Best 10 Dividend Stocks for 2024

These are some strong dividend stocks to consider for 2024.  All of these companies are reporting a low PE (under 10)

1. TORM PLC ( TRMD) — 21.26% dividend
   A shipping company with a market cap of $2.39B, Torm Plc, categorized under the Energy sector and specifically in the Oil & Gas Midstream industry, is a company based in the United Kingdom and listed on the NASD.Torm company website: https://www.torm.com/
   Key financial metrics for Torm Plc are as follows:
   • Market Cap: $2.40 Billion
   • P/E Ratio: 3.52
   • Forward P/E: 3.74
   • EPS (ttm): $8.09
   • Insider Ownership: 64.06%
   • Total Shares Outstanding: 81.82 Million
   • Sales: $1.58 Billion
   • Book Value per Share: $18.57
   • Profit Margin: 43.82%
   • Dividend: $6.02, yielding 21.11%
   • Return on Assets (ROA): 25.87%
   • Return on Equity (ROE): 46.65%
   • Debt to Equity Ratio: 0.69
   • Performance (Year-to-Date): -2.30%

   The stock’s performance has seen fluctuations with a quarter performance of +15.57%, but a decline of -6.10% over the past month. Torm Plc’s high dividend yield and strong ROE indicate a potentially strong return on investment, although the negative year-to-date performance suggests market volatility

2. Petrobras (PBR-A) — 19.50%  dividend
   The Brazilian energy giant, with a market cap of $40.41B, offers a dividend yield of 19.50%. It has an ROA of 14.13%, reflecting its operational efficiency​​.Petrobras company website: https://www.petrobras.com.br/
   • Market Cap: $40.20 Billion
   • P/E Ratio: 3.50
   • Forward P/E: 4.08
   • EPS (ttm): $4.12
   • Income: $26.86 Billion
   • Sales: $105.52 Billion
   • Book Value per Share: $11.85
   • Cash per Share: $4.81
   • Dividend: $2.83, yielding 19.61%
   • ROA: 14.13%
   • ROE: 36.80%
   • Debt to Equity Ratio: 0.79
   • Performance (Year-to-Date): +62.45%

   Stock Performance and Analysis

   • Performance Outlook:
     • Short Term (2W – 6W)
     • Mid Term (6W – 9M)
     • Long Term (9M+)
   • 52 Week Range: $7.51 – $15.13
   • Beta (5Y Monthly): 1.09

   Analysts’ Insights and Ratings

   • Average 12-Month Stock Price Forecast: $16, indicating an increase of 18.43%​​.
   • Rating: Generally rated as a buy, with earnings growth of 54.9% per year over the past 5 years​​.

   Petrobras, as a significant player in the global energy sector and one of Brazil’s leading companies, presents an interesting case for investors. Its low P/E ratio and high dividend yield, coupled with a strong year-to-date performance, make it an attractive option for those looking for value stocks in the energy sector. However, investors should be aware of the volatility and risks associated with the oil and gas industry, especially in emerging markets like Brazil. The company’s strong fundamentals, as evidenced by its ROE and ROA, suggest a robust financial position, but the global energy market’s dynamics can significantly impact its performance.

   Investors considering Petrobras should keep an eye on global energy prices, regulatory changes in Brazil, and the company’s strategic decisions, as these factors can significantly influence the stock’s future performance.

3. San Juan Basin Royalty Trust (SJT) —  17.28% dividend
   Operating in the oil and gas industry, SJT, with a market cap of $314.43M, provides a dividend yield of 17.28%. Its exceptional ROA of 726.00% stands out​​.
4. Ecopetrol S.A. (EC) —  16.70% dividend
   Another player in the energy sector, Ecopetrol has a market cap of $26.29B and offers a dividend yield of 16.70%. Its ROA is 7.26%​​.
5. Loma Negra Compañía Industrial Argentina Sociedad Anónima (LOMA) —  16.31% dividend
   This cement and concrete producer from Argentina has a market cap of $761.96M and a dividend yield of 16.31%, with an ROA of 9.10%​​.
6. Petrobras (PBR) —  15.39% dividend
   Similar to PBR-A, this version of Petrobras offers a dividend yield of 15.39% and has a market cap of $57.36B. Its ROA is also 14.13%​​.
7. Ready Capital Corporation (RC) —  15.02% dividend
   Specializing in real estate finance, RC has a market cap of $1.74B and a dividend yield of 15.02%. Its ROA stands at 2.71%​​.
8. Ellington Financial Inc. (EFC) —  13.82% dividend
   Operating in the financial services industry, EFC has a market cap of $888.70M and offers a dividend yield of 13.82%. Its ROA is 0.89%​​.
9. Chimera Investment Corporation (CIM) —  13.67% dividend
   This real estate investment trust has a market cap of $1.19B and provides a dividend yield of 13.79%. Its ROA is 1.45%​​.
10. Arbor Realty Trust, Inc. (ABR) —  13.67% dividend
    Another player in the real estate investment space, ABR has a market cap of $2.33B and offers a dividend yield of 13.67%. Its ROA is 2.19%​