Top Dividend Stocks To Consider In December 2024

As global markets navigate a landscape marked by cautious Federal Reserve commentary and political uncertainties, investors are keeping a close eye on the shifting dynamics of interest rates and economic growth. Amidst these fluctuations, dividend stocks present an attractive option for those seeking stability and income, as they can offer consistent returns even in volatile market conditions.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.30%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.22%	★★★★★★
Yamato Kogyo (TSE:5444)	4.10%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.48%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.53%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.62%	★★★★★★
E J Holdings (TSE:2153)	3.85%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.04%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.73%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.23%	★★★★★★

Click here to see the full list of 1959 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Puregold Price Club (PSE:PGOLD)

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

Overview: Puregold Price Club, Inc. operates in the Philippines as a retailer and wholesaler of dry goods, food, and other merchandise with a market capitalization of approximately ₱88.83 billion.

Operations: Puregold Price Club, Inc.'s revenue from its retailing business amounts to ₱211.71 billion.

Dividend Yield: 5.8%

Puregold Price Club's dividend sustainability is supported by a payout ratio of 60.3% and a cash payout ratio of 43.3%, indicating dividends are well-covered by earnings and cash flows. However, its dividend yield of 5.81% is lower than the top quartile in the Philippine market, and its dividend history has been volatile over the past decade. Recent earnings show increased sales but slightly decreased quarterly net income, reflecting potential challenges in maintaining consistent profitability amidst expansion efforts like acquiring Puremart stores for PHP 567.5 million.

• Click here and access our complete dividend analysis report to understand the dynamics of Puregold Price Club.
• The valuation report we've compiled suggests that Puregold Price Club's current price could be quite moderate.

Youngtek Electronics (TPEX:6261)

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

Overview: Youngtek Electronics Corporation is involved in the semiconductor sawing and pick and place OEM business industry in Taiwan, with a market cap of NT$7.85 billion.

Operations: Youngtek Electronics Corporation generates revenue from its OEM Business Department, contributing NT$2.41 billion, and its Own Product Business Department, which brings in NT$1.81 billion.

Dividend Yield: 6.5%

Youngtek Electronics' dividend yield of 6.46% ranks in the top 25% of Taiwan's market, with dividends covered by an 87.3% payout ratio and a 63.1% cash payout ratio, suggesting reasonable coverage by earnings and cash flows despite past volatility. Recent earnings show increased nine-month sales to TWD 3.04 billion, though Q3 net income declined year-over-year to TWD 92.02 million, highlighting potential profitability challenges amidst strategic board changes for sustainable development initiatives.

• Delve into the full analysis dividend report here for a deeper understanding of Youngtek Electronics.
• The valuation report we've compiled suggests that Youngtek Electronics' current price could be inflated.

TOYO (TSE:8151)

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

Overview: TOYO Corporation offers measurement solutions in Japan and has a market cap of ¥30.44 billion.

Operations: TOYO Corporation's revenue is derived from several key segments, including Life Science (¥916.79 million), Physics / Energies (¥9.91 billion), EMC / Antenna Systems (¥4.68 billion), Marine/Special Equipment (¥2.26 billion), Mechatronics / Noise & Vibration (¥7.66 billion), Software Quality and Productivity (¥2.13 billion), and Telecommunications/Information Security (¥7.48 billion).

Dividend Yield: 4.8%

TOYO's dividend yield of 4.8% places it among the top 25% in Japan, supported by a payout ratio of 60.2% and cash payout ratio of 69.4%, indicating coverage by earnings and cash flows despite a history of volatility. Recent actions include a ¥43 per share dividend increase effective December 23, 2024, and completion of a significant share buyback totaling ¥1.5 billion, reflecting strategic capital management amidst ongoing board deliberations on treasury shares disposal for remuneration purposes.

• Get an in-depth perspective on TOYO's performance by reading our dividend report here.
• Upon reviewing our latest valuation report, TOYO's share price might be too pessimistic.

Seize The Opportunity

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Looking For Alternative Opportunities?

• 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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