High-Yield Dividend Stocks To Watch In December 2024

In December 2024, global markets are navigating a complex landscape marked by cautious Federal Reserve commentary and political uncertainties, leading to declines in major indices like the S&P 500 and Dow Jones Industrial Average. Amid this backdrop of economic fluctuations and tempered rate cut expectations, dividend stocks with high yields can offer investors a potential source of steady income.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.38%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.93%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.54%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.52%	★★★★★★
GakkyushaLtd (TSE:9769)	4.36%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.76%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.20%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.02%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.72%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.22%	★★★★★★

Click here to see the full list of 1935 stocks from our Top Dividend Stocks screener.

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

Mirai IndustryLtd (TSE:7931)

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

Overview: Mirai Industry Co., Ltd. manufactures and sells electrical and pipe materials, as well as wiring devices in Japan, with a market cap of ¥59.04 billion.

Operations: Mirai Industry Co., Ltd.'s revenue primarily comes from Electrical Materials and Pipe Materials, generating ¥34.80 billion, followed by Wiring Accessories at ¥7.08 billion.

Dividend Yield: 3.5%

Mirai Industry Ltd. announced a stable interim dividend of JPY 50 per share, but guidance indicates a decrease to JPY 80 per share for year-end, down from JPY 100. Despite past earnings growth of 40.2%, future earnings are expected to decline by an average of 2.4% annually over three years. The dividend yield is lower than top-tier payers in Japan and has been volatile historically, though current payouts are covered by both earnings and cash flows.

• Click to explore a detailed breakdown of our findings in Mirai IndustryLtd's dividend report.
• Insights from our recent valuation report point to the potential undervaluation of Mirai IndustryLtd shares in the market.

Taiwan Navigation (TWSE:2617)

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

Overview: Taiwan Navigation Co., Ltd., along with its subsidiaries, offers shipping services in Taiwan and has a market capitalization of NT$12.29 billion.

Operations: The company generates revenue primarily from its Cargo Transportation and Shipping Agency segment, amounting to NT$4.38 billion.

Dividend Yield: 5.4%

Taiwan Navigation's dividend yield of 5.41% ranks in the top 25% of Taiwan's market, yet its sustainability is questionable due to lack of free cash flow coverage. While a reasonable payout ratio suggests earnings cover dividends, profit margins have declined from last year. Recent earnings show increased sales but reduced net income, impacting dividend reliability. Executive changes may influence future strategies, though past dividends have been volatile despite some growth over ten years.

• Get an in-depth perspective on Taiwan Navigation's performance by reading our dividend report here.
• Our expertly prepared valuation report Taiwan Navigation implies its share price may be too high.

Alltek Technology (TWSE:3209)

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

Overview: Alltek Technology Corporation is a communication components distributor and solution provider operating in Taiwan, China, and internationally with a market cap of NT$8.09 billion.

Operations: Alltek Technology Corporation's revenue segments include NT$25.58 billion from Alltek Technology Corp., NT$22.22 billion from Alltek Group Corp and Alltek Technology (H.K.) Limited, and NT$690.32 million from Gaosen Technology, Inc.

Dividend Yield: 6%

Alltek Technology offers a 5.97% dividend yield, placing it among the top 25% in Taiwan's market, yet its sustainability is challenged by inadequate free cash flow coverage. Despite earnings growth of 8.9% and a reasonable payout ratio of 71%, dividends remain unreliable and volatile over the past decade. Recent earnings show improved net income but decreased sales, highlighting financial pressures that may affect future dividend stability amidst high share price volatility.

• Navigate through the intricacies of Alltek Technology with our comprehensive dividend report here.
• In light of our recent valuation report, it seems possible that Alltek Technology is trading beyond its estimated value.

Where To Now?

• Click here to access our complete index of 1935 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.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

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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