December 2024's Top Dividend Stocks To Consider

As global markets navigate a landscape marked by record highs in major U.S. indexes and mixed performance across sectors, investors are closely watching economic indicators and central bank policies for cues on future trends. Amidst these dynamics, dividend stocks continue to attract attention for their potential to provide steady income streams, making them an appealing consideration in today's market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.95%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.58%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.28%	★★★★★★
CAC Holdings (TSE:4725)	4.66%	★★★★★★
Yamato Kogyo (TSE:5444)	4.00%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.27%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.91%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.77%	★★★★★★
E J Holdings (TSE:2153)	3.89%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.47%	★★★★★★

Click here to see the full list of 1926 stocks from our Top Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Rexel (ENXTPA:RXL)

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

Overview: Rexel S.A. is a company that, along with its subsidiaries, distributes low and ultra-low voltage electrical products and services across residential, commercial, and industrial markets in France, Europe, North America, and Asia-Pacific with a market cap of €7.55 billion.

Operations: Rexel S.A.'s revenue is primarily derived from its Wholesale - Electronics segment, which accounts for €19.02 billion.

Dividend Yield: 4.7%

Rexel's dividend sustainability is supported by a payout ratio of 51.6% and a cash payout ratio of 39.9%, indicating dividends are well-covered by earnings and cash flows. Despite trading at good value, its dividend yield of 4.74% is lower than the top quartile in France, and past payments have been volatile and unreliable over the last decade. Recent events include Rexel rejecting an €8.53 billion acquisition offer from QXO, Inc., citing an inadequate price.

• Click here and access our complete dividend analysis report to understand the dynamics of Rexel.
• Our valuation report here indicates Rexel may be undervalued.

Bank of Communications (SEHK:3328)

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

Overview: Bank of Communications Co., Ltd. offers commercial banking products and services in China and has a market capitalization of approximately HK$513.33 billion.

Operations: Bank of Communications Co., Ltd. generates revenue through its diverse range of commercial banking products and services in China.

Dividend Yield: 6.5%

Bank of Communications offers a reliable dividend with a payout ratio of 48.5%, indicating strong coverage by earnings. The dividend yield of 6.53% is lower than the top quartile in Hong Kong, but payments have been stable and growing over the past decade. Trading significantly below estimated fair value enhances its appeal as a value investment. Recent board changes include Mr. Xiao Wei's appointment as an independent director, potentially influencing governance positively.

• Get an in-depth perspective on Bank of Communications' performance by reading our dividend report here.
• The valuation report we've compiled suggests that Bank of Communications' current price could be quite moderate.

Tze Shin International (TWSE:2611)

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

Overview: Tze Shin International Co., Ltd. primarily provides transportation services in Taiwan and has a market cap of NT$4.20 billion.

Operations: Tze Shin International Co., Ltd.'s revenue is primarily derived from its Transportation Division, which generated NT$341.79 million, complemented by the Hotel Sector contributing NT$317.80 million.

Dividend Yield: 9.8%

Tze Shin International's dividend yield of 9.83% ranks in the top 25% in Taiwan, yet its sustainability is questionable due to lack of free cash flow coverage. Despite a payout ratio of 78.1%, dividends have been unreliable and volatile over the past decade. Recent earnings show increased nine-month sales at TWD 502.78 million, with net income rising to TWD 346.91 million, although quarterly net income declined significantly year-over-year.

• Navigate through the intricacies of Tze Shin International with our comprehensive dividend report here.
• The analysis detailed in our Tze Shin International valuation report hints at an deflated share price compared to its estimated value.

Make It Happen

• Take a closer look at our Top Dividend Stocks list of 1926 companies by clicking here.
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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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