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July dividend yield ranking shows growing focus on individual stocks as earnings season kicks into high gear
Rakuten Securities' Toshiru released its high dividend yield stock ranking as of July 17, noting that stock picking is intensifying ahead of the full-fledged earnings season. The ranking screened the top 15 stocks with market capitalizations of at least 100 billion yen and analyst ratings of 3.5 or higher. Exedy topped the list with a dividend yield of 5.97 percent, followed by Ariake Japan at 5.76 percent. While the Nikkei 225 fell 10.0 percent over the same period, 11 of the ranked stocks rose, indicating a shift of funds from AI and semiconductor plays to high-dividend stocks that had been lagging. Five stocks newly entered the ranking, including Ishihara Sangyo and Honda, with Ishihara Sangyo's yield rising relatively due to a share price decline. Going forward, sector rebalancing is expected to progress, with growing interest in high-dividend stocks that report strong earnings.