Dividend Stocks To Consider In December 2024

As global markets navigate a landscape marked by central banks adjusting interest rates and mixed performances across major indices, investors are increasingly focused on strategies that can provide stability and income. In this environment, dividend stocks stand out as a potential option for those seeking reliable returns amidst economic uncertainties.

Top 10 Dividend Stocks

Click here to see the full list of 1831 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Fujian Funeng (SHSE:600483)

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

Overview: Fujian Funeng Co., Ltd. operates in the power generation sector in China with a market capitalization of approximately CN¥27.10 billion.

Operations: Fujian Funeng Co., Ltd.'s revenue is primarily derived from its power generation activities in China.

Dividend Yield: 3.1%

Fujian Funeng's dividend payout is well-covered by earnings and cash flows, with a payout ratio of 28.7% and a cash payout ratio of 36.2%. Despite its volatile dividend history, the company offers a top-tier yield at 3.1%, above the CN market average. Its price-to-earnings ratio of 9.8x suggests it trades at good value compared to peers. However, high debt levels and past shareholder dilution are potential concerns for investors focusing on dividends.

• Click here to discover the nuances of Fujian Funeng with our detailed analytical dividend report.
• Our valuation report unveils the possibility Fujian Funeng's shares may be trading at a discount.

HUAYU Automotive Systems (SHSE:600741)

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

Overview: HUAYU Automotive Systems Company Limited is engaged in the research, development, manufacture, and sale of automotive parts globally, with a market cap of CN¥54.26 billion.

Operations: HUAYU Automotive Systems generates revenue through its global operations in the research, development, manufacturing, and sales of automotive parts.

Dividend Yield: 4.2%

HUAYU Automotive Systems offers a strong dividend yield of 4.24%, ranking in the top 25% of CN market payers, supported by a stable and growing dividend history over the past decade. With a payout ratio of 34% and cash payout at 44.1%, dividends are well-covered by earnings and cash flows. The stock trades at significant value, below its estimated fair value, despite recent declines in revenue and net income for the nine months ending September 2024.

• Click to explore a detailed breakdown of our findings in HUAYU Automotive Systems' dividend report.
• Our valuation report here indicates HUAYU Automotive Systems may be undervalued.

Hard Off CorporationLtd (TSE:2674)

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

Overview: Hard Off Corporation Ltd operates reuse shops in Japan and has a market cap of ¥250 billion.

Operations: Hard Off Corporation Ltd generates revenue through its network of reuse shops across Japan.

Dividend Yield: 4.1%

Hard Off Corporation Ltd. offers a dividend yield of 4.11%, placing it in the top 25% of JP market payers, with dividends increasing over the past decade. However, its dividend history is unreliable and volatile, with high cash payout ratios (127.4%) indicating unsustainability from free cash flows despite being covered by earnings (44.8%). Recently added to the S&P Global BMI Index, it trades slightly below estimated fair value but faces challenges in maintaining stable payouts.

• Unlock comprehensive insights into our analysis of Hard Off CorporationLtd stock in this dividend report.
• Upon reviewing our latest valuation report, Hard Off CorporationLtd's share price might be too pessimistic.

Seize The Opportunity

• Click here to access our complete index of 1831 Top Dividend Stocks.
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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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