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Top Global Automobiles Dividend Stocks
UPDATED Nov 30, 2023
What are the best Global Automobiles Dividend Stocks?
According to our Simply Wall St analysis these are the best Global Automobiles dividend companies. We look for companies with high quality dividends and healthy balance sheets to find the top Dividend Stocks.
Our criteria to find Top Dividend Companies
High Yield
- Companies with a high dividend yield are more attractive due to the higher expected income for each dollar invested.
- Yields vary between markets, so we focus on the top dividend payers in each market.
What do we look for?
- Is the yield in the top 25% of the market's dividend payers.
Consistent Dividends
- Companies with a strong track record of paying a consistent and growing dividend are the most attractive.
- If the dividend has been cut substantially in the past, then it's difficult to be confident about future payments.
What do we look for?
- Has the dividend been stable over the last 10 years.
- Has the dividend grown over the last 10 years.
Dividend Cover
- Ideally the company doesn't pay out all of its earnings, neglecting future growth.
- If a company is unable to afford its dividend, then it will probably lead to a dividend cut and share price erosion.
What do we look for?
- Are dividends covered by earnings.
- Are dividends forecast to be covered by earnings in the future.
Healthy Balance Sheet
- Investors want to make sure the company is positioned to cover its debts. Repayments on debt typically take priority over shareholder return initiatives.
What do we look for?
- Does the company have a manageable level of debt.
- Is the company able to cover its interest repayments.
21 companies meet this criteria in the Global market
Samvardhana Motherson International Limited engages in the manufacture and sale of components for automotive original equipment manufacturers in India and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: 517334's dividend (0.71%) is low compared to the top 25% of dividend payers in the Indian market (1.27%).
Stable Dividend
Rewards
Earnings are forecast to grow 34.69% per year
Earnings grew by 216.8% over the past year
Risks
Has a high level of debt
Bulten AB (publ), together with its subsidiaries, designs, develops, manufactures, and distributes fasteners and related services and solutions for light vehicles, heavy commercial vehicles, automotive, and other industries in Sweden, Poland, Germany, the United Kingdom, rest of Europe, the United States, China, and internationally.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: BULTEN's dividend (3.94%) is low compared to the top 25% of dividend payers in the Swedish market (5.19%).
Stable Dividend
Rewards
Price-To-Earnings ratio (9.2x) is below the Swedish market (20x)
Earnings are forecast to grow 28.47% per year
Earnings grew by 806.3% over the past year
Risks
Has a high level of debt
Martinrea International Inc. designs, develops, manufactures, and sells metal parts, assemblies and modules, fluid management systems, and aluminum products primarily to the automotive industry in North America, Europe, and internationally.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: MRE's dividend (1.67%) is low compared to the top 25% of dividend payers in the Canadian market (6.68%).
Rewards
Trading at 68.5% below our estimate of its fair value
Earnings are forecast to grow 22.76% per year
Earnings grew by 157.3% over the past year
Risks
Has a high level of debt
Lumax Auto Technologies Limited, together with its subsidiaries, manufactures and sells in automotive components in India.
Dividend Criteria
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: LUMAXTECH's dividend (1.16%) is low compared to the top 25% of dividend payers in the Indian market (1.27%).
Stable Dividend
Rewards
Price-To-Earnings ratio (29x) is below the Auto Components industry average (30.3x)
Earnings are forecast to grow 35.01% per year
Risks
No risks detected for LUMAXTECH from our risks checks.
DaikyoNishikawa Corporation develops, manufactures, and sells automotive, and housing and synthetic plastic parts in Japan.
Dividend Criteria
Earnings Coverage
High Dividend: 4246's dividend (3.9%) is in the top 25% of dividend payers in the JP market (3.4%)
Notable Dividend
Future Dividend Coverage
Growing Dividend
Stable Dividend
Rewards
Trading at 72.7% below our estimate of its fair value
Earnings are forecast to grow 21.55% per year
Became profitable this year
Risks
No risks detected for 4246 from our risks checks.
Dividend Criteria
Earnings Coverage
Growing Dividend
Notable Dividend
High Dividend: 5949's dividend (3.03%) is low compared to the top 25% of dividend payers in the JP market (3.4%).
Future Dividend Coverage
Stable Dividend
Rewards
Trading at 71.3% below our estimate of its fair value
Earnings are forecast to grow 24.16% per year
Became profitable this year
Risks
Volatile share price over the past 3 months
AIMA Technology Group CO., LTD engages in the research and development, production, and sale of electric bicycles, mopeds, and motorcycles in China and internationally.
Dividend Criteria
Earnings Coverage
Future Dividend Coverage
High Dividend: 603529's dividend (2.42%) is in the top 25% of dividend payers in the CN market (2.03%)
Notable Dividend
Growing Dividend
Stable Dividend
Rewards
Price-To-Earnings ratio (12x) is below the CN market (35.9x)
Earnings are forecast to grow 17.37% per year
Earnings grew by 40.4% over the past year
Risks
No risks detected for 603529 from our risks checks.
Magna International Inc. designs, engineers, and manufactures components, assemblies, systems, subsystems, and modules for original equipment manufacturers of vehicles and light trucks worldwide.
Dividend Criteria
Stable Dividend
Earnings Coverage
Growing Dividend
Future Dividend Coverage
Notable Dividend
High Dividend: MG's dividend (3.41%) is low compared to the top 25% of dividend payers in the Canadian market (6.68%).
Rewards
Trading at 52.9% below our estimate of its fair value
Earnings are forecast to grow 22.71% per year
Risks
Large one-off items impacting financial results