8 High-Dividend Stocks with Revenue Contracts in 2025: A Guide to Dividend Stocks for Steady Income Investors

Why Should You Consider Dividend Stocks in the Current Market Conditions

Amid market uncertainty and asset price fluctuations, many investors are shifting their focus to generating “steady income” through dividends rather than relying solely on capital gains. This strategy is called “Passive Income,” which involves earning income from holding assets without intensive management.

High-dividend stocks thus become an attractive option, especially when considering risk management and the stability of the underlying businesses.

Criteria for Selecting Quality Dividend Stocks: What Does “Stable and Good” Mean?

When choosing high-dividend ETFs or individual stocks, the main factors to consider are:

Dividend Payment History: Not just high dividends this year, but also a consistent payout over the past 3-5 years or more, in good and stable conditions.

Financial Strength: Financial statements showing steady profits, manageable debt levels, and positive cash flow from operations.

Industry and Trends: Companies should be in stable sectors or those with growth prospects, not in declining industries.

8 High-Dividend Stocks to Watch in 2025

Summary Data Table

1. DIF – The “Mother Hen” in Telecom

DIF owns telecom towers and large fiber optic networks. Its business model involves leasing infrastructure to telecom operators like TRUE, creating predictable cash flow.

Key Data

• Market Price: 7.90 THB
• Dividend Yield: 11.25%
• Latest Dividend: 0.22 THB/share
• P/BV Ratio: 0.52 times

Highlights: Benefits from falling interest rates, extended lease contracts with major providers, attractive

Risks: Need to monitor lease negotiations and the possibility of large debt repayment in Q1 2025

( 2. DMT – “Steady Profit” Toll Road Stock

DMT manages the Utraphimuk Elevated Road from Din Daeng to the Memorial, 21 km long. Its business is a “Cash Cow” – generating stable cash flow.

Key Data

• Market Price: 9.70 THB
• Dividend Yield: 8.56%
• Latest Dividend: 0.22 THB/share
• P/E Ratio: 12.69 times

Highlights: Pays dividends “not less than 90% of net profit,” allowing accurate dividend forecasts. A defensive stock with stability.

Risks: The concession contract ending in 2034 may impact long-term outlook.

) 3. SIRI – Attractive Dividends but Low Price

SIRI is a major property developer covering detached houses, townhomes, condos, with additional investments in malls and factories.

Key Data

• Market Price: 1.17 THB
• Expected Dividend Yield: 8.72%
• Latest Dividend: 0.08 THB/share
• P/E Ratio: 4.47 times, P/BV: 0.43 times

Highlights: Very low valuation compared to the market, high dividend yield, recommended by 8 out of 14 analysts as a “Buy.”

Risks: The real estate market still faces recovery challenges.

4. AP – Abundant Value and Good Dividends

AP is a leading property developer with both horizontal and vertical projects, managing multiple brands for different segments.

Key Data

• Market Price: 5.80 THB
• Expected Dividend Yield: 7.35% ###Historical Return: 10.26%###
• Latest Dividend: 0.60 THB/share
• P/E Ratio: 3.77 times, P/BV: 0.41 times

Highlights: Very low valuation, 13 out of 16 analysts recommend “Buy” with an average target price of 9.54 THB, consistently over 7% dividend yield.

Risks: The property market remains volatile.

( 5. TISCO – The Favorite Stable Dividend Stock

TISCO is a holding company for the TISCO Group, with auto leasing, pawn, and high dividend history.

Key Data

• Market Price: 97.50 THB
• Dividend Yield: 7.95%
• Latest Dividend: 5.75 THB/share )for 2024###
• P/E Ratio: 11.46 times, P/BV: 1.75 times

Highlights: Consistent semi-annual dividends totaling 7.75 THB/share in 2024, a classic “Dividend Favorite” with stability.

Risks: Loan growth may slow down due to a weak auto market.

( 6. MC – Strong Financials and Steady Dividends

MC is a retailer of apparel and lifestyle products, owner of the “MC” brand, with a strong position in jeans.

Key Data

• Market Price: 9.55 THB
• Expected Dividend Yield: 8.26%
• Latest Dividend: 0.55 THB/share
• P/E Ratio: 10.03 times, P/BV: 2.12 times
• D/E Ratio: 0.51 times )Very low###

Highlights: Strong financial position, low debt, 4 analyst recommendations to “Buy,” with support at 12.55 THB, good online sales trend.

