Top Dividend Stocks to Consider in December 2024

Operations: The revenue segments of Matrix IT Ltd. include training and implementation (₪168.67 million), cloud and computing infrastructure (₪1.53 billion), software product marketing and support (₪443.21 million), information technology solutions and services in the United States (₪478.56 million), and information technology solutions, consulting and management in Israel (₪3.14 billion).

Dividend yield: 3.3%

Matrix IT's dividend profile shows strengths and weaknesses. Although dividends have grown steadily over the past decade, the current yield of 3.26% is among the highest payers in the IL market. Earnings growth has been strong at 11.3% per annum over the past five years, but a high payout ratio of 124% indicates that dividends are not covered by profits, although cash flows do cover them adequately with a payout ratio of 32%. The stock is trading significantly below its estimated fair value, indicating potential upside if financials improve.

Simply Wall St dividend rating: ★★★★☆☆

Overview: Topre Corporation is a manufacturer and marketer of automotive parts, temperature-controlled logistics products, air conditioning systems and electronic equipment in Japan, the United States, China, Mexico, Thailand, Indonesia and India with a market capitalization of ¥99.03 billion.

Operations: Topre Corporation's revenues come primarily from its press-related product business, which generates ¥299.27 billion, and from its thermostat-related segment, which contributes ¥53.85 billion.

Dividend yield: 3.6%

Topre Corporation's dividend profile shows a mixed picture. Recent announcements indicate an increase in dividends, with the payout rising to ¥35 per share in the second quarter, up from ¥25 the year before. Despite a low payout ratio of 21.7%, indicating strong cash flow coverage, the dividend yield remains lower than that of the top payers in the Japanese market. However, profit margins have fallen and past dividend payments have been volatile and unreliable over the past decade despite recent growth.

This article from Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts using only an unbiased methodology and our articles are not intended as financial advice. It is not 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 targeted, long-term analysis based on fundamental data. Please note that our analysis may not take into account the latest price-sensitive company announcements or quality material. Simply Wall St has no positions in the stocks mentioned.

Companies discussed in this article include SEHK:3393 TASE:MTRX and TSE:5975.

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