Top Dividend Stocks To Consider In October 2024

As global markets grapple with rising U.S. Treasury yields, which have pressured stocks and led to a mixed performance across major indices, investors are increasingly seeking stability in their portfolios. In such an environment, dividend stocks can offer a reliable income stream and potential for capital appreciation, making them an attractive consideration for those looking to navigate current market uncertainties.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.94%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.08%	★★★★★★
Globeride (TSE:7990)	4.02%	★★★★★★
Intelligent Wave (TSE:4847)	3.93%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.90%	★★★★★★
CAC Holdings (TSE:4725)	4.60%	★★★★★★
Premier Financial (NasdaqGS:PFC)	5.00%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	6.35%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.87%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 2013 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

ID Holdings (TSE:4709)

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

Overview: ID Holdings Corporation offers information technology (IT) services in Japan and has a market cap of ¥22.98 billion.

Operations: ID Holdings Corporation generates revenue from its Information Services Business segment, amounting to ¥33.35 billion.

Dividend Yield: 3.4%

ID Holdings' dividend is well-covered by earnings (payout ratio: 48.8%) and cash flows (cash payout ratio: 69.2%), indicating sustainability, though past payments have been volatile with annual drops over 20%. The current yield of 3.38% is below the top tier in Japan, yet dividends have grown over the last decade. Despite trading at a significant discount to its estimated fair value, investors should consider its unstable dividend history when evaluating it as a dividend stock.

• Click to explore a detailed breakdown of our findings in ID Holdings' dividend report.
• The valuation report we've compiled suggests that ID Holdings' current price could be quite moderate.

Paramount Bed Holdings (TSE:7817)

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

Overview: Paramount Bed Holdings Co., Ltd. manufactures and sells beds, mattresses, and equipment for medical and nursing care in Japan, with a market cap of approximately ¥142.80 billion.

Operations: Paramount Bed Holdings Co., Ltd. generates its revenue primarily from its Healthcare-Related Business segment, which accounts for ¥104.84 billion.

Dividend Yield: 3.7%

Paramount Bed Holdings' dividend payments are well-covered by earnings, given a payout ratio of 40.4%, but not by cash flows due to a high cash payout ratio of 169.5%. The dividend yield is slightly below the top tier in Japan at 3.67%. Despite stable and growing dividends over the past decade, sustainability concerns arise from insufficient free cash flow coverage. A recent share buyback program aims to enhance shareholder returns and capital efficiency.

• Dive into the specifics of Paramount Bed Holdings here with our thorough dividend report.
• Our valuation report here indicates Paramount Bed Holdings may be undervalued.

Topkey (TWSE:4536)

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

Overview: Topkey Corporation engages in the production, processing, sale, and trade of sporting products globally with a market capitalization of NT$20.98 billion.

Operations: Topkey Corporation's revenue primarily comes from Sports and Leisure Products, contributing NT$6.45 billion, followed by Aerospace Medical Products at NT$719.43 million.

Dividend Yield: 3.7%

Topkey's dividend yield of 3.68% trails behind the top quarter of Taiwan's dividend payers. While dividends are supported by a payout ratio of 55.2% and cash flow coverage at 50.3%, they have been volatile over the past decade, raising concerns about reliability. Recent earnings showed a decline in both sales and net income compared to last year, which may impact future dividend stability, especially after its recent delisting from OTC Equity due to inactivity.

• Click here to discover the nuances of Topkey with our detailed analytical dividend report.
• Our expertly prepared valuation report Topkey implies its share price may be lower than expected.

Seize The Opportunity

• Embark on your investment journey to our 2013 Top Dividend Stocks selection 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.
• Simply Wall St is your key to unlocking global market trends, a free user-friendly app for forward-thinking investors.

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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