Top Dividend Stocks To Consider In August 2024

As global markets celebrate the prospect of upcoming interest rate cuts and U.S. indices approach record highs, investors are increasingly looking for stable income sources amidst the market optimism. Dividend stocks, known for their consistent payouts and potential for capital appreciation, become particularly attractive in such an environment where monetary policy shifts could influence market dynamics. When evaluating dividend stocks, it's crucial to consider factors such as a company's payout ratio, dividend yield, and historical consistency in payments—elements that can provide both steady income and a buffer against market volatility.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.02%	★★★★★★
Allianz (XTRA:ALV)	5.00%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.02%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.91%	★★★★★★
Mitsubishi Research Institute (TSE:3636)	3.77%	★★★★★★
KurimotoLtd (TSE:5602)	4.84%	★★★★★★
Innotech (TSE:9880)	4.64%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.51%	★★★★★★
GakkyushaLtd (TSE:9769)	4.37%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.67%	★★★★★★

Click here to see the full list of 2081 stocks from our Top Dividend Stocks screener.

Underneath we present a selection of stocks filtered out by our screen.

Highnoon Laboratories (KASE:HINOON)

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

Overview: Highnoon Laboratories Limited, with a market cap of PKR40.50 billion, manufactures, imports, sells, exports, and markets pharmaceutical and allied consumer products through its subsidiaries.

Operations: Highnoon Laboratories Limited generates PKR20.95 billion in revenue from its pharmaceuticals segment.

Dividend Yield: 3.9%

Highnoon Laboratories has shown consistent dividend growth over the past decade, with stable and reliable payments. However, its current dividend yield of 3.92% is lower than the top 25% in the PK market. The payout ratio of 60.1% suggests dividends are covered by earnings, but a high cash payout ratio of 115.3% indicates poor coverage by free cash flow. Recent changes in auditors and corporate structure may impact future stability and oversight.

• Dive into the specifics of Highnoon Laboratories here with our thorough dividend report.
• Our valuation report unveils the possibility Highnoon Laboratories' shares may be trading at a premium.

Quality Construction Products (SET:Q-CON)

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

Overview: Quality Construction Products Public Company Limited, with a market cap of THB4 billion, produces and distributes autoclaved aerated concrete blocks, reinforced wall panels, floor panels, and lintels for construction uses in Thailand and internationally.

Operations: Quality Construction Products Public Company Limited generates revenue of THB2.99 billion from its construction materials segment.

Dividend Yield: 10%

Quality Construction Products has seen a decline in recent earnings, with second-quarter sales at THB 566.8 million and net income at THB 108.75 million, both down from last year. Despite this, the company trades below its fair value estimate and offers a high dividend yield of 10%, placing it among the top 25% in the Thai market. While dividends have grown over ten years, they’ve been volatile and are currently covered by earnings (payout ratio: 52.6%) and cash flows (cash payout ratio: 64.5%).

• Get an in-depth perspective on Quality Construction Products' performance by reading our dividend report here.
• Our expertly prepared valuation report Quality Construction Products implies its share price may be lower than expected.

Koei Tecmo Holdings (TSE:3635)

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

Overview: Koei Tecmo Holdings Co., Ltd. operates as an entertainment company with a market cap of ¥456.54 billion, offering its services in Japan, North America, Europe, Asia, and internationally.

Operations: Koei Tecmo Holdings Co., Ltd. generates revenue from its Entertainment segment (¥78.95 billion), Amusement segment (¥3.77 billion), and Real Estate segment (¥1.18 billion).

Dividend Yield: 3%

Koei Tecmo Holdings offers a stable dividend, with payments well-covered by both earnings (payout ratio: 46.2%) and cash flows (cash payout ratio: 43.6%). The company has maintained consistent dividends over the past decade, although its yield of 3.02% is lower than the top quartile in Japan. Trading at a price-to-earnings ratio of 13.6x, below the industry average, it represents good value despite forecasted earnings declines of 4.2% annually over the next three years.

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

Next Steps

• Get an in-depth perspective on all 2081 Top Dividend Stocks by using our screener here.
• Already own these companies? Bring clarity to your investment decisions by linking up your portfolio with Simply Wall St, where you can monitor all the vital signs of your stocks effortlessly.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Ready To Venture Into Other Investment Styles?

• 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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