Top Dividend Stocks To Consider In October 2024

As global markets navigate the impact of rising U.S. Treasury yields, with the S&P 500 Index experiencing a downturn after six weeks of gains, investors are increasingly focused on strategies that can provide stability and income in uncertain times. In this environment, dividend stocks are often considered attractive due to their potential for providing steady returns through regular payouts, offering a buffer against market volatility while contributing to long-term portfolio growth.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.30%	★★★★★★
Globeride (TSE:7990)	4.26%	★★★★★★
Intelligent Wave (TSE:4847)	3.97%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.14%	★★★★★★
Innotech (TSE:9880)	4.73%	★★★★★★
CAC Holdings (TSE:4725)	4.60%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.56%	★★★★★★
E J Holdings (TSE:2153)	3.82%	★★★★★★
GakkyushaLtd (TSE:9769)	4.61%	★★★★★★

Click here to see the full list of 2030 stocks from our Top Dividend Stocks screener.

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

Colruyt Group (ENXTBR:COLR)

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

Overview: Colruyt Group N.V., with a market cap of €5.32 billion, operates in retail, wholesale, food service, and other activities across Belgium, France, and internationally through its subsidiaries.

Operations: Colruyt Group's revenue is primarily derived from its retail segment at €9.65 billion and its wholesale and food service segment at €1.41 billion, with additional income from other activities amounting to €165.20 million.

Dividend Yield: 3.2%

Colruyt Group's dividend yield of 3.23% is lower than the top 25% of Belgian dividend payers, and its dividend history has been unreliable over the past decade due to volatility. However, dividends are well-covered by both earnings and cash flow, with payout ratios at 16.2% and 15.9%, respectively. Despite a recent significant earnings growth of €410 million, future earnings are expected to decline sharply by an average of 37.5% annually over the next three years.

• Click here to discover the nuances of Colruyt Group with our detailed analytical dividend report.
• Our comprehensive valuation report raises the possibility that Colruyt Group is priced higher than what may be justified by its financials.

One Software Technologies (TASE:ONE)

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

Overview: One Software Technologies Ltd offers software, hardware, and integration services with a market cap of ₪3.94 billion.

Operations: One Software Technologies Ltd generates revenue from Infrastructure and Computing Solutions (₪1.23 billion), Outsourcing of Business Processes and Technological Support Centers (₪321.95 million), and Software Solutions and Services, Consulting, Management, and Value-Added Services (₪2.32 billion).

Dividend Yield: 3%

One Software Technologies has seen dividend growth over the past decade, but its payments have been volatile and unreliable. The dividend yield of 3.03% is below the top tier in the IL market. Despite this, dividends are well-covered by earnings (65.9% payout ratio) and cash flow (33.5% cash payout ratio). Recent financial results show improved performance, with second-quarter sales reaching ILS 968.58 million and net income at ILS 53.04 million.

• Dive into the specifics of One Software Technologies here with our thorough dividend report.
• The analysis detailed in our One Software Technologies valuation report hints at an deflated share price compared to its estimated value.

Murakami (TSE:7292)

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

Overview: Murakami Corporation manufactures and sells rear-view mirrors in Japan, with a market cap of ¥57.41 billion.

Operations: Murakami Corporation's revenue segments are ¥34.13 billion from Asia, ¥52.45 billion from Japan, and ¥22.96 billion from North America.

Dividend Yield: 3.6%

Murakami's dividend payments are well-supported by a low payout ratio of 32.4% and a cash payout ratio of 24.9%, indicating sustainability from both earnings and cash flows. The dividends have been stable and growing over the past decade, though the yield of 3.63% is slightly below Japan's top tier. Earnings growth at 5.3% annually over five years supports future payouts, while recent inclusion in the S&P Global BMI Index may enhance investor interest.

• Take a closer look at Murakami's potential here in our dividend report.
• Our valuation report here indicates Murakami may be overvalued.

Next Steps

• Take a closer look at our Top Dividend Stocks list of 2030 companies by clicking here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
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Want To Explore Some Alternatives?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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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