Yahoo Finance Top Three Dividend Stocks For July 2024
As global markets exhibit mixed performances with a notable shift towards value and small-cap stocks, investors are navigating through a landscape marked by geopolitical tensions and economic surprises. In such an environment, dividend stocks can offer a semblance of stability and predictable returns, making them an appealing option for those looking to balance risk in their investment portfolios.
Top 10 Dividend Stocks
Name | Dividend Yield | Dividend Rating |
Yamato Kogyo (TSE:5444) | 3.83% | ★★★★★★ |
Allianz (XTRA:ALV) | 5.26% | ★★★★★★ |
Premier Financial (NasdaqGS:PFC) | 4.84% | ★★★★★★ |
Business Brain Showa-Ota (TSE:9658) | 3.58% | ★★★★★★ |
Guaranty Trust Holding (NGSE:GTCO) | 7.10% | ★★★★★★ |
Globeride (TSE:7990) | 3.92% | ★★★★★★ |
KurimotoLtd (TSE:5602) | 4.31% | ★★★★★★ |
James Latham (AIM:LTHM) | 5.77% | ★★★★★★ |
Banque Cantonale Vaudoise (SWX:BCVN) | 4.54% | ★★★★★★ |
Innotech (TSE:9880) | 4.28% | ★★★★★★ |
Click here to see the full list of 2023 stocks from our Top Dividend Stocks screener.
Here we highlight a subset of our preferred stocks from the screener.
Scancom
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Scancom Plc operates as a telecommunications service provider in Ghana, with a market capitalization of approximately GHS 29.52 billion.
Operations: Scancom Plc generates GHS 14.30 billion from its wireless communications services.
Dividend Yield: 10%
Scancom Plc (MTNGH) offers a robust dividend yield of 10%, ranking in the top 25% within the GH market. Despite a less consistent dividend history, its dividends are well-supported by both earnings and cash flows, with payout ratios at 69.8% and 78% respectively. The company's earnings have seen significant growth, up by 50.3% over the past year, while revenue is projected to increase annually by 17.77%. However, shareholder dilution occurred over the past year, and MTNGH has been distributing dividends for under a decade.
Philippine Seven
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Philippine Seven Corporation operates a chain of convenience stores across the Philippines and has a market capitalization of approximately ₱90.24 billion.
Operations: Philippine Seven Corporation generates revenue primarily through its convenience store operations, totaling approximately ₱82.60 billion.
Dividend Yield: 8%
Philippine Seven reported a solid first quarter with revenues up to PHP 20.92 billion and net income rising to PHP 639.25 million. Recent dividend affirmation includes a payout of PHP 9.60 per share, scheduled for June 4, maintaining its appeal among high-yield seekers with an annual yield of 8.05%. However, the dividend history is marked by volatility and inconsistency over the past decade, raising concerns about future reliability despite a reasonable cash payout ratio of 66.8%. Recent corporate governance adjustments aim to streamline operations by reducing board members from 11 to 9, potentially impacting strategic decisions moving forward.
Eagle IndustryLtd
Simply Wall St Dividend Rating: ★★★★★★
Overview: Eagle Industry Co., Ltd. operates in the manufacturing, marketing, and sale of mechanical seals, special valves, and other sealed products both domestically in Japan and internationally, with a market capitalization of approximately ¥84.96 billion.
Operations: Eagle Industry Co., Ltd. generates revenue primarily from the Automobile and Construction Machinery Industry (¥90.63 billion), followed by the General Industrial Machinery Industry excluding Semiconductor (¥38.59 billion), with additional contributions from the Semiconductor Industry (¥15.08 billion), Marine Industry (¥14.99 billion), and Aerospace Industry (¥8.05 billion).
Dividend Yield: 3.9%
Eagle Industry Co., Ltd. recently raised its dividend forecast to JPY 45.00 per share for both interim and year-end, reflecting a positive adjustment from previous estimates of JPY 40.00 per share. This revision aligns with an improved earnings outlook, where net sales are expected to hit JPY 169 billion and profit attributable to owners at JPY 8 billion for the fiscal year ending March 31, 2025. The company's dividends have demonstrated reliability and growth over the past decade, supported by a sustainable payout ratio of 49.7% and cash payout ratio of 61.5%, ensuring dividends are well-covered by earnings and cash flow respectively.
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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 GHSE:MTNGH PSE:SEVN and TSE:6486.
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