3 Promising Dividend Stocks For December 2024

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As global markets continue to reach record highs, buoyed by gains in major indices like the Dow Jones Industrial Average and S&P 500, investors are keenly observing the interplay of domestic policy and geopolitical factors that are shaping economic sentiment. Amidst this backdrop, dividend stocks present an appealing option for those seeking stability and income, especially as they can offer a reliable stream of returns even when market volatility is influenced by events such as tariff announcements or inflationary pressures.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Tsubakimoto Chain (TSE:6371)

4.16%

★★★★★★

GakkyushaLtd (TSE:9769)

4.67%

★★★★★★

CAC Holdings (TSE:4725)

4.58%

★★★★★★

Yamato Kogyo (TSE:5444)

3.88%

★★★★★★

Guangxi LiuYao Group (SHSE:603368)

3.20%

★★★★★★

Padma Oil (DSE:PADMAOIL)

6.64%

★★★★★★

China South Publishing & Media Group (SHSE:601098)

4.33%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.83%

★★★★★★

HUAYU Automotive Systems (SHSE:600741)

4.34%

★★★★★★

E J Holdings (TSE:2153)

3.91%

★★★★★★

Click here to see the full list of 1964 stocks from our Top Dividend Stocks screener.

Let's uncover some gems from our specialized screener.

Dubai Insurance Company (P.S.C.)

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

Overview: Dubai Insurance Company (P.S.C.) offers a range of insurance products for individuals and corporates in the United Arab Emirates, with a market cap of AED1.27 billion.

Operations: The company's revenue segments include Life and Medical insurance, generating AED542.59 million, and Motor and General insurance, contributing AED630.70 million.

Dividend Yield: 5.5%

Dubai Insurance Company (P.S.C.) offers a reliable dividend with a payout ratio of 53.6%, indicating dividends are well-covered by earnings. Although the cash payout ratio is higher at 80.1%, it remains sustainable. The company has consistently grown its dividends over the past decade, despite recent declines in net income and profit margins. With a stable share price and an attractive P/E ratio of 9.7x, DIN presents a balanced option for dividend investors, although its yield is below top-tier levels in the AE market.

DFM:DIN Dividend History as at Dec 2024
DFM:DIN Dividend History as at Dec 2024

Musashino Bank

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

Overview: The Musashino Bank, Ltd., along with its subsidiaries, offers banking products and financial services in Japan and has a market cap of ¥98.48 billion.

Operations: Musashino Bank generates revenue through its banking products and financial services in Japan.