Top Dividend Stocks To Consider In December 2024

As global markets continue to experience gains, with major indices like the Dow Jones Industrial Average and S&P 500 reaching record highs, investors are navigating a complex landscape shaped by geopolitical developments and domestic policy shifts. Amidst this backdrop, dividend stocks remain a compelling option for those seeking steady income streams, especially as economic stability becomes a focal point under new leadership in the U.S. Treasury. In such an environment, selecting dividend stocks that offer consistent payouts and have resilient business models can be particularly advantageous for investors looking to balance growth with income.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.18%	★★★★★★
CAC Holdings (TSE:4725)	4.57%	★★★★★★
Yamato Kogyo (TSE:5444)	3.88%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.20%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.33%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.88%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.85%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.34%	★★★★★★
E J Holdings (TSE:2153)	3.91%	★★★★★★

Click here to see the full list of 1947 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Sydbank (CPSE:SYDB)

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

Overview: Sydbank A/S, along with its subsidiaries, offers a range of banking products and services to corporate, private, retail, and institutional clients both in Denmark and internationally, with a market cap of DKK18.47 billion.

Operations: Sydbank's revenue segments comprise Banking (DKK6.60 billion), Treasury (DKK118 million), Sydbank Markets (DKK373 million), and Asset Management (DKK418 million).

Dividend Yield: 8.6%

Sydbank offers a compelling dividend yield of 8.57%, ranking in the top 25% of Danish dividend payers. Its dividends are sustainably covered by earnings, with a current payout ratio of 50.3% and forecasted to remain similar in three years. However, its dividend history is unstable and volatile over the past decade. Recent financial results show slight declines in net income and earnings per share compared to last year, while share buybacks have been actively pursued, totaling DKK 806 million recently completed under the announced buyback program.

• Unlock comprehensive insights into our analysis of Sydbank stock in this dividend report.
• The analysis detailed in our Sydbank valuation report hints at an deflated share price compared to its estimated value.

Bank of Shanghai (SHSE:601229)

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

Overview: Bank of Shanghai Co., Ltd. offers a range of personal and corporate banking products and services primarily in Mainland China, with a market cap of CN¥119.34 billion.

Operations: Bank of Shanghai Co., Ltd.'s revenue segments include various personal and corporate banking products and services primarily in Mainland China.

Dividend Yield: 6.7%

Bank of Shanghai offers a strong dividend yield of 6.67%, placing it among the top 25% in China. Its dividends are well-covered by earnings, with a current payout ratio of 47.7%, expected to decrease to 31.2% in three years, indicating sustainability. Although dividends have been stable and growing over seven years, they lack a long-term track record. Recent earnings show slight growth in net income despite declining net interest income, highlighting operational resilience amidst market challenges.

• Click here and access our complete dividend analysis report to understand the dynamics of Bank of Shanghai.
• Our expertly prepared valuation report Bank of Shanghai implies its share price may be lower than expected.

Bunka Shutter (TSE:5930)

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

Overview: Bunka Shutter Co., Ltd. manufactures and sells a range of shutters and construction materials in Japan, with a market cap of ¥134.98 billion.

Operations: Bunka Shutter Co., Ltd.'s revenue is primarily derived from its Shutter Business at ¥98.54 billion, Construction-Related Materials Business at ¥88.31 billion, Service Business at ¥30.87 billion, and Refurbishment Business at ¥5.69 billion.

Dividend Yield: 3.4%

Bunka Shutter's dividends are well-supported by earnings and cash flows, with a payout ratio of 48.3% and a cash payout ratio of 31.8%. Despite an unstable dividend history marked by volatility, recent increases to ¥32 per share for Q2 FY2025 signal potential improvement. Trading significantly below estimated fair value suggests good investment potential, though the current yield is modest at 3.37%, below Japan's top-tier dividend payers. Earnings growth has been consistent at 7.5% annually over five years.

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

Taking Advantage

• Investigate our full lineup of 1947 Top Dividend Stocks right here.
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Ready To Venture Into Other Investment Styles?

• 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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