Top Dividend Stocks To Watch In December 2024

As global markets experience mixed performances with major indexes like the S&P 500 and Nasdaq Composite reaching record highs, investors are keenly observing the economic landscape shaped by recent labor market data and potential interest rate adjustments. In this environment of fluctuating growth and value stock dynamics, dividend stocks remain an attractive option for those seeking steady income streams amidst market volatility. A good dividend stock typically offers a reliable payout history and financial stability, providing investors with a level of predictability even as broader market conditions shift.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.98%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.61%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.08%	★★★★★★
GakkyushaLtd (TSE:9769)	4.48%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.09%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.32%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.61%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.46%	★★★★★★
DoshishaLtd (TSE:7483)	3.81%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.17%	★★★★★☆

Click here to see the full list of 1924 stocks from our Top Dividend Stocks screener.

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

Corporación Moctezuma. de (BMV:CMOCTEZ *)

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

Overview: Corporación Moctezuma, S.A.B. de C.V. operates in Mexico focusing on the production, distribution, and sale of portland cement, ready-mix concrete, sand, gravel, and pavements for the construction industry with a market cap of MX$64.55 billion.

Operations: Corporación Moctezuma's revenue primarily comes from its Concrete and Cement segment, generating MX$20.06 billion.

Dividend Yield: 7.9%

Corporación Moctezuma offers a high dividend yield of 7.95%, placing it in the top 25% of MX market payers. However, its dividends have been volatile and are not well covered by cash flows, with a high cash payout ratio of 105.5%. Despite this, the payout is well-covered by earnings due to a low payout ratio of 38.3%. Recent earnings growth has been robust at 12.5% annually over five years, but liquidity concerns persist with highly illiquid shares.

• Dive into the specifics of Corporación Moctezuma. de here with our thorough dividend report.
• Our valuation report here indicates Corporación Moctezuma. de may be undervalued.

Tong Yang Life Insurance (KOSE:A082640)

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

Overview: Tong Yang Life Insurance Co., Ltd. operates in the life insurance sector in South Korea with a market cap of ₩895.13 billion.

Operations: Tong Yang Life Insurance Co., Ltd. generates revenue primarily from its life and health insurance segment, amounting to ₩3.06 billion.

Dividend Yield: 7.0%

Tong Yang Life Insurance's dividends are well-supported by earnings and cash flows, with payout ratios of 18.9% and 9.6%, respectively, indicating sustainability. The company offers a competitive dividend yield of 6.97%, ranking in the top quartile of the KR market, though its dividend history spans only five years. Recent financials show a significant rise in net income to KRW 89 billion for Q3 2024, driven by substantial earnings growth over the past year.

• Click here and access our complete dividend analysis report to understand the dynamics of Tong Yang Life Insurance.
• Our expertly prepared valuation report Tong Yang Life Insurance implies its share price may be lower than expected.

Zhengzhou Coal Mining Machinery Group (SHSE:601717)

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

Overview: Zhengzhou Coal Mining Machinery Group Company Limited, along with its subsidiaries, manufactures and sells coal mining and excavating equipment in China, with a market cap of CN¥22.70 billion.

Operations: Zhengzhou Coal Mining Machinery Group's revenue is primarily derived from two segments: Coal Manufacturing, which accounts for CN¥19.18 billion, and the Automotive Parts Board, contributing CN¥17.81 billion.

Dividend Yield: 6.4%

Zhengzhou Coal Mining Machinery Group's dividend yield of 6.36% ranks in the top 25% in China, supported by a low payout ratio of 38.6%, ensuring coverage by earnings and cash flows. Despite past volatility and unreliability over ten years, dividends have grown recently. The company reported net income growth to CNY 3.06 billion for the first nine months of 2024, reflecting strong financial performance amid competitive valuation compared to industry peers.

• Navigate through the intricacies of Zhengzhou Coal Mining Machinery Group with our comprehensive dividend report here.
• According our valuation report, there's an indication that Zhengzhou Coal Mining Machinery Group's share price might be on the cheaper side.

Turning Ideas Into Actions

• Investigate our full lineup of 1924 Top Dividend Stocks right here.
• Are these companies part of your investment strategy? Use Simply Wall St to consolidate your holdings into a portfolio and gain insights with our comprehensive analysis tools.
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Interested In Other Possibilities?

• 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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