Top Dividend Stocks To Consider In December 2024

As global markets navigate a complex landscape marked by fluctuating consumer confidence and mixed economic indicators, investors are increasingly looking for stability through dividend stocks. In this environment, selecting dividend stocks that offer consistent payouts and strong fundamentals can provide a measure of resilience against market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.49%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.09%	★★★★★★
CAC Holdings (TSE:4725)	4.84%	★★★★★★
Yamato Kogyo (TSE:5444)	4.04%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.42%	★★★★★★
GakkyushaLtd (TSE:9769)	4.38%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.83%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.38%	★★★★★★
E J Holdings (TSE:2153)	3.82%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.15%	★★★★★★

Click here to see the full list of 1948 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

S & J International Enterprises (SET:S&J)

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

Overview: S & J International Enterprises Public Company Limited, along with its subsidiaries, is engaged in the manufacturing and distribution of cosmetic products both in Thailand and internationally, with a market cap of THB49.85 billion.

Operations: S & J International Enterprises generates revenue primarily from its Cosmetics segment, which accounts for THB5.12 billion, followed by the Packaging segment at THB1.35 billion.

Dividend Yield: 6.8%

S & J International Enterprises has consistently increased and maintained stable dividends over the past decade, although its current dividend yield of 6.77% is below the top quartile in Thailand. The high cash payout ratio of 172.4% raises concerns about sustainability, as dividends are not well covered by free cash flows despite being covered by earnings at an 86.4% payout ratio. Recent earnings show a decline in profitability, with net income significantly lower than last year.

• Dive into the specifics of S & J International Enterprises here with our thorough dividend report.
• Our valuation report here indicates S & J International Enterprises may be overvalued.

Max (TSE:6454)

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

Overview: Max Co., Ltd. and its subsidiaries manufacture and sell industrial and office equipment both in Japan and internationally, with a market cap of ¥163.78 billion.

Operations: Max Co., Ltd.'s revenue is comprised of ¥21.38 billion from office equipment, ¥63.90 billion from industrial equipment, and ¥3.32 billion from home care and rehabilitation equipment.

Dividend Yield: 3.1%

Max Co., Ltd.'s dividend payments are well-supported by earnings, with a payout ratio of 45.7%, and cash flows, maintaining a cash payout ratio of 52.2%. Despite offering a reliable dividend yield of 3.07%, it falls short compared to the top quartile in Japan's market. The company has consistently grown its dividends over the past decade and plans to enhance shareholder returns through a ¥2.4 billion share buyback program while undertaking a ¥4.14 billion equity offering for capital efficiency improvements.

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

Cosel (TSE:6905)

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

Overview: Cosel Co., Ltd. manufactures and sells electrical components and EMI filters both in Japan and internationally, with a market cap of ¥43.89 billion.

Operations: Cosel Co., Ltd.'s revenue is primarily derived from its Japan Production and Sales Business at ¥26.73 billion, followed by the Europe Production and Sales Business at ¥6.73 billion, Asian Sales Business at ¥2.89 billion, North American Sales Business at ¥2.53 billion, and China Production Business at ¥2.51 billion.

Dividend Yield: 5.2%

Cosel Co., Ltd. offers a dividend yield of 5.25%, placing it in the top tier of Japanese dividend payers, yet its high payout ratio of 102% suggests dividends are not well-covered by earnings. Recent guidance indicates an annual dividend increase to JPY 55 per share for fiscal year ending May 2025, but past volatility and unreliable payments raise sustainability concerns. Despite these challenges, cash flows reasonably cover dividends with a cash payout ratio of 65.2%.

• Unlock comprehensive insights into our analysis of Cosel stock in this dividend report.
• Insights from our recent valuation report point to the potential overvaluation of Cosel shares in the market.

Turning Ideas Into Actions

• Get an in-depth perspective on all 1948 Top Dividend Stocks by using our screener 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.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

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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