Top Dividend Stocks To Watch In December 2024

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Top Dividend Stocks To Watch In December 2024

As global markets continue to reach record highs, with indices like the Dow Jones Industrial Average and S&P 500 marking significant gains, investors are closely monitoring economic policies and geopolitical developments that could influence future market dynamics. In this environment of robust market performance and fluctuating economic indicators, identifying strong dividend stocks becomes crucial for those seeking stable income streams amidst potential volatility.

Name

Dividend Yield

Dividend Rating

Tsubakimoto Chain (TSE:6371)

4.22%

★★★★★★

Wuliangye YibinLtd (SZSE:000858)

3.17%

★★★★★★

CAC Holdings (TSE:4725)

4.61%

★★★★★★

Yamato Kogyo (TSE:5444)

3.89%

★★★★★★

Guangxi LiuYao Group (SHSE:603368)

3.23%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.62%

★★★★★★

Nihon Parkerizing (TSE:4095)

3.90%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.87%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.38%

★★★★★★

E J Holdings (TSE:2153)

3.90%

★★★★★★

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Let’s explore several standout options from the results in the screener.

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

Overview: Zhongshan Broad-Ocean Motor Co., Ltd. operates in the motor systems business in China and has a market cap of CN¥13.29 billion.

Operations: Zhongshan Broad-Ocean Motor Co., Ltd. generates its revenue primarily through its motor systems business in China.

Dividend Yield: 3.3%

Zhongshan Broad-Ocean Motor’s dividend payments are well-covered by both earnings and cash flows, with a payout ratio of 59.5% and a cash payout ratio of 30.3%. Despite this coverage, the company’s dividend history has been volatile over the past decade, though dividends have increased overall. The recent share buyback program worth up to CNY 200 million may indicate confidence in its financial position. Earnings grew significantly by CNY 138.23 million year-over-year to CNY 670.59 million for the nine months ended September 2024, supporting potential future dividends despite past volatility concerns.

SZSE:002249 Dividend History as at Dec 2024

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

Overview: Yutaka Giken Co., Ltd. manufactures and sells automobile parts across Japan, North America, China, Asia, and other international markets with a market cap of ¥27.43 billion.

Operations: Yutaka Giken Co., Ltd.’s revenue segments are ¥36.30 billion from Asia, ¥65.04 billion from China, ¥43.07 billion from Japan, and ¥71.10 billion from North America.

Story Continues

Dividend Yield: 4.5%

Yutaka Giken Ltd.’s dividend payments are well-supported by earnings and cash flows, with low payout ratios of 11.5% and 15.7%, respectively. Despite a history of volatility over the past decade, dividends have grown overall. The stock trades at a significant discount to its estimated fair value, suggesting potential undervaluation. With earnings increasing by ¥114 million in the past year, the company demonstrates financial strength that could support future dividend stability despite past inconsistencies.

TSE:7229 Dividend History as at Dec 2024

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

Overview: Onoken Co., Ltd. is involved in the ***** and import/export of steel in Japan, with a market cap of ¥36.25 billion.

Operations: Onoken Co., Ltd.’s revenue is primarily derived from its operations in the Kyushu/China region with ¥154.87 billion, followed by the Kansai/Chukyo region at ¥74.93 billion, and the Kanto/Tohoku region contributing ¥53.99 billion.

Dividend Yield: 4.5%

Onoken’s dividend yield of 4.5% is among the top in Japan, yet it’s not well-covered by free cash flows and has shown volatility over the past decade. Despite a low payout ratio of 15.7%, recent dividends decreased from ¥36 to ¥34 per share, highlighting ongoing instability. The company revised its earnings guidance with expected net sales of ¥282.2 billion and operating profit of ¥6.5 billion, indicating potential financial challenges impacting dividend sustainability.

TSE:7414 Dividend History as at Dec 2024

Explore the 1966 names from our

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screener here.

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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.

Companies discussed in this article include SZSE:002249 TSE:7229 and TSE:7414.

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