Risks: Consumer behavior and fashion trends.

( 7. TCAP – Financial Holding Company for Diversified Risk

TCAP invests in various financial businesses: leasing, insurance/life, securities, asset management, and holds shares in TMBThanachart Bank.

Key Data

• Market Price: 46.00 THB
• Dividend Yield: 6.98%
• Latest Dividend: 2.05 THB/share
• P/E Ratio: 7.51 times, P/BV: 0.65 times

Highlights: Attractive valuation, trading below book value, expected dividend yield around 7%, sector diversification reduces risk.

Risks: Complex holding structure requires monitoring performance of individual subsidiaries.

) 8. PTT – The National Blue Chip with Steady Dividends

PTT is Thailand’s energy and petrochemical leader, with integrated operations from exploration, production, refining, retail, to non-oil.

Key Data

• Market Price: 30.00 THB
• Dividend Yield: 7.05%
• Latest Dividend: 1.30 THB/share
• P/E Ratio: 10.08 times, P/BV: 0.73 times

Highlights: Stability, government backing, diversified business reduces risk, widely trusted.

Risks: Fluctuations with global energy prices and the transition to clean energy.

How to Select High-Dividend ETFs and Stocks for Sustainability

Caution: High Dividend Yield ≠ Good Stock

Common Mistake: A dividend yield of 15-20% may result from a sharp decline in stock price, not necessarily from a good dividend-paying company. Always verify whether the price drop is due to company fundamentals or market sentiment.

Key Criteria to Check

1. Consistency ###Consistency###: Review 3-5 years or more of dividend history. Good companies pay dividends steadily even during downturns.

2. Clear Dividend Policy: Does the company specify paying “X%” of net profit? Payout ratio should ideally be 50-80% to retain funds for growth.

3. Strong Business Fundamentals:

• Continuous and growing profits
• Manageable debt levels
• Not in declining industries

4. Positive Cash Flow: Operating cash flow should be consistently positive, reflecting true dividend capacity.

5. Dividend Growth: Good stocks not only pay high dividends but also increase dividends annually, indicating growth potential.

Steps to Invest in High-Dividend Stocks in Thailand

( Step 1: Open an Account

Contact a licensed securities company approved by the SEC. Can do online or at branches. Be cautious of fees.

) Step 2: Transfer Funds

Deposit Thai Baht into a Cash Balance account to fund stock purchases.

Step 3: Analyze and Select

Use data from SET, Settrade, and broker analyses. Avoid blind buying.

Step 4: Place Orders

Use streaming apps to specify stock ticker, quantity, and price.

Step 5: Receive Dividends

On the Payment Date, after 10% withholding tax, dividends will be automatically credited to your account.

Expand Your Investment World: High-Dividend Stocks in the US

Why Are US Dividend Stocks Attractive?

For diversification outside the Thai market, US dividend stocks are a safe choice.

Main Benefits:

• Access to global giants ###Apple, Microsoft, Coca-Cola, Johnson & Johnson( with stable dividends
• Long history of regular dividends, sometimes increasing annually )“Dividend Aristocrats” – 25+ years of consecutive increases###
• Dollar-denominated income helps diversify currency risk

( How to Invest in Foreign Dividend Stocks

Option 1: Mutual Funds Choose funds based on your risk level, compare fees and performance.

Option 2: CFD )Contract For Difference(

• Invest in both Up )Buy### and Down (Sell)
• Use leverage to reduce costs, e.g., Verizon with only (X) leverage, still entitled to dividends except voting rights.

Deepening Your Understanding

Don’t just rely on “High Dividends.” Smart investors study:

• Earnings per share growth (EPS)
• Payout Ratio and trends
• Industry competition
• Debt levels and ratios

Summary: High-Dividend Stocks Are a Viable Strategy, But Choose Carefully

High-dividend stocks and high-dividend ETFs remain suitable for 2025 for those seeking steady income. The 8 stocks mentioned have strong fundamentals, good dividend rates, but most importantly, thorough research: check consistency, analyze business fundamentals, and monitor cash flow.

Investing always involves risks, but with careful selection, you can build a sustainable and stable dividend portfolio for the long term.