Top Dividend Stocks To Watch In September 2024

As global markets navigate mixed trading and economic data, investors are increasingly focused on inflation trends and consumer resilience. With the Federal Reserve's preferred inflation gauge showing subdued price increases, value stocks have notably outperformed growth shares. In this environment, dividend stocks can offer a reliable income stream and potential for capital appreciation. Here are three top dividend stocks to watch in September 2024.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	3.99%	★★★★★★
Globeride (TSE:7990)	4.19%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.02%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.95%	★★★★★★
Mitsubishi Research Institute (TSE:3636)	3.78%	★★★★★★
CAC Holdings (TSE:4725)	4.51%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.34%	★★★★★★
James Latham (AIM:LTHM)	5.97%	★★★★★★
GakkyushaLtd (TSE:9769)	4.32%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.71%	★★★★★★

Click here to see the full list of 2044 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Banco Macro (BASE:BMA)

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

Overview: Banco Macro S.A. offers a range of banking products and services to retail and corporate clients in Argentina, with a market cap of ARS4.79 trillion.

Operations: Banco Macro S.A. generates ARS4.01 billion in revenue from its banking business segment, catering to both retail and corporate customers in Argentina.

Dividend Yield: 8%

Banco Macro's dividend payments have been volatile over the past decade, though they have increased overall. Despite a recent net loss of ARS 233.71 billion in Q2 2024, dividends remain well-covered by earnings with a payout ratio of 48.7%, forecasted to improve to 35.6% in three years. The stock's price-to-earnings ratio is favorable at 9.2x compared to the Argentine market average of 19.9x, and its dividend yield is among the highest in the market at nearly 8%.

• Get an in-depth perspective on Banco Macro's performance by reading our dividend report here.
• Our valuation report here indicates Banco Macro may be overvalued.

Multipolar Technology (IDX:MLPT)

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

Overview: PT Multipolar Technology Tbk, with a market cap of IDR3.19 trillion, provides IT services and solutions in Indonesia.

Operations: PT Multipolar Technology Tbk generates revenue primarily from its Consultation, Integration, and Information Technology Management segment, amounting to IDR3.36 billion.

Dividend Yield: 6.3%

PT Multipolar Technology Tbk's dividend yield of 6.29% ranks in the top 25% of the Indonesian market. However, its dividends are not well-covered by free cash flows, with a high cash payout ratio of 170.2%. Despite consistent earnings growth and a favorable price-to-earnings ratio (8.2x), dividends have been volatile over the past decade. Recent earnings showed significant improvement, with net income rising to IDR 239.66 billion for H1 2024 from IDR 77.13 billion a year ago.

• Click here and access our complete dividend analysis report to understand the dynamics of Multipolar Technology.
• In light of our recent valuation report, it seems possible that Multipolar Technology is trading beyond its estimated value.

LBX Pharmacy Chain (SHSE:603883)

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

Overview: LBX Pharmacy Chain Joint Stock Company operates a pharmacy store chain in China and has a market cap of approximately CN¥9.31 billion.

Operations: LBX Pharmacy Chain Joint Stock Company generates revenue primarily from its pharmacy store chain operations in China.

Dividend Yield: 3.8%

LBX Pharmacy Chain's dividend yield of 3.77% is among the top 25% in the CN market. Dividends are well-covered by earnings (payout ratio: 40.2%) and free cash flows (cash payout ratio: 22.2%). Despite a growing dividend over the past eight years, payments have been volatile and less reliable. Recent news includes a special cash dividend of CNY0.16 per share, with first-half 2024 results expected on August 30, 2024.

• Dive into the specifics of LBX Pharmacy Chain here with our thorough dividend report.
• In light of our recent valuation report, it seems possible that LBX Pharmacy Chain is trading behind its estimated value.

Turning Ideas Into Actions

• Embark on your investment journey to our 2044 Top Dividend Stocks selection here.
• Have you diversified into these companies? Leverage the power of Simply Wall St's portfolio to keep a close eye on market movements affecting your investments.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

Interested In Other Possibilities?

• 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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