Stock Analysis

Top Dividend Stocks To Consider For October 2024

Published

As global markets navigate the challenges of rising U.S. Treasury yields and tepid economic growth, investors are increasingly seeking stability in dividend stocks. In this environment, a good dividend stock is characterized by its ability to provide consistent income while potentially offering some resilience against market volatility.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Guaranty Trust Holding (NGSE:GTCO)6.94%★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)5.08%★★★★★★
Globeride (TSE:7990)4.02%★★★★★★
Intelligent Wave (TSE:4847)3.93%★★★★★★
Financial Institutions (NasdaqGS:FISI)4.90%★★★★★★
CAC Holdings (TSE:4725)4.60%★★★★★★
Premier Financial (NasdaqGS:PFC)5.00%★★★★★★
Kwong Lung Enterprise (TPEX:8916)6.35%★★★★★★
Citizens & Northern (NasdaqCM:CZNC)5.87%★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)4.93%★★★★★★

Click here to see the full list of 2013 stocks from our Top Dividend Stocks screener.

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

Nacity Property Service GroupLtd (SHSE:603506)

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

Overview: Nacity Property Service Group Co., Ltd. provides real estate property management services in China and has a market capitalization of CN¥1.63 billion.

Operations: Nacity Property Service Group Co., Ltd. generates its revenue from real estate property management services in China.

Dividend Yield: 3.9%

Nacity Property Service Group Ltd. has a stable dividend track record, with payments covered by both earnings (50.2% payout ratio) and cash flows (51.6% cash payout ratio). Despite only six years of dividend history, the company offers a competitive yield at 3.9%, ranking in the top 25% of CN market payers. However, recent earnings reports show declining net income from CNY 114.52 million to CNY 60.32 million year-over-year, which may impact future dividends stability.

SHSE:603506 Dividend History as at Oct 2024

SBI Global Asset Management (TSE:4765)

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

Overview: SBI Global Asset Management Co., Ltd. offers financial and asset management services both in Japan and internationally, with a market cap of ¥53.98 billion.

Operations: SBI Global Asset Management Co., Ltd. generates its revenue through providing financial and asset management services across domestic and international markets.

Dividend Yield: 3.6%

SBI Global Asset Management has consistently increased dividends over the past decade, with recent payments rising to JPY 8.75 per share. However, its high payout ratio of 119.6% indicates dividends are not covered by earnings, though cash flows provide adequate coverage at a 23.4% cash payout ratio. The current yield of 3.57% is below the top tier in Japan's market and profit margins have declined from last year’s figures, potentially affecting future dividend sustainability.

TSE:4765 Dividend History as at Oct 2024

Globeride (TSE:7990)

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

Overview: Globeride, Inc. manufactures and sells sports and leisure products worldwide, with a market cap of ¥43.20 billion.

Operations: Globeride, Inc.'s revenue segments are comprised of ¥79.69 billion from Japan, ¥15.51 billion from Europe, ¥13.13 billion from the Americas, and ¥48.29 billion from Asia and Oceania.

Dividend Yield: 4%

Globeride offers a stable dividend profile, with payments reliably growing over the past decade. Its dividends are well covered by earnings and cash flows, reflected in payout ratios of 43.3% and 28.9%, respectively. Although profit margins have decreased from last year, the stock's dividend yield of 4.02% ranks among the top quarter in Japan's market. Trading significantly below estimated fair value may present an attractive opportunity for income-focused investors seeking stability and growth potential in dividends.

TSE:7990 Dividend History as at Oct 2024

Make It Happen

Ready To Venture Into Other Investment Styles?

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.

Valuation is complex, but we're here to simplify it.

Discover if Nacity Property Service GroupLtd might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.

Access Free Analysis

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com