Highlighting Three Dividend Stocks For December 2024

As global markets navigate a landscape marked by central banks’ rate adjustments and mixed economic signals, investors are increasingly turning their attention to the stability offered by dividend stocks. In this context of fluctuating indices and economic uncertainties, a good dividend stock is often characterized by its ability to provide consistent returns through reliable payouts, making it a potentially attractive option for those seeking income in unpredictable times.

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	7.12%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.62%	★★★★★★
Yamato Kogyo (TSE:5444)	4.00%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.35%	★★★★★★
GakkyushaLtd (TSE:9769)	4.41%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	3.96%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.36%	★★★★★★
E J Holdings (TSE:2153)	3.83%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.67%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.44%	★★★★★★

Click here to see the full list of 1829 stocks from our Top Dividend Stocks screener.

Let’s dive into some prime choices out of the screener.

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

Overview: Ashimori Industry Co., Ltd. manufactures and sells automotive safety systems in Japan and internationally, with a market cap of approximately ¥15.44 billion.

Operations: Ashimori Industry Co., Ltd. generates revenue primarily from its Automotive Safety Parts Business, which accounts for ¥51.79 billion, and its Functional Product Business, contributing ¥19.91 billion.

Dividend Yield: 3.9%

Ashimori Industry’s dividends are well covered by both earnings and cash flows, with payout ratios of 27.3% and 25.7%, respectively. Despite a top-tier dividend yield of 3.9% in the Japanese market, the company’s dividend history is unreliable due to volatility over the past decade. However, recent earnings growth of 72.4% suggests potential for future stability, though large one-off items have impacted financial results. The stock’s P/E ratio of 7x indicates good value compared to the market average.

TSE:3526 Dividend History as at Dec 2024

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

Overview: Tokyo Tekko Co., Ltd. manufactures and sells steel products for the construction industry in Japan, with a market cap of ¥56.75 billion.

Operations: Tokyo Tekko Co., Ltd.’s revenue primarily comes from its steel products tailored for the construction sector.

Dividend Yield: 5.2%

Tokyo Tekko’s dividend payments are well covered by earnings and cash flows, with payout ratios of 20.2% and 32.8%, respectively. Despite a top-tier yield of 5.18% in Japan, the dividends have been volatile over the past decade, raising concerns about reliability. The recent share buyback program worth ¥500 million aims to enhance shareholder returns and improve capital efficiency amid business environment changes, potentially supporting future dividend stability despite past volatility.

TSE:5445 Dividend History as at Dec 2024

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

Overview: i-mobile Co., Ltd. operates in the Internet advertising sector in Japan and has a market cap of ¥31.81 billion.

Operations: i-mobile Co., Ltd. generates its revenue primarily from the Internet advertising sector in Japan.

Dividend Yield: 4.7%

i-mobile Ltd. has increased its dividend payments over the past four years, offering a top-tier yield of 4.71% in Japan. While dividends are well covered by earnings and cash flows, with payout ratios of 84.4% and 45%, respectively, profit margins have declined from last year. The company trades at a significant discount to its estimated fair value, but its short dividend history may raise concerns about long-term reliability despite stable payments so far.

TSE:6535 Dividend History as at Dec 2024

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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.

Companies discussed in this article include TSE:3526 TSE:5445 and TSE:6535.

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