In 2568, want to have cash inflow every month? These 8 stocks might be your answer

In the days of pursuing stable cash flow, just earning bank interest really feels a bit “unsatisfactory.” Many people are pondering how to make idle funds generate their own money, and high-dividend stocks have become a popular choice. Instead of waiting passively, it’s better to put your money into companies that can continue to pay dividends.

This article has compiled 8 high-dividend stocks worth paying attention to, each with solid fundamentals and a history of dividends. The key point is that these are not short-term trading targets, but good partners that can help you “lie back and earn long-term.”

Attractive dividend yields, but beware of traps

Many people get excited when they see a stock with a dividend yield of 10%, but there’s more to it than meets the eye. A high dividend yield sometimes reflects a falling stock price—so you need to think clearly: is it a bargain or a “value trap”?

When choosing stocks, don’t just look at the numbers. Sustainability is the key. A company that can maintain stable dividends for 3-5 years in a row is trustworthy. Companies that appear to have “super high” dividend yields because their stock price has plummeted often hint at potential performance issues.

The “true face” of 8 high-dividend stocks

DIF —— The “cash cow” of infrastructure

This is an infrastructure fund with core assets consisting of 16,059 telecom towers and fiber optic networks. Simply put, it rents out towers to telecom operators like TRUE to earn long-term stable rent. This model offers strong income predictability and is a classic “cash cow.”

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

Analysts are divided. Optimists believe low interest rates reduce financing costs, and contract renewals still have room for growth (target price 10.50-11.50 THB). But some worry about 1.16 trillion THB in debt maturing in March next year, and possible uncertainties in rent negotiations with TRUE.

TISCO —— The “dividend king” with strength

One of Thailand’s most familiar dividend stocks. TISCO is a financial holding group mainly engaged in auto loans and mortgage lending. Long dividend history, stable amounts, paid twice a year on time, making this stability highly respectable.

• Latest share price: 97.50 THB
• Dividend yield: 7.95%
• Estimated dividend this year: 5.75 THB/share
• P/E ratio: 11.46 times
• P/BV ratio: 1.75 times

The challenge comes from a sluggish auto market—decreased consumer demand for cars directly impacts new lending. Most analysts recommend “hold,” meaning they value dividends more than stock price appreciation. If you are a conservative investor, this “dividends over quick gains” approach might actually be an advantage.

AP —— The “low valuation” among property developers

AP, a property developer, covers everything from villas to high-rise buildings. A notable feature: ridiculously cheap valuation.

• Latest share price: 5.80 THB
• Estimated dividend yield: 7.35% (historical high of 10.26%)
• Latest dividend: 0.60 THB/share
• P/E ratio: 3.77 times (much lower than market average)
• P/BV ratio: 0.41 times

Out of 16 analysts, 13 recommend “buy,” with an average target price of 9.54 THB. The issue is that the property market itself is sluggish, but on paper, such a low price has already priced in most risks.

SIRI —— The “veteran” property dividend weapon

SIRI has been in real estate since 1984, with extensive experience. It’s involved in residential, commercial real estate, and building materials.

• Latest share price: 1.17 THB
• Estimated dividend yield: 8.72%
• Latest dividend: 0.08 THB/share
• P/E ratio: 4.47 times
• P/BV ratio: 0.43 times

The appeal lies in double cheapness—both ridiculously undervalued and with a top-tier dividend yield. Analysts are divided, but the 8 supporting reasons are clear: low valuation + high dividends = even if the industry doesn’t recover, dividends alone can generate income.

DMT —— The “time bomb” of highways

DMT manages the Bangkok Expressway and Interchange, a 21-kilometer road. This business is extremely stable—fixed toll income, highly predictable.

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

Policy commitment to pay dividends not less than 90% of net profit, so dividend amounts are highly predictable. Analysts rate it as “beat the market,” with a target price of 12.17 THB. The only uncertainty is that the operating rights expire in 2577, and what happens then remains unclear.

MC —— The “iron-blooded” financial retailer

MC specializes in jeans and clothing retail, with good brand recognition. But its real shine is financial health.

• Latest share price: 9.55 THB
• Estimated dividend yield: 8.26%
• Latest dividend: 0.55 THB/share
• P/E ratio: 10.03 times
• P/BV ratio: 2.12 times
• Debt-to-equity ratio (D/E): 0.51 (very conservative)

All four analysts following are optimistic, with an average target of 12.55 THB. The company’s solid financials and growing online sales make it a reliable dividend payer even if earnings growth is moderate.

TCAP —— The “cheap chips” of financial “basket”

TCAP is a holding company with diversified financial businesses including leasing, insurance, securities, and asset management. This diversified shareholding structure naturally reduces risk.

• Latest share price: 46.00 THB
• Dividend yield: 6.98%
• Latest dividend: 2.05 THB/share
• P/E ratio: 7.51 times
• P/BV ratio: 0.65 times (bargain level)

On paper, the stock price is far below book value. The average analyst target is 53.86 THB, expecting a dividend yield of around 7%. Well-diversified risk makes it suitable for those who don’t want to put all eggs in one basket.

PTT —— The “giant” of energy with stable dividends

PTT is Thailand’s energy lifeline, covering oil and gas exploration to retail. As a state enterprise, stability is naturally assured.

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

Although energy transition is a long-term challenge, PTT’s cash flow capacity and diversified layout ensure it can continue generating distributable profits. Analysts see it as a solid core holding.

How to avoid “dividend trap” investments?

Step 1: Focus more on dividend payout ratio

A very high dividend payout often signals that the stock price has already been halved. Instead of just looking at the percentage, check the company’s dividend history over several years. Stable dividends over 3-5 years > one-time sky-high yield.

Step 2: The company should have a clear dividend policy

Good companies clearly state “distribute X% of net profit as dividends.” If this ratio is too high (over 90-100%), it indicates limited reinvestment capacity and concerns about growth.

Step 3: Business fundamentals must be solid

In what industry? Does it have competitive advantages? Are the financial statements clear? Most importantly, there must be sustained profits—dividends should come from real earnings, not borrowed money.

Step 4: Cash flow is the real truth

Accounting profits can be manipulated, but cash inflows and outflows cannot. Stable operating cash flow = the real foundation for dividends.

Step 5: Pursue dividend growth, not just high yield

A truly good company not only pays high dividends but increases dividends year over year. This reflects business expansion rather than living off old gains.

How to start buying these stocks in Thailand?

Step 1: Find a securities firm to open a stock account (online or offline)

Step 2: Transfer funds into the account (top-up)

Step 3: Place orders via Streaming platform (the standard trading system in Thailand)

Step 4: When dividends are paid, the money will automatically go into your bank account (pre-tax 100%, post-tax usually around 90% due to 10% income tax deduction)

Summary: High dividend yield does not equal high return

Stock picking is a long-term game. These 8 stocks represent relatively safe dividend opportunities in the market, but that doesn’t mean buying them guarantees worry-free gains.

Always consider: How sustainable are the dividends? Are the business fundamentals sound? Is debt manageable? Where is the growth potential?

Careful selection and regular review are key to turning high dividend potential into a steady stream of cash flow. By 2568, let your money have a “second paycheck” too.

Investing involves risks. Please choose carefully. The above analysis is for reference only and does not constitute investment advice.