Top Dividend Stocks To Consider In December 2024

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As global markets continue to experience gains, with major indices like the Dow Jones Industrial Average and S&P 500 reaching record highs, investors are navigating a landscape shaped by geopolitical developments and domestic policy shifts. Amidst this backdrop of economic activity, dividend stocks remain an attractive option for those seeking steady income streams; their appeal is further amplified in times of market volatility where consistent returns can offer a measure of stability.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Guaranty Trust Holding (NGSE:GTCO)

7.01%

★★★★★★

Peoples Bancorp (NasdaqGS:PEBO)

4.53%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.27%

★★★★★★

GakkyushaLtd (TSE:9769)

4.63%

★★★★★★

Padma Oil (DSE:PADMAOIL)

7.08%

★★★★★★

Financial Institutions (NasdaqGS:FISI)

4.46%

★★★★★★

Nihon Parkerizing (TSE:4095)

3.92%

★★★★★★

Premier Financial (NasdaqGS:PFC)

4.44%

★★★★★★

Citizens & Northern (NasdaqCM:CZNC)

5.44%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.89%

★★★★★★

Click here to see the full list of 1967 stocks from our Top Dividend Stocks screener.

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

MFE-Mediaforeurope

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

Overview: MFE-Mediaforeurope N.V. operates in the television industry in Italy and Spain, with a market cap of €1.87 billion.

Operations: MFE-Mediaforeurope N.V. generates its revenue primarily from television operations in Italy and Spain.

Dividend Yield: 6.3%

MFE-Mediaforeurope's dividend yield is among the top in Italy, supported by a payout ratio of 61.8% and cash flow coverage at 41.9%, indicating sustainability. However, its dividend history shows volatility with significant drops over the past decade, raising concerns about reliability. Despite this, recent earnings growth and undervaluation relative to peers highlight potential for future stability if earnings continue to improve as forecasted at 13.24% annually.

BIT:MFEB Dividend History as at Dec 2024
BIT:MFEB Dividend History as at Dec 2024

Anhui Hengyuan Coal Industry and Electricity PowerLtd

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

Overview: Anhui Hengyuan Coal Industry and Electricity Power Co., Ltd is involved in the mining, production, washing, sale, and transportation of coal in China with a market cap of CN¥11.45 billion.

Operations: The company's revenue from its industrial segment is CN¥7.23 billion.

Dividend Yield: 8.9%

Anhui Hengyuan Coal Industry and Electricity Power Ltd offers a high dividend yield of 8.92%, placing it among the top dividend payers in China. However, its dividends have been unreliable and volatile over the past decade, with a payout ratio of 75.7% covered by earnings but not by free cash flows due to a cash payout ratio of 107.7%. Recent earnings have declined significantly, impacting profit margins from last year's performance.