October 2024's Top Dividend Stocks To Consider

As global markets navigate the complexities of rising U.S. Treasury yields and tepid economic growth, investors are increasingly looking towards dividend stocks as a potential source of stability and income. In such an environment, a good dividend stock is characterized by its ability to maintain consistent payouts and demonstrate resilience amidst fluctuating market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Yamato Kogyo (TSE:5444)	4.30%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.17%	★★★★★★
Globeride (TSE:7990)	4.26%	★★★★★★
Intelligent Wave (TSE:4847)	3.97%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.14%	★★★★★★
KurimotoLtd (TSE:5602)	5.48%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.84%	★★★★★★
Innotech (TSE:9880)	4.73%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.56%	★★★★★★
E J Holdings (TSE:2153)	3.82%	★★★★★★

Click here to see the full list of 2029 stocks from our Top Dividend Stocks screener.

Here's a peek at a few of the choices from the screener.

Runner (Xiamen) (SHSE:603408)

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

Overview: Runner (Xiamen) Corp. is involved in the R&D, design, production, and sale of kitchen and bathroom products as well as water purification products both in China and internationally, with a market cap of approximately CN¥5.72 billion.

Operations: Runner (Xiamen) Corp.'s revenue is primarily derived from its kitchen and bathroom products and water purification products segments.

Dividend Yield: 3.4%

Runner (Xiamen) Corp. has demonstrated strong earnings growth, with net income rising to CNY 396.6 million for the nine months ended September 2024, reflecting a robust increase from the previous year. The company offers a dividend yield of 3.4%, placing it in the top quartile of CN market dividend payers. However, its four-year dividend history is marked by volatility and recent declines in payments, despite being well-covered by both earnings and cash flows with payout ratios of 36.7% and 44%, respectively.

• Click here to discover the nuances of Runner (Xiamen) with our detailed analytical dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Runner (Xiamen) shares in the market.

Mizrahi Tefahot Bank (TASE:MZTF)

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

Overview: Mizrahi Tefahot Bank Ltd., along with its subsidiaries, offers a variety of international, commercial, domestic, and personal banking services to individuals and businesses in Israel, Switzerland, and beyond; it has a market cap of ₪40.31 billion.

Operations: Mizrahi Tefahot Bank Ltd. generates revenue through its diverse banking services provided to both individuals and businesses across Israel, Switzerland, and international markets.

Dividend Yield: 3.2%

Mizrahi Tefahot Bank's dividend payments have grown over the past decade, yet they remain volatile with a history of significant annual drops. The bank's current dividend yield is 3.17%, lower than the top tier in Israel, and its payout ratio of 30% indicates dividends are well covered by earnings. Despite trading below estimated fair value and recent earnings growth, its dividend track record suggests instability for income-focused investors.

• Take a closer look at Mizrahi Tefahot Bank's potential here in our dividend report.
• In light of our recent valuation report, it seems possible that Mizrahi Tefahot Bank is trading behind its estimated value.

Zeon (TSE:4205)

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

Overview: Zeon Corporation operates in the elastomers and specialty materials sectors with a market cap of ¥294.07 billion.

Operations: Zeon Corporation generates revenue from its elastomers and specialty materials businesses.

Dividend Yield: 3.3%

Zeon's dividend payments, though growing over the past decade, have been volatile and unreliable. The payout ratio of 16% suggests dividends are well covered by earnings, while a cash payout ratio of 85.7% indicates coverage by cash flows. Despite earnings growth and trading at a good value with a price-to-earnings ratio of 8.9x, the dividend yield of 3.33% remains below Japan's top tier. Recent buyback plans may influence future capital allocation strategies.

• Get an in-depth perspective on Zeon's performance by reading our dividend report here.
• Our expertly prepared valuation report Zeon implies its share price may be lower than expected.

Make It Happen

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Looking For Alternative Opportunities?

• 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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