Top 41 Stocks that Pay Dividends in December – 2024

Are you seeking lucrative dividend opportunities this December?

Amidst the year-end hustle, the search for secure and fruitful investment options remains paramount. Investors often find themselves seeking robust opportunities that guarantee steady returns. 

Whether you’re a seasoned investor or just setting foot into the world of dividends, exploring the promising landscape of stocks that pay dividends this December could be your ticket to a financially rewarding end of the year. 

Let’s delve into a comprehensive guide to some of the most promising options available.

Best Stocks that Pay Dividends in December

Stag Industrial

With a notable dividend yield of 4.50%, Stag Industrial captivates investors seeking steady returns. However, its high payout ratio of 145.30% demands cautious consideration regarding its long-term dividend sustainability.

>> Stag Industrial Dividend History

American Electric Power

Boasting a reliable 4.67% dividend yield, American Electric Power appeals to income-focused investors. Its moderate 85.16% payout ratio suggests a stable dividend outlook, underlining its potential as a secure investment option.

>> American Electric Power Dividend History

Becton Dickinson

Becton Dickinson presents a modest 1.45% dividend yield, making it an option for investors prioritizing capital appreciation. Its manageable 65.10% payout ratio indicates a sustainable dividend distribution strategy, enhancing its appeal for long-term portfolios.

>> Becton Dickinson Dividend History

Cummins

Offering a respectable 3.09% dividend yield, Cummins appeals to investors seeking a balance between income and growth. Its conservative 35.16% payout ratio suggests a stable dividend policy, making it an attractive prospect for cautious investors.

>> Cummins Dividend History

Duke Energy

Duke Energy’s solid 4.62% dividend yield positions it as an appealing choice for income-oriented investors. Despite its 86.08% payout ratio, the company’s stable cash flow and essential services indicate a potentially sustainable dividend in the foreseeable future.

>> Duke Energy Dividend History

Church & Dwight

With a modest dividend yield of 1.20%, Church & Dwight targets investors emphasizing capital appreciation. Its reasonable 59.12% payout ratio suggests a sustainable dividend distribution, highlighting its potential as a stable, long-term investment.

>> Church & Dwight Dividend History

Aflac

Aflac offers a competitive 2.17% dividend yield, attracting investors seeking a blend of income and growth. Its conservative 21.98% payout ratio reflects a sound dividend distribution policy, underlining its reliability as a stable investment option.

>> Aflac Dividend History

Amcor

With an impressive 5.53% dividend yield, Amcor allures income-focused investors seeking substantial returns. Its moderate 69.15% payout ratio indicates a stable dividend distribution, underscoring its potential as a reliable income-generating asset.

>> Amcor Dividend History

Atmos Energy

Atmos Energy’s 2.78% dividend yield makes it an attractive option for investors aiming for a balance between income and growth. Its moderate 49.91% payout ratio signifies a sustainable dividend policy, positioning it as a stable long-term investment.

>> Atmos Energy Dividend History

Chevron

Chevron’s 4.13% dividend yield appeals to income-focused investors seeking robust returns. With a manageable 44.17% payout ratio, the company’s stable cash flow and resilient business model suggest a sustainable dividend, making it an appealing choice for investors seeking steady income.

>> Chevron Dividend History

Cintas

Cintas offers a modest 1.07% dividend yield, making it an option for investors who prioritize capital appreciation. Its conservative 36.09% payout ratio indicates a prudent approach to dividend distribution, enhancing its appeal for those looking for stability.

>> Cintas Dividend History

Consolidated Edison

With a reliable 3.70% dividend yield, Consolidated Edison attracts income-focused investors. Its moderate 45.91% payout ratio suggests a sustainable dividend distribution strategy, making it a secure choice for those seeking steady returns.

>> Consolidated Edison Dividend History

Dover

Dover provides a respectable 1.59% dividend yield, appealing to investors seeking a balance between income and growth. Its low 27.82% payout ratio underscores a stable dividend policy, enhancing its attractiveness for long-term portfolios.

>> Dover Dividend History

Emerson Electric

Emerson Electric presents a competitive 2.35% dividend yield, making it an appealing choice for income and growth-oriented investors. Its reasonable 37.28% payout ratio indicates a sustainable dividend strategy, highlighting its potential as a reliable income-generating asset.

>> Emerson Electric Dividend History

Exxon Mobil

Offering a solid 3.59% dividend yield, Exxon Mobil targets income-focused investors. Despite its conservative 36.15% payout ratio, the company’s stable cash flow and resilient industry position suggest a potentially sustainable dividend in the foreseeable future.

