Top Dividend Stocks To Consider In December 2024

As global markets navigate a period of mixed performance, with the Nasdaq Composite reaching new heights while other major indexes experience declines, investors are closely monitoring central bank decisions and economic indicators. Amidst this backdrop of rate cuts and inflationary pressures, dividend stocks can offer a measure of stability and income potential, making them an attractive consideration for those looking to balance growth with consistent returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.62%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.27%	★★★★★★
CAC Holdings (TSE:4725)	4.75%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.19%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
Nihon Parkerizing (TSE:4095)	4.04%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.64%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.35%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.67%	★★★★★★

Click here to see the full list of 1937 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

KPX ChemicalLtd (KOSE:A025000)

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

Overview: KPX Chemical Co., Ltd. is a South Korean company that manufactures and sells organic chemicals and chemical products, with a market cap of ₩213.27 billion.

Operations: KPX Chemical Co., Ltd. generates revenue primarily from its Specialty Chemicals segment, amounting to ₩905.39 million.

Dividend Yield: 7.8%

KPX Chemical Ltd. has shown promising earnings growth of 24.4% over the past year, supporting its dividend payments which are well covered by both earnings and cash flows, with payout ratios of 26.7% and 29.4%, respectively. However, despite a top-tier dividend yield of 7.8%, the company has only paid dividends for five years with a history of volatility, making its dividend reliability uncertain for long-term investors seeking stability.

• Unlock comprehensive insights into our analysis of KPX ChemicalLtd stock in this dividend report.
• Our comprehensive valuation report raises the possibility that KPX ChemicalLtd is priced lower than what may be justified by its financials.

Noritake (TSE:5331)

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

Overview: Noritake Co., Limited, along with its subsidiaries, offers industrial, ceramic and material, engineering, and tabletop products both in Japan and internationally, with a market cap of ¥109.80 billion.

Operations: Noritake Co., Limited generates revenue through its diverse offerings in industrial, ceramic and material, engineering, and tabletop products across domestic and international markets.

Dividend Yield: 3.4%

Noritake's dividends are well covered by earnings with a low payout ratio of 16% and a cash payout ratio of 60.5%. Despite trading at a significant discount to its estimated fair value, the dividend yield of 3.4% is below the top tier in Japan. The company has increased dividends over the past decade, but its track record is unstable with volatility exceeding 20%. Recent share buybacks worth ¥750.84 million may influence future returns.

• Get an in-depth perspective on Noritake's performance by reading our dividend report here.
• According our valuation report, there's an indication that Noritake's share price might be on the cheaper side.

Niterra (TSE:5334)

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

Overview: Niterra Co., Ltd. operates in the manufacturing and sale of spark plugs and related products for internal-combustion engines, as well as technical ceramics, serving both Japan and international markets, with a market cap of ¥940 billion.

Operations: Niterra Co., Ltd.'s revenue segments include Automobile Connection at ¥527.37 billion and Ceramic (including Medical-Related) at ¥97.70 billion.

Dividend Yield: 3.8%

Niterra's dividends are well supported by earnings, with a payout ratio of 39.6% and a cash payout ratio of 35.8%. Despite trading at 36.4% below its estimated fair value, its dividend yield of 3.76% is slightly lower than the top quartile in Japan. The company has increased dividends over the past decade, but payments have been volatile and unreliable. A new partnership with Aichi International Arena may impact future financial performance positively.

• Delve into the full analysis dividend report here for a deeper understanding of Niterra.
• Our valuation report here indicates Niterra may be undervalued.

Make It Happen

• Embark on your investment journey to our 1937 Top Dividend Stocks selection here.
• 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.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

Interested In Other Possibilities?

• 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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