposits. These factors can all make earnings more sensitive if fundraising, regulation or markets turn. Recent buybacks and rising earnings suggest management is confident in the company’s trajectory, but the deeper question is how sustainable that growth, fee mix and capital return profile really is for income focused investors.
Foresight Group Holdings sits at the intersection of high quality earnings and long term infrastructure themes, but the real question is how far that story can run. Get the full context in the analyst forecasts for Foresight Group Holdings
The three stocks covered here are just the starting point, with the full Dividend Fortresses filter surfacing 1 more company with an equally compelling income story on the Dividend Fortresses screener. Use Simply Wall St to identify, filter and analyze the specific catalysts, risk profiles and dividend narratives that matter to you, so you can focus on the highest conviction income ideas.
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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.
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