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August 2024's Best Dividend Stocks For Steady Income

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As global markets navigate volatility and economic uncertainties, investors are increasingly seeking stable income sources. Despite recent fluctuations in major indices and mixed economic signals, dividend stocks remain a reliable option for those looking to secure steady returns. In light of the current market conditions, selecting dividend stocks with strong fundamentals and consistent payout histories can provide a buffer against market turbulence while ensuring regular income.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Tsubakimoto Chain (TSE:6371)

3.93%

★★★★★★

Allianz (XTRA:ALV)

5.24%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

7.03%

★★★★★★

Premier Financial (NasdaqGS:PFC)

5.21%

★★★★★★

Huntington Bancshares (NasdaqGS:HBAN)

4.50%

★★★★★★

KurimotoLtd (TSE:5602)

4.92%

★★★★★★

Business Brain Showa-Ota (TSE:9658)

3.96%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

6.39%

★★★★★★

James Latham (AIM:LTHM)

6.03%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.58%

★★★★★★

Click here to see the full list of 2053 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Multipolar Technology

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

Overview: PT Multipolar Technology Tbk offers IT services and solutions in Indonesia, with a market cap of IDR3.18 billion.

Operations: PT Multipolar Technology Tbk generates revenue primarily from its Consultation, Integration, and Information Technology Management segment, which amounts to IDR3.36 billion.

Dividend Yield: 6.3%

Multipolar Technology's recent earnings report shows a significant increase in net income, rising from IDR 77.13 million to IDR 239.66 million year-over-year. However, its dividend reliability is questionable due to historical volatility and a high cash payout ratio of 170.2%, indicating dividends are not well covered by cash flows. Despite this, the company's payout ratio of 51.8% suggests dividends are covered by earnings, and its dividend yield of 6.31% places it in the top tier of Indonesian market payers.

IDX:MLPT Dividend History as at Aug 2024
IDX:MLPT Dividend History as at Aug 2024

B-Lot

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

Overview: B-Lot Company Limited operates in the real estate and financial consulting sectors in Japan, with a market cap of ¥18.16 billion.

Operations: B-Lot Company Limited generates revenue through its real estate and financial consulting businesses in Japan.

Dividend Yield: 5.1%