Top Dividend Stocks To Consider In December 2024

As global markets grapple with cautious Federal Reserve commentary and political uncertainties, investors are keenly observing the impact of these factors on major indices, which have experienced notable fluctuations. Amidst this backdrop, dividend stocks continue to attract attention for their potential to provide steady income streams, making them a compelling consideration for those navigating the current economic landscape.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.98%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.56%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.53%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.76%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.62%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.26%	★★★★★★
E J Holdings (TSE:2153)	3.84%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	6.05%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.74%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.22%	★★★★★★

Click here to see the full list of 1958 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

San-Ai Obbli (TSE:8097)

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

Overview: San-Ai Obbli Co., Ltd. operates in the wholesale and retail sectors for petroleum products and liquefied petroleum gas, with a market cap of ¥117.10 billion.

Operations: San-Ai Obbli Co., Ltd. generates revenue through its operations in the wholesale and retail distribution of petroleum products and liquefied petroleum gas.

Dividend Yield: 5.3%

San-Ai Obbli offers a dividend yield of 5.32%, placing it in the top 25% of JP market dividend payers. Despite stable and growing dividends over the past decade, payouts are not covered by free cash flows, raising sustainability concerns. The payout ratio remains low at 32%, suggesting earnings coverage is strong. Recently, San-Ai Obbli completed a share buyback program worth ¥1.96 billion, potentially enhancing shareholder value through flexible capital management amidst business environment changes.

• Click here to discover the nuances of San-Ai Obbli with our detailed analytical dividend report.
• Upon reviewing our latest valuation report, San-Ai Obbli's share price might be too optimistic.

Mizuho Leasing Company (TSE:8425)

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

Overview: Mizuho Leasing Company, Limited offers general leasing services both in Japan and internationally, with a market cap of ¥282.70 billion.

Operations: Mizuho Leasing Company, Limited generates revenue through its general leasing services provided both domestically in Japan and internationally.

Dividend Yield: 4.1%

Mizuho Leasing Company's dividend yield of 4.07% ranks it in the top 25% of Japanese market payers, yet sustainability is questionable due to inadequate free cash flow coverage. Despite a low payout ratio of 24.7%, dividends have been volatile over the past decade, with significant annual drops exceeding 20%. Recent earnings growth of 39.8% highlights profitability improvements, but shareholder dilution and debt concerns remain notable challenges for long-term dividend reliability.

• Click here and access our complete dividend analysis report to understand the dynamics of Mizuho Leasing Company.
• Upon reviewing our latest valuation report, Mizuho Leasing Company's share price might be too pessimistic.

Chicony Power Technology (TWSE:6412)

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

Overview: Chicony Power Technology Co., Ltd. is a Taiwanese company that develops, manufactures, and sells switching power supplies, electronic components and LED lighting modules, as well as smart building solutions, with a market cap of approximately NT$47.49 billion.

Operations: Chicony Power Technology Co., Ltd. generates revenue primarily from its operations in Asia (NT$31.32 billion), America (NT$1.05 billion), and Domestic markets (NT$35.12 billion).

Dividend Yield: 5.1%

Chicony Power Technology's dividend yield of 5.06% places it among the top 25% in Taiwan, yet its sustainability is challenged by a high cash payout ratio of 199.7%, indicating dividends aren't well covered by free cash flow. Despite a reasonable earnings payout ratio of 69.3%, past decade payments have been volatile, with significant drops exceeding 20%. Recent earnings growth and attractive valuation suggest potential, but dividend reliability remains uncertain.

• Delve into the full analysis dividend report here for a deeper understanding of Chicony Power Technology.
• Our expertly prepared valuation report Chicony Power Technology implies its share price may be lower than expected.

Taking Advantage

• Click this link to deep-dive into the 1958 companies within our Top Dividend Stocks screener.
• 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.
• Invest smarter with the free Simply Wall St app providing detailed insights into every stock market around the globe.

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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