2568 Years of Dividend Opportunities: 8 Options for Those Interested in Extra Income

Thailand’s stock market in 2025 continues to offer opportunities for investors seeking regular income through dividends. Although market sentiment shows volatility, quality (dividend stocks) remain an attractive channel for generating continuous cash flow. This article selects 8 dividend stocks with strong business fundamentals and reliable dividend payment histories, along with analysis data to assist your decision-making.

Choose Dividend Stocks Wisely: Key Criteria to Know

Before investing, solely looking at high (Dividend Yield) may lead to poor decisions. A high yield could result from a sharp decline in stock price, not necessarily indicating a good stock.

Points to check:

Consistency of payments: Review dividend history over the past 3-5 years. Good stocks should pay dividends steadily even during economic slowdowns.

Clear policy: Does the company have a defined (Payout Ratio)? If it exceeds 100%, it indicates the company is using retained earnings or debt, which may not be sustainable.

Business stability: Verify that the company is profitable, with manageable debt levels, and that (Operating Cash Flow) is consistently positive.

Dividend growth: A good stock not only pays high dividends but also shows increasing (Dividend Per Share) year over year, reflecting business growth.

8 Dividend Stocks to Consider in 2025

DIF: Infrastructure investment with stable income

DIF is a fund owning infrastructure assets, including over 16,000 telecom towers and fiber optic networks. The business operates by leasing to mobile operators long-term, resulting in predictable revenue.

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

Analyst opinions vary: some recommend buying with a target price of 10.50-11.50 THB, believing falling interest rates will ease financial burdens, while others warn of lease renewal risks and managing billions in debt.

TISCO: A classic dividend stock with a long history

TISCO operates as a holding company with a portfolio in financial services, mainly auto leasing and car registration financing, known for consistent and high dividend payments.

• Latest price: 97.50 THB
• Dividend Yield: 7.95%
• Dividend: 5.75 THB/share (for FY 2024, paid in 2025)
• P/E: 11.46 times
• P/BV: 1.75 times

TISCO has paid dividends twice a year, totaling 7.75 THB per share in 2025. The challenge lies in the weak auto market, which may slow loan growth. Most analysts recommend holding, emphasizing that the attractive aspect is the dividend yield rather than stock price appreciation.

( AP: Real estate undervalued

AP is a major property developer with projects across various price ranges, from detached houses to condominiums.

• Latest price: 5.80 THB
• Dividend Yield 2025: 7.35% )Past: 10.26%###
• Dividend: 0.60 THB/share
• P/E: 3.77 times
• P/BV: 0.41 times

AP’s low valuation is its key strength. 13 out of 16 analysts recommend buying, with a target price of 9.54 THB. Besides the high dividend yield, there’s potential for capital gains from rising stock prices.

( SIRI: Established real estate with low valuation

SIRI, founded in 1984, is a comprehensive property developer involved in community malls and concrete manufacturing.

• Latest price: 1.17 THB
• Dividend Yield 2025: 8.72%
• Dividend: 0.08 THB/share
• P/E: 4.47 times
• P/BV: 0.43 times

SIRI offers a good yield and attractive valuation. 8 out of 14 analysts recommend buying, with a target of 1.72 THB. Despite challenges in the property market, its low stock price reduces risk.

) DMT: Toll road business with steady cash flow

DMT manages and collects tolls on the 21 km Don Mueang Tollway. The business generates stable and predictable cash flow.

• Latest price: 9.70 THB
• Dividend Yield: 8.56%
• Dividend: 0.22 THB/share
• P/E: 12.69 times
• P/BV: 1.31 times

DMT is considered a defensive stock with a policy of paying at least 90% of net profit as dividends, allowing investors to forecast dividends accurately. Long-term risk involves the end of the concession in 2034, but currently, DMT remains suitable for income-focused investors.

MC: Apparel retailer with strong financials

MC retails apparel and lifestyle products, including the strong “Mc” brand in jeans, and distributes other brands.

• Latest price: 9.55 THB
• Dividend Yield 2025: 8.26%
• Dividend: 0.55 THB/share
• P/E: 10.03 times
• P/BV: 2.12 times
• D/E Ratio: 0.51 times ###Very low###

MC maintains solid financial health. All four analysts recommend buying, with a target of 12.55 THB, supported by growth in online sales. Its strong financial position makes MC a safe choice for conservative investors.

( TCAP: Core holding company with diversification

TCAP is a holding company investing in various financial sectors, including leasing, insurance, securities, non-performing asset management, and stakeholding in TMBThanachart Bank.

• Latest price: 46.00 THB
• Dividend Yield: 6.98%
• Dividend: 2.05 THB/share
• P/E: 7.51 times
• P/BV: 0.65 times

TCAP’s valuation is attractive, trading well below book value. Its diversified financial investments reduce risk. The analyst target price is 53.86 THB, with an expected dividend yield of 7%.

) PTT: National energy stock

PTT is Thailand’s leading energy and petrochemical company, involved in exploration, production, refining, and retail. It also invests in new energy businesses for a transition to clean energy.

• Latest price: 30.00 THB
• Dividend Yield: 7.05%
• Dividend: 1.30 THB/share
• P/E: 10.08 times
• P/BV: 0.73 times

PTT is highly stable. Despite stock price fluctuations aligned with global energy prices, the business generates strong cash flow and pays consistent dividends. Long-term income seekers may consider PTT as a key option.

Accessing International Dividend Opportunities

Thai investors are not limited to the Thai stock market. US dividend stocks like Apple, Microsoft, Coca-Cola, and Johnson & Johnson have decades of increasing dividend payments, earning them the title of “Dividend Aristocrats.”

Advantages of international dividend stocks:

• Access to global companies with strong, diversified businesses
• Long history of increasing dividends, providing stability
• Dollar-denominated income helps diversify currency risk

How to invest in foreign dividend stocks:

1. Mutual Funds: Many funds invest in US stocks. Research and compare performance, fees, and investment policies carefully.

2. CFD ###Contract For Difference(: A leveraged investment method allowing smaller capital outlay but with higher risk. Suitable for knowledgeable investors.

How to invest in dividend stocks in the Thai market

1. Open an account: Contact a licensed securities company approved by the SEC, either online or at branches.

2. Transfer funds: Deposit Thai Baht into your Cash Balance as collateral for stock purchases.

3. Analyze: Study information from SET )set.or.th###, Settrade, and broker analyses.

4. Place orders: Use the Streaming app to specify stock ticker, quantity, and price.

5. Receive dividends: On dividend payout date, after 10% tax deduction, dividends are automatically credited to your bank account.

Summary

Dividend stocks in 2025 remain an effective strategy for steady income and reduced volatility. The 8 selected stocks have strong fundamentals and promising dividend prospects. However, key considerations include dividend consistency, payout policies, cash flow, and long-term growth potential. Both the Thai and international markets offer abundant opportunities. Choose according to your risk appetite and goals to build sustainable wealth.