Top Dividend Stocks To Watch In December 2024

As global markets experience mixed performances with major U.S. indexes reaching record highs and geopolitical events unfolding in Europe, investors are closely monitoring the Federal Reserve's upcoming decisions on interest rates. In this dynamic environment, dividend stocks continue to attract attention for their potential to provide steady income streams, making them an appealing option for those seeking stability amid market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
CAC Holdings (TSE:4725)	4.68%	★★★★★★
GakkyushaLtd (TSE:9769)	4.50%	★★★★★★
Yamato Kogyo (TSE:5444)	3.98%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.18%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.41%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.01%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.71%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.33%	★★★★★★
E J Holdings (TSE:2153)	3.88%	★★★★★★

Click here to see the full list of 1927 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Pinthong Industrial Park (SET:PIN)

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

Overview: Pinthong Industrial Park Public Company Limited, with a market cap of THB7.54 billion, is involved in the development and rental of real estate projects in Thailand through its subsidiaries.

Operations: Pinthong Industrial Park Public Company Limited generates revenue from its industrial estate segment, amounting to THB4.51 billion.

Dividend Yield: 9.1%

Pinthong Industrial Park offers a robust dividend profile with a payout ratio of 33.8%, ensuring dividends are well covered by earnings and cash flows. Despite only three years of dividend payments, they have been stable and reliable, placing the yield in the top 25% within Thailand's market. Recent earnings growth supports this stability, although future forecasts suggest potential declines. The stock trades at good value compared to peers, despite recent share price volatility.

• Click here and access our complete dividend analysis report to understand the dynamics of Pinthong Industrial Park.
• In light of our recent valuation report, it seems possible that Pinthong Industrial Park is trading behind its estimated value.

Shanghai Liangxin ElectricalLTD (SZSE:002706)

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

Overview: Shanghai Liangxin Electrical Co., LTD. engages in the research, development, production, and sale of low-voltage electrical apparatus both in China and internationally, with a market cap of CN¥7.89 billion.

Operations: Shanghai Liangxin Electrical Co., LTD. generates revenue through its activities in the research, development, production, and sale of low-voltage electrical apparatus across domestic and international markets.

Dividend Yield: 3.5%

Shanghai Liangxin Electrical's dividend yield of 3.5% ranks in the top 25% of China's market, but its dividends have been volatile and are not well covered by cash flows, with a high cash payout ratio of 93.1%. Despite trading at a value below estimated fair value, recent earnings showed declines in revenue and net income compared to last year. The company completed a share buyback program totaling CNY 200.03 million for 2.69% shares repurchased.

• Get an in-depth perspective on Shanghai Liangxin ElectricalLTD's performance by reading our dividend report here.
• Our comprehensive valuation report raises the possibility that Shanghai Liangxin ElectricalLTD is priced lower than what may be justified by its financials.

Altech (TSE:4641)

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

Overview: Altech Corporation offers technical and engineering assignment services both in Japan and internationally, with a market cap of ¥53.21 billion.

Operations: Altech Corporation's revenue primarily comes from its Outsourcing Service Business, including staffing services, which generated ¥44.87 billion, and its Global Business segment, contributing ¥3.09 billion.

Dividend Yield: 3.5%

Altech's dividend payments have been inconsistent over the past decade, with notable volatility. However, dividends are well-supported by earnings and cash flows, with payout ratios of 53.6% and 44.1%, respectively. Although Altech's current dividend yield of 3.55% is slightly below the top tier in Japan, it trades at a significant discount to its estimated fair value. Earnings are projected to grow modestly at 2.29% annually, indicating potential for future stability in dividends.

• Unlock comprehensive insights into our analysis of Altech stock in this dividend report.
• Our expertly prepared valuation report Altech implies its share price may be lower than expected.

Seize The Opportunity

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Curious About Other Options?

• 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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