Top Global Automobiles Dividend Stocks

Top Global Automobiles Dividend Stocks

UPDATED Jun 27, 2022

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.

19 companies meet this criteria in the Global market

TS TECH Co., Ltd. develops, manufactures, and sells seats for automobiles.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • High Dividend: 7313's dividend (4.39%) is in the top 25% of dividend payers in the JP market (3.71%)

  • Notable Dividend

  • Future Dividend Coverage

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Rewards

  • Trading at 54.8% below our estimate of its fair value

  • Earnings are forecast to grow 26.36% per year

Risks

  • Profit margins (3.5%) are lower than last year (6%)

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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

  • High Dividend: LUMAXTECH's dividend (2.06%) is in the top 25% of dividend payers in the Indian market (1.89%)

  • Notable Dividend

  • Stable Dividend

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Rewards

  • Price-To-Earnings ratio (16.7x) is below the Indian market (19.9x)

  • Earnings are forecast to grow 24.71% per year

  • Earnings grew by 47.3% over the past year

Risks

No risks detected for LUMAXTECH from our risks checks.

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Gentex Corporation designs, develops, manufactures, markets, and supplies digital vision, connected car, dimmable glass, and fire protection products in the United States, Germany, Japan, Mexico, and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: GNTX's dividend (1.66%) is low compared to the top 25% of dividend payers in the US market (4.23%).

See Full Stock Report

Rewards

  • Trading at 42.3% below our estimate of its fair value

  • Earnings are forecast to grow 14.24% per year

Risks

  • Significant insider selling over the past 3 months

View all Risks and Rewards

Ford Otomotiv Sanayi A.S. manufactures, assembles, imports, exports, and sells motor vehicles and spare parts in Turkey.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • High Dividend: FROTO's dividend (4.35%) is in the top 25% of dividend payers in the TR market (3.57%)

  • Notable Dividend

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (10.7x) is below the TR market (10.9x)

  • Earnings are forecast to grow 21.99% per year

  • Earnings grew by 81.7% over the past year

Risks

  • Has a high level of debt

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Aisan Industry Co., Ltd. manufactures and sells automotive parts in Japan and internationally.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • High Dividend: 7283's dividend (4.14%) is in the top 25% of dividend payers in the JP market (3.71%)

  • Notable Dividend

  • Future Dividend Coverage

  • Stable Dividend

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (6.7x) is below the JP market (12.4x)

  • Earnings are forecast to grow 12.86% per year

  • Earnings grew by 93.8% over the past year

Risks

No risks detected for 7283 from our risks checks.

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Apollo Tyres Limited manufactures and sells automotive tires, tubes, and flaps in the Asia Pacific, the Middle East, Africa, Europe, and internationally.

Dividend Criteria

  • Stable Dividend

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: APOLLOTYRE's dividend (1.73%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).

See Full Stock Report

Rewards

  • Price-To-Earnings ratio (18.7x) is below the Indian market (19.9x)

  • Earnings are forecast to grow 25.8% per year

  • Earnings grew by 82.3% over the past year

Risks

No risks detected for APOLLOTYRE from our risks checks.

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Minda Corporation Limited manufactures and sells automobile components and parts.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Future Dividend Coverage

  • Notable Dividend

  • High Dividend: MINDACORP's dividend (0.52%) is low compared to the top 25% of dividend payers in the Indian market (1.89%).

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 18.8% below our estimate of its fair value

  • Earnings are forecast to grow 21.82% per year

  • Earnings grew by 105.2% over the past year

Risks

No risks detected for MINDACORP from our risks checks.

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Topre Corporation manufactures and sells components and products for automobiles, temperature-controlled logistics, air-conditioning systems, and electronic equipment in Japan, the United States, China, Mexico, and Thailand.

Dividend Criteria

  • Earnings Coverage

  • Growing Dividend

  • Notable Dividend

  • High Dividend: 5975's dividend (1.96%) is low compared to the top 25% of dividend payers in the JP market (3.71%).

  • Future Dividend Coverage

  • Stable Dividend

See Full Stock Report

Rewards

  • Trading at 63.7% below our estimate of its fair value

  • Earnings are forecast to grow 9.52% per year

Risks

No risks detected for 5975 from our risks checks.

View all Risks and Rewards
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