Top Dividend Stocks To Consider In December 2024

As global markets navigate a landscape shaped by cautious Federal Reserve commentary and political uncertainties, investors are keenly observing the impact of these dynamics on their portfolios. With U.S. stocks experiencing broad-based declines and interest rate expectations shifting, dividend stocks can offer a measure of stability through regular income in uncertain times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.09%	★★★★★★
CAC Holdings (TSE:4725)	4.85%	★★★★★★
Yamato Kogyo (TSE:5444)	4.03%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.25%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.54%	★★★★★★
GakkyushaLtd (TSE:9769)	4.38%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.83%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.21%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.45%	★★★★★★
E J Holdings (TSE:2153)	3.85%	★★★★★★

Click here to see the full list of 1937 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Kyokuto Boeki Kaisha (TSE:8093)

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

Overview: Kyokuto Boeki Kaisha, Ltd. is an engineering trading company operating both in Japan and internationally, with a market cap of ¥19.37 billion.

Operations: Kyokuto Boeki Kaisha, Ltd.'s revenue primarily stems from its Machine Part Related Department at ¥18.69 billion, followed by the Industrial Material Departments at ¥13.99 billion, and the Industrial Equipment Related Departments contributing ¥13.14 billion.

Dividend Yield: 4.4%

Kyokuto Boeki Kaisha's dividend yield of 4.36% ranks in the top 25% of the JP market, although its sustainability is questionable due to insufficient free cash flow coverage. The payout ratio stands at 76.9%, indicating earnings cover dividends, but not cash flows. Despite a notable earnings growth of 35.4% last year and a decade-long increase in dividend payments, past volatility and unreliability remain concerns for consistent income investors.

• Click here and access our complete dividend analysis report to understand the dynamics of Kyokuto Boeki Kaisha.
• According our valuation report, there's an indication that Kyokuto Boeki Kaisha's share price might be on the expensive side.

Advancetek EnterpriseLtd (TWSE:1442)

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

Overview: Advancetek Enterprise Co., Ltd. operates in Taiwan, focusing on the construction, rental, and sale of residential and commercial buildings, with a market cap of NT$25.85 billion.

Operations: Advancetek Enterprise Ltd generates its revenue primarily from the construction, rental, and sale of residential and commercial properties in Taiwan.

Dividend Yield: 4.8%

Advancetek Enterprise Ltd.'s dividend yield of 4.78% is among the top 25% in the TW market, supported by a low payout ratio of 35.5% and cash payout ratio of 17.4%, indicating strong coverage by earnings and cash flows. However, its dividends have been volatile over the past decade, raising concerns about reliability despite recent impressive earnings growth and increased sales for Q3 2024 to TWD 2.46 billion from TWD 301.31 million last year.

• Dive into the specifics of Advancetek EnterpriseLtd here with our thorough dividend report.
• According our valuation report, there's an indication that Advancetek EnterpriseLtd's share price might be on the cheaper side.

L&K Engineering (TWSE:6139)

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

Overview: L&K Engineering Co., Ltd. offers turnkey engineering services in Taiwan, Hong Kong, and internationally, with a market cap of NT$47.77 billion.

Operations: L&K Engineering Co., Ltd.'s revenue segments include NT$25.53 billion from L1 Company, NT$17.10 billion from L2 Company, and NT$37.77 billion directly from L&K Engineering Co., Ltd.

Dividend Yield: 4.1%

L&K Engineering's dividend yield of 4.08% is below the top 25% in the TW market, but its payout ratio of 50% and cash payout ratio of 13.2% indicate strong coverage by earnings and cash flows. Despite a history of volatility, recent earnings growth—98.5% over the past year—and increased sales to TWD 16.41 billion for Q3 2024 support its dividend sustainability, though reliability remains a concern due to past instability.

• Delve into the full analysis dividend report here for a deeper understanding of L&K Engineering.
• The analysis detailed in our L&K Engineering valuation report hints at an deflated share price compared to its estimated value.

Turning Ideas Into Actions

• Embark on your investment journey to our 1937 Top Dividend Stocks selection here.
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Contemplating Other Strategies?

• 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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