Top Dividend Stocks On The Japanese Exchange In October 2024

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In October 2024, Japan's stock markets have experienced notable gains, with the Nikkei 225 Index rising by 2.45% and the broader TOPIX Index up by 0.45%, bolstered by yen weakness which has improved profit outlooks for exporters. Amidst these favorable conditions, dividend stocks on the Japanese exchange present an attractive opportunity for investors seeking stable income streams in a dynamic market environment.

Top 10 Dividend Stocks In Japan

Name

Dividend Yield

Dividend Rating

Yamato Kogyo (TSE:5444)

4.19%

★★★★★★

Tsubakimoto Chain (TSE:6371)

4.16%

★★★★★★

Globeride (TSE:7990)

4.24%

★★★★★★

Intelligent Wave (TSE:4847)

3.95%

★★★★★★

KurimotoLtd (TSE:5602)

5.29%

★★★★★★

Mitsubishi Research Institute (TSE:3636)

3.76%

★★★★★★

Innotech (TSE:9880)

4.83%

★★★★★★

CAC Holdings (TSE:4725)

4.58%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.23%

★★★★★★

GakkyushaLtd (TSE:9769)

4.51%

★★★★★★

Click here to see the full list of 447 stocks from our Top Japanese Dividend Stocks screener.

We're going to check out a few of the best picks from our screener tool.

Vector

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

Overview: Vector Inc. operates in public relations, advertising, press release and video distribution, direct marketing, media, investment, and human resources sectors across Japan, China, and internationally with a market cap of ¥45.68 billion.

Operations: Vector Inc.'s revenue is primarily derived from its operations in public relations, advertising, press and video distribution, direct marketing, media, investment, and human resources across various regions.

Dividend Yield: 3.2%

Vector Inc. recently revised its dividend policy, increasing the year-end dividend forecast to JPY 32 per share from JPY 31, reflecting a commitment to shareholder returns despite a lowered earnings forecast. The company's dividends are well-covered by earnings and cash flows, with payout ratios of 30.6% and 41%, respectively. However, its dividend yield is below top-tier levels in Japan, and past payments have been volatile. Vector trades at a good value relative to peers.

TSE:6058 Dividend History as at Oct 2024
TSE:6058 Dividend History as at Oct 2024

77 Bank

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

Overview: The 77 Bank, Ltd., along with its subsidiaries, offers banking products and services to both corporate and individual customers in Japan, with a market cap of ¥308.79 billion.

Operations: The 77 Bank, Ltd. generates revenue through its banking products and services provided to corporate and individual clients in Japan.

Dividend Yield: 3.4%