Three Dividend Stocks To Consider In December 2024

As global markets continue to reach record highs, with indices like the S&P 500 and Dow Jones Industrial Average posting significant gains, investors are closely monitoring economic indicators and geopolitical developments that could influence future performance. In this environment of rising stock prices and mixed economic signals, dividend stocks present a compelling option for those seeking income stability amid market fluctuations.

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 1946 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Chongqing Brewery (SHSE:600132)

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

Overview: Chongqing Brewery Co., Ltd. is a Chinese company that produces and sells beers and non-alcoholic beverages, with a market cap of CN¥30.30 billion.

Operations: Chongqing Brewery Co., Ltd. generates revenue primarily from its beer segment, amounting to CN¥14.85 billion.

Dividend Yield: 4.5%

Chongqing Brewery's dividend yield of 4.47% ranks in the top 25% of CN market payers, yet its sustainability is questionable due to a high payout ratio of 102.5%, indicating dividends are not well covered by earnings. Although dividends have grown over the past decade, they remain volatile with annual drops exceeding 20%. The company trades at a significant discount to its estimated fair value, but recent earnings show marginal growth in sales and net income stability.

• Unlock comprehensive insights into our analysis of Chongqing Brewery stock in this dividend report.
• Our valuation report here indicates Chongqing Brewery may be undervalued.

Anhui HeliLtd (SHSE:600761)

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

Overview: Anhui Heli Co., Ltd. manufactures and sells industrial vehicles both in China and internationally, with a market cap of CN¥15.49 billion.

Operations: The company's revenue primarily comes from its Forklifts and Accessories segment, totaling CN¥17.75 billion.

Dividend Yield: 3.5%

Anhui Heli Ltd.'s dividend yield of 3.45% is among the top 25% in the CN market, but it is not supported by free cash flows, raising sustainability concerns despite a low payout ratio of 34%. Earnings have grown by 15.5% over the past year and are projected to continue rising. However, dividends have been volatile over the last decade. The stock trades at a favorable price-to-earnings ratio compared to its peers and industry average.

• Take a closer look at Anhui HeliLtd's potential here in our dividend report.
• The analysis detailed in our Anhui HeliLtd valuation report hints at an deflated share price compared to its estimated value.

HBIS Resources (SZSE:000923)

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

Overview: HBIS Resources Co., Ltd. operates in the mining, processing, selling, and servicing of mineral products across Asia, Africa, Europe, and the Americas with a market cap of CN¥9.88 billion.

Operations: HBIS Resources Co., Ltd. generates revenue through its activities in the mining, processing, selling, and servicing of mineral products across various continents.

Dividend Yield: 4%

HBIS Resources' dividend yield of 3.97% places it in the top 25% of CN market payers, with dividends covered by earnings (payout ratio: 47.6%) and cash flows (cash payout ratio: 89.2%). Despite this, the dividend track record is unstable and has been volatile over the past decade. The stock trades at a favorable price-to-earnings ratio of 12x compared to the CN market average of 36.9x, suggesting good relative value for investors seeking dividends.

• Click here and access our complete dividend analysis report to understand the dynamics of HBIS Resources.
• Our valuation report unveils the possibility HBIS Resources' shares may be trading at a discount.

Next Steps

• Get an in-depth perspective on all 1946 Top Dividend Stocks by using our screener here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Elevate your portfolio with Simply Wall St, the ultimate app for investors seeking global market coverage.

Ready For A Different Approach?

• 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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