In 2025, Thailand has 8 high-dividend stocks. If you want to boost your income, you should consider these.

Investors obsessed with building Passive Income or seeking additional earnings from the stock market often have wide eyes searching for “high dividend stocks.” But in reality, paying high dividends doesn’t necessarily mean it’s a good stock because high interest rates often result from falling stock prices, not from a thriving business.

What to look for when choosing dividend stocks: more than just percentage figures

Consistency is more important than the percentage rate The companies you consider should pay dividends regularly. Especially during crises, this indicates strong fundamentals. The payout ratio (Payout Ratio) should not exceed 90-100% because the company needs to retain earnings for investment and growth.

Cash flow from operations must always be positive This proves that the core business generates real cash, not just accounting paper. Additionally, look for companies that gradually increase dividend payments (Dividend Growth) year by year, rather than paying out fully when the business stops growing.

Business fundamentals and competitive position Must be thoroughly examined—whether the company operates in a rising industry, debt-to-equity ratio should not be too high, and importantly, review dividend payment history for at least 3-5 years.

8 key stocks to watch in 2025

Item 1: DIF – “As precise as an alarm clock”

DIF is an Infrastructure Fund (Infrastructure Fund) owning 16,059 telecom towers with fiber networks and digital systems. Dividend value is 0.22 baht/share, current price 7.90 baht, yielding 11.25%.

Highlight: Income comes from long-term lease agreements with mobile phone companies, making dividends predictable. The main risk is refinancing debt of 11.6 billion baht in March 2025.

Item 2: TISCO – “A true Thai dividend payer”

The parent company of TISCO Financial has a history of paying dividends twice a year, totaling 7.75 baht. Current price 97.50 baht, yielding 7.95%.

Highlight: Consistency and safety of dividend payments. Challenge: Loan growth depends on the weak auto market.

Item 3: AP – “Cheap valuation”

Real estate developer priced at 5.80 baht, P/E only 3.77 times, P/BV 0.41 times, latest dividend 0.60 baht.

Highlight: 13 out of 16 analysts recommend “Buy,” with an average target price of 9.54 baht, offering profit margin from price differences.

Item 4: SIRI – “High dividend, low stock price”

Sansiri shares with a dividend yield of 8.72%, price 1.17 baht, P/E 4.47 times. Valuation is ahead of others. 8 out of 14 analysts recommend “Buy,” with a target of 1.72 baht.

Item 5: DMT – “Market’s Cash Cow”

Management upgraded Don Mueang Tollway, a defensive business with reliable income. Dividend 0.22 baht/share, price 9.70 baht, yield 8.56%.

Highlight: Pays no less than 90% of net profit. Challenge: Concession contract ends in 2577.

Item 6: MC – “Consistently clean finance”

MacGroup with a D/E ratio of only 0.51, strong financial position, dividend 0.55 baht, price 9.55 baht, yield 8.26%.

All four analysts recommend “Buy,” with a target price of 12.55 baht.

Item 7: TCAP – “Good risk diversification”

Thanachart Capital Holding Company invests in various financial businesses. P/E 7.51 times, P/BV 0.65 times, dividend 2.05 baht, price 46 baht.

Highlight: Diversified investments reduce risk. Investment return 7%.

Item 8: PTT – “Next-generation energy giant”

PTT, with strong core business, remains volatile with global energy prices, but long-term cash flow is reliable. Dividend 1.30 baht, price 30 baht, yield 7.05%.

Starting steps for beginners in the Thai market

1. Open an account with a broker Available online or at branches, must be licensed by the SEC.

2. Transfer funds into the portfolio Reserve cash (Cash Balance) for stock purchases.

3. Study reliable sources SET website, Settrade, brokerage analysis reports.

4. Send buy orders via streaming platform Specify stock symbol (Symbol), quantity, and bid price.

5. Receive dividends On payout day, dividend (after 10% tax) will automatically be credited to your bank account.

Expand investments to foreign dividend stocks

For those wanting to diversify beyond the Thai market, investing in foreign dividend stocks, especially in the US, is a viable option.

Top US stocks have a long history of continuous dividend payments, including “Dividend Aristocrats”—companies that have increased dividends for at least 25 consecutive years, a mark of stability.

Advantages:

• Access to global companies (Apple, Microsoft, Coca-Cola, Johnson & Johnson) with strong fundamentals and diversified business models.
• Income in dollars, helping to diversify currency risk.
• Stability, long history, and growth prospects of dividends.

How to invest:

• Through mutual funds: review performance, fees, and investment policies before deciding.
• Study information from trusted sources, compare investment types.

Summary: No single “best” choice

Building Passive Income through high dividend stocks remains a classic strategy that still works. But remember, consistency and business fundamentals are more important than just the percentage figure.

The 8 selected stocks each have different strengths—some focus on stability, some on growth opportunities, some have attractive valuations. Diversifying investments across multiple stocks, both domestically and internationally, is key to building sustainable wealth over the long term.