Top Dividend Stocks To Consider In December 2024

As global markets navigate a period of mixed performance, with the Nasdaq hitting record highs amid broader declines in major indexes, investors are closely watching central bank actions and economic indicators that suggest a potential rate cut by the Federal Reserve. In this environment of fluctuating market dynamics and economic uncertainty, dividend stocks can offer a measure of stability and income, making them an attractive consideration for those looking to balance growth with consistent returns.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.99%	★★★★★★
CAC Holdings (TSE:4725)	4.75%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.19%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.05%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.64%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.35%	★★★★★★
E J Holdings (TSE:2153)	3.86%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.67%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.31%	★★★★★★

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.

Tanabe Engineering (TSE:1828)

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

Overview: Tanabe Engineering Corporation specializes in plant construction and machinery production activities in Japan, with a market cap of ¥18.31 billion.

Operations: Tanabe Engineering Corporation's revenue is primarily derived from its Facility Installation Works segment, which generates ¥52.14 billion, and its Surface Treatment Business, contributing ¥1.29 billion.

Dividend Yield: 4%

Tanabe Engineering offers an attractive dividend yield of 4%, ranking in the top 25% of JP market dividend payers. The company's dividends are well-supported by a low payout ratio of 25.1% and a cash payout ratio of 40.1%. Over the past decade, dividends have been stable and reliable, with consistent growth. Recent guidance indicates an increase in year-end dividends to ¥70 per share, reflecting confidence in sustained earnings growth and profitability.

• Unlock comprehensive insights into our analysis of Tanabe Engineering stock in this dividend report.
• The valuation report we've compiled suggests that Tanabe Engineering's current price could be quite moderate.

Subaru (TSE:7270)

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

Overview: Subaru Corporation manufactures and sells automobiles and aerospace products across Japan, Asia, North America, Europe, and internationally with a market cap of ¥1.84 trillion.

Operations: Subaru Corporation's revenue primarily comes from its Automobiles segment, generating ¥4.64 trillion, followed by the Aerospace segment with ¥111.40 billion.

Dividend Yield: 3.8%

Subaru's dividends are well-supported by low payout ratios, with earnings at 18.1% and cash flows at 15.6%. Despite a volatile dividend history over the past decade, recent increases indicate potential stability. The dividend yield of 3.81% places it among the top payers in Japan. Earnings grew significantly last year, though they are forecasted to decline in the coming years. Subaru also completed a share buyback worth ¥59.99 billion recently, reflecting shareholder value initiatives.

• Take a closer look at Subaru's potential here in our dividend report.
• Upon reviewing our latest valuation report, Subaru's share price might be too pessimistic.

Toho (TSE:8142)

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

Overview: Toho Co., Ltd. operates in Japan through its subsidiaries, focusing on food wholesale, cash and carry, and supermarket businesses with a market cap of ¥30.70 billion.

Operations: Toho Co., Ltd. generates revenue through its subsidiaries by engaging in the food wholesale, cash and carry, and supermarket sectors primarily within Japan.

Dividend Yield: 3.9%

Toho's dividends are well-covered, with a payout ratio of 32.4% and a cash payout ratio of 20%. Despite this coverage, the dividend history has been volatile over the last decade, although there has been growth in payments during that period. The current yield of 3.85% ranks it among Japan's top dividend payers. Earnings have grown by 22.5% recently, but the unstable track record raises concerns about long-term sustainability.

• Click here to discover the nuances of Toho with our detailed analytical dividend report.
• Our valuation report unveils the possibility Toho's shares may be trading at a discount.

Key Takeaways

• Embark on your investment journey to our 1935 Top Dividend Stocks selection here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Maximize your investment potential with Simply Wall St, the comprehensive app that offers global market insights for free.

Contemplating Other Strategies?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com