Top Dividend Stocks To Consider In December 2024

As global markets experience mixed performance, with major indexes mostly declining and inflationary pressures persisting, investors are closely watching central banks' monetary policy decisions. Amidst these uncertainties, dividend stocks can offer a stable income stream and potential for long-term growth, making them an attractive option for those seeking to navigate the current economic landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.12%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.58%	★★★★★★
Yamato Kogyo (TSE:5444)	4.00%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
GakkyushaLtd (TSE:9769)	4.41%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.96%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.36%	★★★★★★
E J Holdings (TSE:2153)	3.83%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.67%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.42%	★★★★★★

Click here to see the full list of 1829 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Four Seas Mercantile Holdings (SEHK:374)

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

Overview: Four Seas Mercantile Holdings Limited is an investment holding company involved in the manufacture and trade of snack foods, confectionery, beverages, frozen food products, noodles, and ham-related products in Hong Kong and Mainland China with a market cap of HK$979.68 million.

Operations: The company's revenue is primarily derived from its Food Processing segment, which generated HK$3.66 billion.

Dividend Yield: 3.7%

Four Seas Mercantile Holdings offers a dividend yield of 3.73%, which is lower than the top 25% of dividend payers in Hong Kong. Despite stable and growing dividends over the past decade, current payments are not well covered by earnings due to a high payout ratio of 146.9%. Recent interim results show decreased sales and net income compared to last year, with an interim dividend declared at HKD 0.03 per share for H1 2024.

• Get an in-depth perspective on Four Seas Mercantile Holdings' performance by reading our dividend report here.
• In light of our recent valuation report, it seems possible that Four Seas Mercantile Holdings is trading behind its estimated value.

Shinagawa Refractories (TSE:5351)

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

Overview: Shinagawa Refractories Co., Ltd. manufactures and sells refractory products both in Japan and internationally, with a market cap of ¥76.84 billion.

Operations: Shinagawa Refractories Co., Ltd. generates its revenue from the manufacturing and sale of refractory products across domestic and international markets.

Dividend Yield: 5.3%

Shinagawa Refractories provides a compelling dividend profile, with a yield of 5.34%, ranking in the top 25% of Japanese dividend payers. Its dividends are well-covered by earnings and cash flows, with payout ratios of 15.4% and 52.6%, respectively, ensuring sustainability. Despite a recent decrease to JPY 45 per share for Q2 2024, dividends have been stable and growing over the past decade, reflecting reliability amidst market fluctuations.

• Click here and access our complete dividend analysis report to understand the dynamics of Shinagawa Refractories.
• The analysis detailed in our Shinagawa Refractories valuation report hints at an deflated share price compared to its estimated value.

Taiwan Secom (TWSE:9917)

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

Overview: Taiwan Secom Co., Ltd. offers security services in Taiwan and has a market cap of NT$59.64 billion.

Operations: Taiwan Secom Co., Ltd.'s revenue segments include NT$1.79 billion from Restaurant Services, NT$1.09 billion from the Logistics Department, NT$1.62 billion from the Banknote Service Department, NT$2.62 billion from the Stay in Security Department, and NT$7.61 billion from the Electronic Systems Department.

Dividend Yield: 3.9%

Taiwan Secom has delivered reliable and growing dividends over the past decade, though its current yield of 3.87% is lower than the top quartile in Taiwan. Despite stable earnings growth of 8.9% last year, high cash payout ratios (141.8%) indicate dividends are not well-covered by free cash flows, raising sustainability concerns. Recent financial performance shows improved net income and sales for Q3 2024, which may support future dividend stability amidst these challenges.

• Click here to discover the nuances of Taiwan Secom with our detailed analytical dividend report.
• Our comprehensive valuation report raises the possibility that Taiwan Secom is priced higher than what may be justified by its financials.

Seize The Opportunity

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Seeking Other Investments?

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• 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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