July 2024 Dividend Stocks Analysis

As global markets exhibit mixed performances with a notable pivot towards value and small-cap stocks, investors are navigating through a landscape marked by geopolitical tensions and technological disruptions. In this context, dividend stocks often attract attention for their potential to offer steady returns amid market volatility. A good dividend stock typically combines reliable payouts with strong business fundamentals, which can be particularly appealing in the current environment where economic indicators suggest resilience in consumer spending and industrial activity.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Allianz (XTRA:ALV)	5.26%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.97%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.51%	★★★★★★
Guaranty Trust Holding (NGSE:GTCO)	7.11%	★★★★★★
Globeride (TSE:7990)	3.88%	★★★★★★
James Latham (AIM:LTHM)	5.85%	★★★★★★
Kwong Lung Enterprise (TPEX:8916)	5.91%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.51%	★★★★★★
KurimotoLtd (TSE:5602)	4.24%	★★★★★★
GakkyushaLtd (TSE:9769)	4.11%	★★★★★★

Click here to see the full list of 2017 stocks from our Top Dividend Stocks screener.

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

Thrace Plastics Holding

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

Overview: Thrace Plastics Holding Company S.A. is engaged in the production and distribution of polypropylene products, operating both in Greece and internationally, with a market capitalization of approximately €182.17 million.

Operations: Thrace Plastics Holding Company S.A. generates €126.88 million from its packaging segment and €223.55 million from technical fabrics.

Dividend Yield: 5.6%

Thrace Plastics Holding, despite a recent decline in sales to EUR 88.35 million and net income to EUR 3.18 million in Q1 2024, maintains a dividend yield of 5.62%, ranking it among the top 25% of Greek market payers. However, its dividends face sustainability issues with a high cash payout ratio of 230.5%, indicating poor coverage by free cash flows. Additionally, its dividend payments have been volatile over the past decade, reflecting inconsistency in payouts despite a nominal increase over ten years.

• Click here to discover the nuances of Thrace Plastics Holding with our detailed analytical dividend report.

• Our expertly prepared valuation report Thrace Plastics Holding implies its share price may be lower than expected.

ATSE:PLAT Dividend History as at Jul 2024

Huntington Bancshares

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

Overview: Huntington Bancshares Incorporated serves as the bank holding company for The Huntington National Bank, offering commercial, consumer, and mortgage banking services across the United States with a market capitalization of approximately $21.58 billion.

Operations: Huntington Bancshares Incorporated generates its revenue through commercial, consumer, and mortgage banking services across the United States.

Dividend Yield: 4.1%

Huntington Bancshares recently declared dividends on multiple preferred stocks and maintained its common stock dividend at US$0.155, signaling a consistent payout despite a recent dip in earnings, with net income for Q2 2024 falling to US$474 million from US$559 million year-over-year. The company's dividends are currently supported by a moderate payout ratio of 58.1%, though projected to tighten slightly in the next three years. While its dividend yield of 4.13% is not among the market's highest, it remains competitive, reflecting Huntington’s commitment to shareholder returns amidst varying financial performance.

• Navigate through the intricacies of Huntington Bancshares with our comprehensive dividend report here.

• Our comprehensive valuation report raises the possibility that Huntington Bancshares is priced lower than what may be justified by its financials.

NasdaqGS:HBAN Dividend History as at Jul 2024

Atlantic Union Bankshares

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

Overview: Atlantic Union Bankshares Corporation serves as the holding company for Atlantic Union Bank, offering a range of banking and financial services to consumers and businesses in the United States, with a market capitalization of approximately $3.49 billion.

Operations: Atlantic Union Bankshares Corporation generates its revenue primarily through Consumer Banking and Wholesale Banking, with contributions of approximately $312.81 million and $292.95 million respectively.

Dividend Yield: 3.2%

Atlantic Union Bankshares has demonstrated a consistent approach to dividends, maintaining a stable dividend per share over the past decade and recently affirming a quarterly dividend of US$0.32 per common share, marking an approximate 7% increase from the previous year. Despite a dividend yield of 3.8%, which is below the top quartile of US market payers, its dividends are well-supported by earnings with a payout ratio of 45.6%. Recent board changes could influence governance but have yet to impact dividend policies directly.

• Click to explore a detailed breakdown of our findings in Atlantic Union Bankshares' dividend report.

• In light of our recent valuation report, it seems possible that Atlantic Union Bankshares is trading behind its estimated value.

NYSE:AUB Dividend History as at Jul 2024

Summing It All Up

• Explore the 2017 names from our Top Dividend Stocks screener here.

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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 ATSE:PLAT NasdaqGS:HBAN and NYSE:AUB.

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