Top Dividend Stocks To Consider In October 2024
In This Article:
As global markets navigate the impact of rising U.S. Treasury yields, with the S&P 500 Index experiencing a downturn after six weeks of gains, investors are increasingly focused on strategies that can provide stability and income in uncertain times. In this environment, dividend stocks are often considered attractive due to their potential for providing steady returns through regular payouts, offering a buffer against market volatility while contributing to long-term portfolio growth.
Top 10 Dividend Stocks
| Name | Dividend Yield | Dividend Rating |
| Tsubakimoto Chain (TSE:6371) | 4.17% | ★★★★★★ |
| Guangxi LiuYao Group (SHSE:603368) | 3.30% | ★★★★★★ |
| Globeride (TSE:7990) | 4.26% | ★★★★★★ |
| Intelligent Wave (TSE:4847) | 3.97% | ★★★★★★ |
| Wuliangye YibinLtd (SZSE:000858) | 3.14% | ★★★★★★ |
| Innotech (TSE:9880) | 4.73% | ★★★★★★ |
| CAC Holdings (TSE:4725) | 4.60% | ★★★★★★ |
| FALCO HOLDINGS (TSE:4671) | 6.56% | ★★★★★★ |
| E J Holdings (TSE:2153) | 3.82% | ★★★★★★ |
| GakkyushaLtd (TSE:9769) | 4.61% | ★★★★★★ |
Click here to see the full list of 2030 stocks from our Top Dividend Stocks screener.
Let's explore several standout options from the results in the screener.
Colruyt Group
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: Colruyt Group N.V., with a market cap of €5.32 billion, operates in retail, wholesale, food service, and other activities across Belgium, France, and internationally through its subsidiaries.
Operations: Colruyt Group's revenue is primarily derived from its retail segment at €9.65 billion and its wholesale and food service segment at €1.41 billion, with additional income from other activities amounting to €165.20 million.
Dividend Yield: 3.2%
Colruyt Group's dividend yield of 3.23% is lower than the top 25% of Belgian dividend payers, and its dividend history has been unreliable over the past decade due to volatility. However, dividends are well-covered by both earnings and cash flow, with payout ratios at 16.2% and 15.9%, respectively. Despite a recent significant earnings growth of €410 million, future earnings are expected to decline sharply by an average of 37.5% annually over the next three years.
One Software Technologies
Simply Wall St Dividend Rating: ★★★★☆☆
Overview: One Software Technologies Ltd offers software, hardware, and integration services with a market cap of ?3.94 billion.
Operations: One Software Technologies Ltd generates revenue from Infrastructure and Computing Solutions (?1.23 billion), Outsourcing of Business Processes and Technological Support Centers (?321.95 million), and Software Solutions and Services, Consulting, Management, and Value-Added Services (?2.32 billion).