December 2024's Leading Dividend Stocks To Watch

As global markets navigate a period of economic adjustments, highlighted by rate cuts from the ECB and SNB and expectations for a Federal Reserve cut, investors are closely watching the performance of major indices. While most indexes saw declines, the Nasdaq reached a record high, underscoring the mixed sentiment across sectors. In this environment, dividend stocks stand out as potentially attractive options due to their ability to provide steady income streams amidst market volatility and shifting monetary policies.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.05%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.70%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.22%	★★★★★★
CAC Holdings (TSE:4725)	4.75%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.32%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.67%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.79%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.55%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.20%	★★★★★★

Click here to see the full list of 1856 stocks from our Top Dividend Stocks screener.

Let's review some notable picks from our screened stocks.

Adeka (TSE:4401)

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

Overview: Adeka Corporation operates in the chemicals, food products, and life science sectors with a market cap of approximately ¥282.85 billion.

Operations: Adeka Corporation's revenue is primarily derived from its Chemical Business at ¥214.38 billion, followed by the Life Science Business at ¥101.49 billion and the Food Business at ¥83.92 billion.

Dividend Yield: 3.5%

Adeka recently increased its interim dividend to JPY 48 per share, with year-end guidance revised to JPY 49 per share, reflecting a commitment to raising the payout ratio above 40% by ADX 2026. The company's dividends are well-covered by earnings and cash flows, with a payout ratio of 41.8% and a cash payout ratio of 32.6%. Despite offering a lower yield than top-tier dividend payers in Japan, Adeka's dividends have been stable and growing over the past decade.

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

Tsubakimoto Chain (TSE:6371)

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

Overview: Tsubakimoto Chain Co. manufactures and sells chains, motion control, mobility, and materials handling systems components in Japan with a market cap of ¥192.37 billion.

Operations: Tsubakimoto Chain Co.'s revenue is primarily derived from its Chain segment at ¥94.51 billion, Mobility at ¥88.71 billion, Motion Control at ¥22.93 billion, and Material Handling systems components at ¥68.28 billion.

Dividend Yield: 4.3%

Tsubakimoto Chain offers a compelling dividend profile, with stable and reliable dividends over the past decade and a current yield of 4.26%, placing it in the top 25% of Japanese dividend payers. The company maintains a low payout ratio of 33.2%, ensuring dividends are well covered by earnings and cash flows. Recent buybacks totaling ¥10 billion enhance shareholder value, though lowered earnings guidance may impact future payouts or growth prospects.

• Dive into the specifics of Tsubakimoto Chain here with our thorough dividend report.
• The valuation report we've compiled suggests that Tsubakimoto Chain's current price could be quite moderate.

Sanko Gosei (TSE:7888)

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

Overview: Sanko Gosei Ltd. is involved in the molding and sale of plastic parts both in Japan and internationally, with a market cap of ¥17.86 billion.

Operations: Sanko Gosei Ltd. generates its revenue through the molding and sale of plastic components across domestic and international markets.

Dividend Yield: 3.4%

Sanko Gosei's dividend profile shows mixed attributes. While its dividend yield of 3.41% is below the top tier in Japan, the payout ratio is low at 19.3%, indicating strong coverage by earnings and cash flows despite a volatile payment history over the past decade. Trading at 19.9% below estimated fair value, it offers good relative value compared to peers. Recent inclusion in the S&P Global BMI Index may enhance visibility among investors.

• Click here to discover the nuances of Sanko Gosei with our detailed analytical dividend report.
• In light of our recent valuation report, it seems possible that Sanko Gosei is trading behind its estimated value.

Key Takeaways

• Unlock more gems! Our Top Dividend Stocks screener has unearthed 1853 more companies for you to explore.Click here to unveil our expertly curated list of 1856 Top Dividend Stocks.
• Are any of these part of your asset mix? Tap into the analytical power of Simply Wall St's portfolio to get a 360-degree view on how they're shaping up.
• Streamline your investment strategy with Simply Wall St's app for free and benefit from extensive research on stocks across all corners of the world.

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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