Top Dividend Stocks To Watch In December 2024

As global markets continue to reach record highs, with indices like the Dow Jones Industrial Average and S&P 500 marking significant gains, investors are closely monitoring economic policies and geopolitical developments that could influence future market dynamics. In this environment of robust market performance and fluctuating economic indicators, identifying strong dividend stocks becomes crucial for those seeking stable income streams amidst potential volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.22%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.17%	★★★★★★
CAC Holdings (TSE:4725)	4.61%	★★★★★★
Yamato Kogyo (TSE:5444)	3.89%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.62%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.90%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.87%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.38%	★★★★★★
E J Holdings (TSE:2153)	3.90%	★★★★★★

Click here to see the full list of 1966 stocks from our Top Dividend Stocks screener.

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

Zhongshan Broad-Ocean Motor (SZSE:002249)

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

Overview: Zhongshan Broad-Ocean Motor Co., Ltd. operates in the motor systems business in China and has a market cap of CN¥13.29 billion.

Operations: Zhongshan Broad-Ocean Motor Co., Ltd. generates its revenue primarily through its motor systems business in China.

Dividend Yield: 3.3%

Zhongshan Broad-Ocean Motor's dividend payments are well-covered by both earnings and cash flows, with a payout ratio of 59.5% and a cash payout ratio of 30.3%. Despite this coverage, the company's dividend history has been volatile over the past decade, though dividends have increased overall. The recent share buyback program worth up to CNY 200 million may indicate confidence in its financial position. Earnings grew significantly by CNY 138.23 million year-over-year to CNY 670.59 million for the nine months ended September 2024, supporting potential future dividends despite past volatility concerns.

• Delve into the full analysis dividend report here for a deeper understanding of Zhongshan Broad-Ocean Motor.
• Insights from our recent valuation report point to the potential undervaluation of Zhongshan Broad-Ocean Motor shares in the market.

Yutaka GikenLtd (TSE:7229)

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

Overview: Yutaka Giken Co., Ltd. manufactures and sells automobile parts across Japan, North America, China, Asia, and other international markets with a market cap of ¥27.43 billion.

Operations: Yutaka Giken Co., Ltd.'s revenue segments are ¥36.30 billion from Asia, ¥65.04 billion from China, ¥43.07 billion from Japan, and ¥71.10 billion from North America.

Dividend Yield: 4.5%

Yutaka Giken Ltd.'s dividend payments are well-supported by earnings and cash flows, with low payout ratios of 11.5% and 15.7%, respectively. Despite a history of volatility over the past decade, dividends have grown overall. The stock trades at a significant discount to its estimated fair value, suggesting potential undervaluation. With earnings increasing by ¥114 million in the past year, the company demonstrates financial strength that could support future dividend stability despite past inconsistencies.

• Dive into the specifics of Yutaka GikenLtd here with our thorough dividend report.
• Upon reviewing our latest valuation report, Yutaka GikenLtd's share price might be too pessimistic.

Onoken (TSE:7414)

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

Overview: Onoken Co., Ltd. is involved in the sale and import/export of steel in Japan, with a market cap of ¥36.25 billion.

Operations: Onoken Co., Ltd.'s revenue is primarily derived from its operations in the Kyushu/China region with ¥154.87 billion, followed by the Kansai/Chukyo region at ¥74.93 billion, and the Kanto/Tohoku region contributing ¥53.99 billion.

Dividend Yield: 4.5%

Onoken's dividend yield of 4.5% is among the top in Japan, yet it's not well-covered by free cash flows and has shown volatility over the past decade. Despite a low payout ratio of 15.7%, recent dividends decreased from ¥36 to ¥34 per share, highlighting ongoing instability. The company revised its earnings guidance with expected net sales of ¥282.2 billion and operating profit of ¥6.5 billion, indicating potential financial challenges impacting dividend sustainability.

• Click here to discover the nuances of Onoken with our detailed analytical dividend report.
• The analysis detailed in our Onoken valuation report hints at an deflated share price compared to its estimated value.

Taking Advantage

• Explore the 1966 names from our Top Dividend Stocks screener here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Discover a world of investment opportunities with Simply Wall St's free app and access unparalleled stock analysis across all markets.

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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