>> Exxon Mobil Dividend History

IBM

IBM provides an impressive 4.66% dividend yield, appealing to investors seeking substantial returns. Its relatively high 85.42% payout ratio suggests a commitment to returning value to shareholders, making it an attractive choice for income-focused investors.

>> IBM Dividend History

Johnson & Johnson

Johnson & Johnson’s 3.24% dividend yield makes it an attractive option for investors seeking a balance between income and growth. Despite its 87.05% payout ratio, the company’s stable cash flow and diversified product portfolio suggest a potentially sustainable dividend in the long run.

>> Johnson & Johnson Dividend History

Linde

Linde offers a modest 1.35% dividend yield, making it an option for investors who prioritize capital appreciation. Its reasonable 41.32% payout ratio indicates a responsible approach to dividend distribution, enhancing its appeal for those seeking stability.

>> Linde Dividend History

PPG Industries

With a competitive 2.13% dividend yield, PPG Industries attracts income and growth-oriented investors. Its moderate 42.04% payout ratio suggests a sustainable dividend distribution strategy, making it a solid choice for those looking for steady returns.

>> PPG Industries Dividend History

S&P Global

S&P Global’s 1.04% dividend yield makes it an option for investors emphasizing capital appreciation. Its reasonable 49.30% payout ratio indicates a responsible dividend distribution policy, underlining its potential as a stable, long-term investment.

>> S&P Global Dividend History

Stanley Black & Decker

Stanley Black & Decker offers an appealing 3.85% dividend yield, making it an option for income-oriented investors. However, its concerning 300.00% payout ratio demands cautious consideration of its long-term dividend sustainability and overall financial health.

>> Stanley Black & Decker Dividend History

Walgreens Boots Alliance

With an attractive 9.10% dividend yield, Walgreens Boots Alliance captivates investors seeking substantial returns. Its moderate 38.17% payout ratio suggests a sustainable dividend distribution strategy, enhancing its appeal for income-focused investors.

>> Walgreens Boots Alliance Dividend History

PacWest Bancorp

PacWest Bancorp’s modest 0.58% dividend yield positions it as an option for investors prioritizing capital appreciation. Its low 29.67% payout ratio indicates a conservative approach to dividend distribution, underlining its stability and potential for growth.

>> PacWest Bancorp Dividend History

OUTFRONT Media

OUTFRONT Media’s high 12.32% dividend yield attracts investors seeking substantial income. However, its elevated 173.91% payout ratio raises concerns about the sustainability of its dividend, emphasizing the importance of a comprehensive risk assessment before investment.

>> OUTFRONT Media Dividend History

PCM Fund

PCM Fund’s remarkable 13.45% dividend yield appeals to income-focused investors seeking significant returns. However, its remarkably high 9600.00% payout ratio raises serious concerns about the sustainability of its dividend, urging careful evaluation of its financial stability.

>> PCM Fund Dividend History

Eaton Vance

With a substantial 8.56% dividend yield, Eaton Vance allures investors seeking a blend of income and growth. Its elevated 170.56% payout ratio suggests a cautious approach to its dividend sustainability, highlighting the need for careful consideration before investment.

>> Eaton Vance Dividend History

Gabelli Equity Trust

Gabelli Equity Trust presents an impressive 13.02% dividend yield, making it an attractive option for income-focused investors. Its reasonable 54.05% payout ratio suggests a sustainable dividend distribution strategy, enhancing its appeal for those seeking steady returns.

>> Gabelli Equity Trust Dividend History

Barings BDC

Barings BDC’s substantial 11.83% dividend yield appeals to investors seeking significant income. However, its 118.07% payout ratio warrants careful consideration of the sustainability of its dividend, emphasizing the need for a comprehensive risk assessment before investment.

>> Barings BDC Dividend History

Morgan Stanley

Morgan Stanley’s solid 4.82% dividend yield positions it as an attractive option for income-focused investors. With a manageable 56.70% payout ratio, the company’s stable financial position and strong market presence suggest a potentially sustainable dividend in the long run.

>> Morgan Stanley Dividend History

Cross Timbers Royalty Trust

Cross Timbers Royalty Trust’s notable 11.00% dividend yield makes it an appealing option for investors prioritizing income. With a 100.00% payout ratio, investors should carefully assess the sustainability of its dividend and potential risks before considering investment.

