Dividend Stocks to Consider in December 2024

As global markets enter a period of cautious optimism following the Fed’s latest interest rate cut and ongoing political uncertainties, investors are closely watching how these factors affect market stability. In this environment, dividend stocks can offer some resilience and income potential, making them an attractive option for those looking to balance risk with stable returns.

Name	Dividend Yield	Dividend Rating
Garanti Güveni Holding (NGSE:GTCO)	6.38%	★★★★★★
People’s Bancorp (NasdaqGS:PEBO)	4.93%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.09%	★★★★★★
Yamato Kogyo (TSE:5444)	4.03%	★★★★★★
Padma Oil (DSE:PADMAOIL)	7.54%	★★★★★★
Southside Bancshares (NYSE:SBSI)	4.52%	★★★★★★
EJ Holding (TSE:2153)	3.85%	★★★★★★
Citizens and the North (NasdaqCM:CZNC)	5.96%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.71%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.22%	★★★★★★

Click here to see the complete list of 1933 stocks from our Top Dividend Stocks browser.

Let’s examine a few options that stand out from the results in the eliminator.

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

Overview: Xinyi Solar Holdings Limited is an investment holding company with a market capitalization of HK$28.69 billion that manufactures and sells solar glass products in the People’s Republic of China and internationally.

Operations: Xinyi Solar Holdings Limited generates revenue mainly from sales of solar glass amounting to HK$24.04 billion and from its solar farm business, including EPC services, which contribute HK$3.03 billion.

Dividend Yield: 8%

Xinyi Solar Holdings offers a dividend yield of 8.04%, ranking it in the top 25% of dividend payers in Hong Kong. But over the past decade its dividends have been unreliable and unstable; Despite a low payout ratio of 46.8%, payouts were not fully covered by free cash flow. The company is showing strong earnings growth, up HK$43.9 billion last year, and is trading slightly below its estimated fair value.

SEHK:968 Dividend History as of December 2024

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

Overview: Sansiri Public Company Limited operates in Thailand’s real estate development sector through its subsidiaries, with a market capitalization of THB 30.43 billion.

Operations: Sansiri’s revenue mainly comes from Real Estate at 35.79 billion THB, Building Management, Project Management and Real Estate Brokerage at 2.13 billion THB, and Hotel Management contributing 553 million THB.

Dividend Yield: 7.8%

Sansiri’s dividend yield of 7.82% places it in the top 25% of payers in the Thai market, but its dividends have been volatile and unreliable over the past decade. Despite this, the payout ratio of 57.4% shows that dividends are covered by earnings and cash flows. Recent earnings are down; net income decreased to 1.31 billion THB in Q3 from 1.56 billion THB annually; This points to potential challenges ahead in maintaining payments.

SET:SIRI Dividend History, as of December 2024

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

Overview: San-in Godo Bank, Ltd., together with its subsidiaries, offers a variety of banking products and services to individual and corporate customers in Japan with a market capitalization of ¥190.78 billion.

Operations: San-in Godo Bank, Ltd. derives its revenue from its Banking Sector amounting to ¥108.72 billion and its Leasing Business contributing ¥16.31 billion.

Dividend Yield: 3.8%

San-in Godo Bank’s dividend yield is in the top 25% in Japan, but its dividends have been unstable and unreliable over the past decade. Despite the low payout ratio of 37.2%, which indicates earnings coverage, the bank’s provision for bad loans is at a low level of 73%. Recent events include a dividend increase of JPY 24.00 per share and revised earnings guidance, with an expected consolidated profit of JPY 18.2 billion for the fiscal year ending March 2025.

TSE:8381 Dividend History as of December 2024

This article written by Simply Wall St is general in nature. We only provide commentary based on historical data and analyst estimates using an unbiased methodology, and our articles do not constitute financial advice. It does not constitute a recommendation to buy or sell any stock and does not take into account your objectives or financial situation. We aim to provide you with long-term focused analysis driven by fundamental data. Note that our analysis may not take into account 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 SEHK:968 SET:SIRI and TSE:8381.

Do you have feedback on this article? Worried about content? Contact us directly with us. Alternatively email [email protected].