Top Global Automobiles Dividend Stocks

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

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

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

View all Risks and Rewards

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%).

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

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.

View all Risks and Rewards

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

See Full Stock Report

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.

View all Risks and Rewards

Unipres Corporation engages in manufacture and sale of automotive parts in Japan.

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

See Full Stock Report

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

View all Risks and Rewards

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

See Full Stock Report

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.

View all Risks and Rewards

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%).

See Full Stock Report

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

View all Risks and Rewards
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