Dividend Stocks To Consider In December 2024

As global markets continue to experience a wave of optimism with major indices like the Dow Jones and S&P 500 reaching record highs, investors are carefully navigating geopolitical tensions and domestic policy changes that shape market sentiment. In this dynamic environment, dividend stocks can offer stability and income potential, making them an attractive consideration for those looking to balance growth with steady returns amidst fluctuating economic conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.99%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.56%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.28%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.33%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.94%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.47%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.47%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.92%	★★★★★★

Click here to see the full list of 1963 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Jerónimo Martins SGPS (ENXTLS:JMT)

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

Overview: Jerónimo Martins SGPS operates in the food distribution and specialized retail sectors across Portugal, Poland, and Colombia, with a market cap of €11.59 billion.

Operations: Jerónimo Martins SGPS generates revenue from its operations primarily in Poland Retail (€23.15 billion) and Colombia Retail (€2.81 billion).

Dividend Yield: 3.6%

Jerónimo Martins' recent earnings report shows increased sales but decreased net income, impacting its dividend profile. The company's dividend payout ratio of 64.5% indicates dividends are covered by earnings, though the 87.6% cash payout ratio suggests tighter cash flow coverage. Despite a history of volatile and unreliable dividends, payouts have grown over the past decade. However, with a yield lower than top-tier Portuguese dividend payers and an unstable track record, caution is warranted for dividend-focused investors.

• Unlock comprehensive insights into our analysis of Jerónimo Martins SGPS stock in this dividend report.
• Our valuation report unveils the possibility Jerónimo Martins SGPS' shares may be trading at a premium.

Xtep International Holdings (SEHK:1368)

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

Overview: Xtep International Holdings Limited is a company that designs, develops, manufactures, and markets sports footwear, apparel, and accessories for adults and children in China with a market cap of HK$13.53 billion.

Operations: Xtep International Holdings Limited generates its revenue from three main segments: Athleisure (CN¥1.68 billion), Mass Market (CN¥12.31 billion), and Professional Sports (CN¥1.04 billion).

Dividend Yield: 4.1%

Xtep International Holdings' dividend payments are well-covered by earnings and cash flows, with a payout ratio of 48.8% and a cash payout ratio of 34.4%. Despite this coverage, the dividends have been volatile over the past decade, reflecting an unstable track record. Although Xtep's dividend yield is lower than the top tier in Hong Kong, recent business expansions like its new store in Malaysia could enhance future growth prospects without directly impacting current dividend stability.

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

Japan Lifeline (TSE:7575)

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

Overview: Japan Lifeline Co., Ltd. is a medical device company that focuses on the development, production, importation, distribution, and trade of cardiovascular-related medical devices in Japan with a market cap of ¥92.46 billion.

Operations: The revenue segment for Japan Lifeline Co., Ltd. is primarily from the Manufacture and Sale of Medical Devices, amounting to ¥54.24 billion.

Dividend Yield: 3.5%

Japan Lifeline's dividends are well-covered by earnings and cash flows, with payout ratios of 39% and 57.3%, respectively. The company has consistently increased its dividend over the past decade, recently raising guidance to ¥46 per share for the year ending March 2025. Despite a lower yield compared to top-tier Japanese stocks, strategic agreements like the Terumo partnership could support future revenue growth without compromising dividend stability.

• Click to explore a detailed breakdown of our findings in Japan Lifeline's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Japan Lifeline shares in the market.

Key Takeaways

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1960 more companies for you to explore.Click here to unveil our expertly curated list of 1963 Top Dividend Stocks.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
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Seeking Other Investments?

• 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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