Top Dividend Stocks To Consider In December 2024

As global markets grapple with cautious sentiment following the Federal Reserve's recent rate cut and ongoing political uncertainties, investors are navigating a complex landscape marked by fluctuating indices and economic indicators. Amidst these dynamics, dividend stocks present a compelling option for those seeking income stability, offering potential resilience in uncertain times while benefiting from consistent payouts.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.96%	★★★★★★
CAC Holdings (TSE:4725)	4.78%	★★★★★★
Yamato Kogyo (TSE:5444)	4.10%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.48%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.53%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.28%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.62%	★★★★★★
E J Holdings (TSE:2153)	3.85%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.04%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.79%	★★★★★☆

Click here to see the full list of 1968 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

San Miguel Food and Beverage (PSE:FB)

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

Overview: San Miguel Food and Beverage, Inc. is a company that specializes in providing processed meat products and has a market capitalization of approximately ₱299.60 billion.

Operations: San Miguel Food and Beverage, Inc. generates its revenue from three main segments: Food at ₱183.76 billion, Spirits at ₱60.29 billion, and Beer and Non-Alcoholic Beverage at ₱150.23 billion.

Dividend Yield: 6%

San Miguel Food and Beverage's recent earnings report shows strong growth, with net income rising to PHP 6.91 billion in Q3 2024 from PHP 5.24 billion a year ago. The company declared a regular cash dividend of PHP 0.45 and a special dividend of PHP 1.00, supported by a payout ratio of 40.3%. Despite trading below fair value estimates, its dividends are reliably covered by both earnings and cash flows, although the yield is slightly below top-tier levels in the Philippines market.

• Click here and access our complete dividend analysis report to understand the dynamics of San Miguel Food and Beverage.
• Upon reviewing our latest valuation report, San Miguel Food and Beverage's share price might be too pessimistic.

Sansei Technologies (TSE:6357)

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

Overview: Sansei Technologies, Inc. is involved in the planning, design, manufacturing, installation, repair, and maintenance of amusement rides, stage equipment, elevators, and other specialized equipment both in Japan and internationally with a market cap of ¥23.11 billion.

Operations: Sansei Technologies generates revenue primarily from its Amusement Machinery segment at ¥33.71 billion, followed by Stage Equipment at ¥15.99 billion, and Elevator services at ¥6.49 billion.

Dividend Yield: 3.9%

Sansei Technologies offers a dividend yield of 3.93%, placing it among the top 25% in Japan. Despite an unstable track record with volatile payments over the past decade, dividends are well-covered by earnings and cash flows, as indicated by low payout ratios of 39.4% and 12.4%, respectively. Trading significantly below estimated fair value provides potential upside, but investors should consider recent share price volatility when evaluating its dividend reliability.

• Take a closer look at Sansei Technologies' potential here in our dividend report.
• Our valuation report here indicates Sansei Technologies may be undervalued.

Central Automotive Products (TSE:8117)

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

Overview: Central Automotive Products Ltd. is involved in the import, export, and wholesale of automotive parts and accessories, with a market cap of ¥79.16 billion.

Operations: Central Automotive Products Ltd.'s revenue is primarily derived from its Automotive Parts and Accessories Sales Business, generating ¥31.56 billion, and its Automobile Disposal Business, contributing ¥7.96 billion.

Dividend Yield: 3.1%

Central Automotive Products provides a stable dividend history with 10 years of consistent payments. The dividend yield of 3.13% is below the top quartile in Japan; however, it remains reliable and well-covered by earnings (payout ratio: 32.2%) and cash flows (cash payout ratio: 43.7%). Trading at a significant discount to its estimated fair value, the stock offers good relative value compared to peers, supported by recent earnings growth of ¥8.4%.

• Click to explore a detailed breakdown of our findings in Central Automotive Products' dividend report.
• In light of our recent valuation report, it seems possible that Central Automotive Products is trading behind its estimated value.

Key Takeaways

• Dive into all 1968 of the Top Dividend Stocks we have identified here.
• Shareholder in one or more of these companies? Ensure you're never caught off-guard by adding your portfolio in Simply Wall St for timely alerts on significant stock developments.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

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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