Top Dividend Stocks To Watch In June 2024

In This Article:

As global markets exhibit a mix of narrow advances and geopolitical tensions, investors are keenly observing the performance indices and economic indicators that shape market dynamics. In this climate, dividend stocks remain a cornerstone for those seeking potential stability and steady income streams amidst fluctuating conditions.

Top 10 Dividend Stocks

Name

Dividend Yield

Dividend Rating

Allianz (XTRA:ALV)

5.35%

★★★★★★

Guaranty Trust Holding (NGSE:GTCO)

7.44%

★★★★★★

Huntington Bancshares (NasdaqGS:HBAN)

4.98%

★★★★★★

Globeride (TSE:7990)

3.67%

★★★★★★

FALCO HOLDINGS (TSE:4671)

6.77%

★★★★★★

Kwong Lung Enterprise (TPEX:8916)

5.87%

★★★★★★

KurimotoLtd (TSE:5602)

5.05%

★★★★★★

Banque Cantonale Vaudoise (SWX:BCVN)

4.44%

★★★★★★

GakkyushaLtd (TSE:9769)

4.14%

★★★★★★

Innotech (TSE:9880)

4.05%

★★★★★★

Click here to see the full list of 1971 stocks from our Top Dividend Stocks screener.

Let's take a closer look at a couple of our picks from the screened companies.

Sogefi

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

Overview: Sogefi S.p.A. is an Italian company that specializes in designing, developing, and manufacturing filtration systems, suspension components, air management products, and engine cooling systems for the automotive sector across Europe, South America, North America, and Asia, with a market capitalization of approximately €401.40 million.

Operations: Sogefi S.p.A. generates revenue from its suspensions segment at €565.71 million and air and cooling systems at €485.65 million.

Dividend Yield: 5.9%

Sogefi offers a dividend yield of 5.91%, ranking in the upper quartile of Italian dividend payers. Despite its recent initiation into dividend payments, making long-term reliability unclear, both earnings and cash flows currently support the dividends with a payout ratio at 36.8% and cash payout ratio at 89%. However, forecasted earnings are expected to decline by an average of 7% annually over the next three years. The company's share price has been highly volatile recently, despite trading at a valuation perceived as below fair value by 6.9%.

BIT:SGF Dividend History as at Jun 2024
BIT:SGF Dividend History as at Jun 2024

Italtile

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

Overview: Italtile Limited is a South African company specializing in the manufacture and retail of tiles, bathroom ware, and related products, with a market capitalization of approximately ZAR 13.19 billion.

Operations: Italtile Limited generates its revenue primarily from three segments: retail which contributes ZAR 5.22 billion, manufacturing at ZAR 5.20 billion, and supply and support services with ZAR 2.34 billion.