As global markets continue to navigate a landscape marked by mixed performances across major indexes and geopolitical uncertainties, investors are increasingly seeking stability through dividend stocks. In this context, the Bank of the Philippine Islands joins two leading dividend stocks as examples of investments that can potentially offer consistent returns amidst fluctuating market conditions.
Top 10 Dividend Stocks
Name
Dividend Yield
Dividend Rating
Tsubakimoto Chain (TSE:6371)
4.26%
★★★★★★
CAC Holdings (TSE:4725)
4.72%
★★★★★★
GakkyushaLtd (TSE:9769)
4.48%
★★★★★★
Yamato Kogyo (TSE:5444)
3.97%
★★★★★★
Guangxi LiuYao Group (SHSE:603368)
3.12%
★★★★★★
Padma Oil (DSE:PADMAOIL)
7.41%
★★★★★★
China South Publishing & Media Group (SHSE:601098)
Overview: Bank of the Philippine Islands, with a market cap of ₱685.37 billion, offers a range of financial products and services to both retail and corporate clients in the Philippines through its subsidiaries.
Operations: Bank of the Philippine Islands generates revenue through its diverse financial offerings tailored to both individual and business clients in the Philippines.
Dividend Yield: 2.9%
Bank of the Philippine Islands recently declared a cash dividend of PHP 1.98 per share, payable on December 20, 2024. The bank's dividend payments have been stable and growing over the past decade, supported by strong earnings growth, with a net income increase to PHP 17.42 billion in Q3 2024. Despite its lower yield compared to top-tier payers in the Philippines market, BPI maintains a sustainable payout ratio of 29.9%, ensuring dividends are well covered by earnings.
Overview: Dong-E-E-Jiao Co., Ltd. is involved in the research, development, production, and sale of Ejiao along with various Chinese patent medicines and health foods, with a market cap of CN¥37.66 billion.
Operations: The company's revenue is primarily derived from the operation of Ejiao and its related products, amounting to CN¥5.62 billion.
Dividend Yield: 3.8%
Dong-E-E-Jiao Ltd. offers a dividend yield of 3.79%, placing it among the top 25% of dividend payers in China. However, its high payout ratio of 123.8% indicates dividends are not well covered by earnings, though they are supported by cash flows with a cash payout ratio of 72.7%. Despite recent earnings growth and trading below fair value estimates, the company's dividend history has been volatile over the past decade, raising sustainability concerns.
Overview: Yamaha Motor Co., Ltd. operates in land mobility, marine products, robotics, financial services, and other sectors globally, with a market cap of ¥1.33 trillion.
Operations: Yamaha Motor Co., Ltd.'s revenue segments include Land Mobility at ¥1.71 billion, Marine Products at ¥531.65 million, Robotics at ¥108.26 million, and Financial Services at ¥109.32 million.
Dividend Yield: 3.6%
Yamaha Motor's dividend yield of 3.61% is slightly below the top 25% in Japan, with a payout ratio of 32.1%, indicating dividends are well covered by earnings but less so by cash flows at an 87.4% cash payout ratio. Despite past volatility and unreliability in dividend payments, recent strategic moves like acquiring Torqeedo to enhance electric propulsion offerings could support future growth, though high debt levels remain a concern for financial stability.
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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 PSE:BPI SZSE:000423 and TSE:7272.
