Stock Analysis

Dividend Stocks To Consider In November 2024

SZSE:000404
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In the wake of a significant political shift in the U.S., global markets are experiencing notable movements, with U.S. stocks reaching record highs amid expectations of accelerated economic growth and tax reforms. As investors navigate these dynamic conditions, dividend stocks can offer a compelling option for those seeking stability and income, particularly given their potential to provide consistent returns even amidst market volatility.

Top 10 Dividend Stocks

NameDividend YieldDividend Rating
Tsubakimoto Chain (TSE:6371)4.19%★★★★★★
Wuliangye YibinLtd (SZSE:000858)3.03%★★★★★★
Globeride (TSE:7990)4.02%★★★★★★
Guangxi LiuYao Group (SHSE:603368)3.17%★★★★★★
GakkyushaLtd (TSE:9769)4.57%★★★★★★
FALCO HOLDINGS (TSE:4671)6.67%★★★★★★
Business Brain Showa-Ota (TSE:9658)3.92%★★★★★★
CAC Holdings (TSE:4725)4.53%★★★★★★
E J Holdings (TSE:2153)3.83%★★★★★★
DoshishaLtd (TSE:7483)3.87%★★★★★★

Click here to see the full list of 1939 stocks from our Top Dividend Stocks screener.

Here we highlight a subset of our preferred stocks from the screener.

Dubai Islamic Bank P.J.S.C (DFM:DIB)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Dubai Islamic Bank P.J.S.C., along with its subsidiaries, operates in corporate, retail, and investment banking both within the United Arab Emirates and internationally, with a market capitalization of AED46.90 billion.

Operations: Dubai Islamic Bank P.J.S.C.'s revenue segments include Consumer Banking (AED4.59 billion), Corporate Banking (AED3.00 billion), Treasury (AED2.37 billion), and Real Estate Development (AED530.10 million).

Dividend Yield: 6.9%

Dubai Islamic Bank P.J.S.C. offers a dividend yield of 6.93%, placing it in the top quartile among AE market dividend payers. Despite its unstable dividend history, the payout ratio remains low at 46.6%, suggesting dividends are well covered by earnings and forecasted to remain so with a 53.5% payout ratio in three years. Recent earnings showed growth, with net income rising to AED 2 billion in Q3 2024 from AED 1.65 billion a year earlier, supporting its current dividend strategy amidst volatile past payments and high bad loan levels of 4.8%.

DFM:DIB Dividend History as at Nov 2024
DFM:DIB Dividend History as at Nov 2024

Jiang Zhong PharmaceuticalLtd (SHSE:600750)

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Jiang Zhong Pharmaceutical Co., Ltd focuses on the research, development, production, and sale of Chinese patent medicines and health foods in Mainland China, with a market cap of CN¥13.62 billion.

Operations: Jiang Zhong Pharmaceutical Co., Ltd generates revenue from its operations in the Chinese patent medicines and health foods sectors within Mainland China.

Dividend Yield: 5.5%

Jiang Zhong Pharmaceutical Ltd. offers a dividend yield of 5.49%, ranking it among the top 25% in the CN market. However, its dividends are not well covered by earnings or free cash flow, with a high payout ratio of 100.9%. Despite this, dividends have been stable and growing over the past decade. Recent earnings showed net income growth to CNY 634.34 million for nine months ending September 2024, although sales decreased compared to last year.

SHSE:600750 Dividend History as at Nov 2024
SHSE:600750 Dividend History as at Nov 2024

Changhong Huayi Compressor (SZSE:000404)

Simply Wall St Dividend Rating: ★★★★★☆

Overview: Changhong Huayi Compressor Co., Ltd. develops, manufactures, and sells various compressors both in China and internationally, with a market cap of CN¥5.38 billion.

Operations: Changhong Huayi Compressor Co., Ltd. generates its revenue through the development, manufacturing, and sale of compressors across domestic and international markets.

Dividend Yield: 3.2%

Changhong Huayi Compressor's dividend yield of 3.23% places it in the top 25% of CN market payers, with a sustainable payout ratio of 37.6% supported by earnings and a low cash payout ratio of 19.3%. Despite past volatility in dividend payments, they have grown over the last decade. Recent earnings for nine months ending September 2024 showed net income growth to CNY 375.94 million, although sales decreased from the previous year.

SZSE:000404 Dividend History as at Nov 2024
SZSE:000404 Dividend History as at Nov 2024

Taking Advantage

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

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