>> Cross Timbers Royalty Trust Dividend History

PennantPark

PennantPark’s impressive 12.42% dividend yield appeals to income-focused investors. However, its staggering 1425.00% payout ratio raises significant concerns about the sustainability of its dividend, emphasizing the need for thorough risk assessment before considering investment.

>> PennantPark Dividend History

Hanesbrands

With a substantial 11.90% dividend yield, Hanesbrands attracts investors seeking significant income. Its reasonable 59.41% payout ratio suggests a sustainable dividend distribution strategy, enhancing its appeal for those seeking steady returns.

>> Hanesbrands Dividend History

Dynex Capital

Dynex Capital offers a remarkable 16.17% dividend yield, making it an attractive option for income-focused investors. However, its remarkably high 821.05% payout ratio raises serious concerns about the sustainability of its dividend, urging careful evaluation before investment.

>> Dynex Capital Dividend History

Oxford Square Capital

Oxford Square Capital’s significant 14.84% dividend yield allures investors seeking substantial income. However, its high 210.00% payout ratio suggests caution is warranted in assessing the sustainability of its dividend, emphasizing the need for a comprehensive risk assessment.

>> Oxford Square Capital Dividend History

Great Elm Capital

Great Elm Capital’s impressive 17.63% dividend yield makes it an appealing option for income-oriented investors. However, its 129.03% payout ratio warrants careful consideration of the sustainability of its dividend, emphasizing the importance of a comprehensive risk assessment.

>> Great Elm Capital Dividend History

Ellington Financial

Ellington Financial’s notable 15.23% dividend yield attracts investors seeking substantial income. However, its high 391.30% payout ratio suggests caution is warranted in assessing the sustainability of its dividend, emphasizing the need for careful evaluation before investment.

>> Ellington Financial Dividend History

Nordic American Tankers

Nordic American Tankers’ 11.35% dividend yield makes it an attractive option for investors seeking income. With a reasonable 65.52% payout ratio, investors can consider the company’s stable financial position and strong market presence for a potentially sustainable dividend in the long run.

>> Nordic American Tankers Dividend History

Diana Shipping

Diana Shipping’s substantial 19.17% dividend yield allures investors seeking significant income. Its reasonable 80.65% payout ratio suggests a sustainable dividend distribution strategy, enhancing its appeal for those seeking steady returns.

>> Diana Shipping Dividend History

Oxford Lane Capital

Oxford Lane Capital’s impressive 20.50% dividend yield makes it an appealing option for income-oriented investors. However, its 70.00% payout ratio warrants careful consideration of the sustainability of its dividend, emphasizing the importance of a comprehensive risk assessment.

>> Oxford Lane Capital Dividend History

Big Lots

Big Lots’ substantial 22.22% dividend yield makes it an attractive option for income-focused investors. With a moderate 51.72% payout ratio, the company’s stable financial position and strong market presence suggest a potentially sustainable dividend in the long run.

>> Big Lots Dividend History

Orchid Island Capital

Orchid Island Capital’s remarkable 24.20% dividend yield attracts investors seeking significant income. However, its high 1300.00% payout ratio suggests caution is warranted in assessing the sustainability of its dividend, emphasizing the need for a comprehensive risk assessment.

>> Orchid Island Capital Dividend History

Are stocks that pay dividends in December a good investment?

Investors often wonder if December dividend-paying stocks are worth their attention. These stocks can be appealing, especially for income-focused investors looking to finish the year on a high note. 

They provide the opportunity to receive additional income just in time for the holiday season, and for some, the dividends can help offset end-of-year expenses. 

However, it’s crucial to conduct thorough research and consider each stock’s financial health, dividend history, and future prospects before making any investment decisions. The allure of high dividend yields should be balanced with a cautious assessment of payout ratios and the long-term sustainability of those dividends. 

Careful evaluation can help you make informed choices and determine if these December dividend stocks align with your financial goals.

Factors to Consider when Investing in Stocks that Pay Dividends in December

When evaluating December dividend-paying stocks, several critical factors warrant consideration. 

Firstly, assess the company’s financial stability, examining its revenue trends, debt levels, and overall market positioning. Additionally, scrutinize the dividend payout ratio, ensuring it remains sustainable and aligns with the company’s long-term growth prospects. 

Moreover, evaluate the company’s dividend history and consistency, as a reliable track record can provide confidence in the stability and regularity of future dividend payments. Conducting thorough due diligence on these factors can empower investors to make informed decisions and build a robust and diversified portfolio.



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