Top Dividend Stocks To Consider In December 2024

As global markets navigate a period of mixed performance, with major indices experiencing declines and the Nasdaq Composite reaching new heights, investors are keenly watching central bank actions and economic indicators for guidance. Amidst these dynamics, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration in uncertain times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.25%	★★★★★★
CAC Holdings (TSE:4725)	4.81%	★★★★★★
Yamato Kogyo (TSE:5444)	4.11%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.24%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.44%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.87%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.83%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.59%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.28%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★

Click here to see the full list of 1973 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Robinsons Retail Holdings (PSE:RRHI)

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

Overview: Robinsons Retail Holdings, Inc. is a multi-format retail company operating in the Philippines with a market capitalization of ₱50.16 billion.

Operations: Robinsons Retail Holdings, Inc. generates revenue from various segments, including Department Store at ₱16.31 billion, Specialty Stores at ₱14.71 billion, Drug Store Division at ₱35.56 billion, and Do It Yourself (DIY) at ₱11.84 billion.

Dividend Yield: 5.4%

Robinsons Retail Holdings offers a stable dividend profile with payments growing over the past decade and minimal volatility. Despite a lower yield of 5.45% compared to top Philippine dividend payers, its dividends are well-covered by earnings and cash flows, boasting payout ratios of 31.2% and 28.7%, respectively. Recent financial results show significant profit growth, though future earnings are expected to decline on average by 12% annually over the next three years.

• Delve into the full analysis dividend report here for a deeper understanding of Robinsons Retail Holdings.
• Our comprehensive valuation report raises the possibility that Robinsons Retail Holdings is priced lower than what may be justified by its financials.

Shin Nippon Air Technologies (TSE:1952)

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

Overview: Shin Nippon Air Technologies Co., Ltd. operates in engineering systems for air, water, heat control, and related facilities both in Japan and internationally, with a market cap of ¥89.83 billion.

Operations: Shin Nippon Air Technologies Co., Ltd. generates revenue through its engineering systems for air conditioning, electrical, and sanitary facilities.

Dividend Yield: 2.9%

Shin Nippon Air Technologies has shown strong earnings growth of 63.5% over the past year, supporting its dividend payments which are covered by a payout ratio of 37.6%. Despite a volatile dividend history, recent increases suggest improvement, with the latest quarterly dividend doubling from last year. However, its yield remains below top-tier JP market levels at 2.89%. A share buyback program aims to enhance shareholder value and improve capital efficiency.

• Click to explore a detailed breakdown of our findings in Shin Nippon Air Technologies' dividend report.
• According our valuation report, there's an indication that Shin Nippon Air Technologies' share price might be on the expensive side.

Good Com Asset (TSE:3475)

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

Overview: Good Com Asset Co., Ltd. and its subsidiaries plan, develop, and sell residential condominiums and lots under the GENOVIA brand in Japan and internationally, with a market cap of ¥24.46 billion.

Operations: Good Com Asset Co., Ltd.'s revenue is derived from wholesale activities amounting to ¥44.32 billion, retail sales totaling ¥12.88 billion, and real estate management services contributing ¥2.64 billion.

Dividend Yield: 5.4%

Good Com Asset's dividend yield of 5.37% is among the top 25% in Japan, supported by a low payout ratio of 35.6%, ensuring coverage by earnings and cash flows. Despite only eight years of dividend history, payments have been stable and growing, with a recent increase to JPY 36 per share and a forecasted rise to JPY 45 for the next fiscal year. However, high debt levels may warrant caution for some investors.

• Get an in-depth perspective on Good Com Asset's performance by reading our dividend report here.
• Insights from our recent valuation report point to the potential undervaluation of Good Com Asset shares in the market.

Taking Advantage

• Click here to access our complete index of 1973 Top Dividend Stocks.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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Searching for a Fresh Perspective?

• 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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