Highlighting Three Dividend Stocks For November 2024

As global markets navigate a complex landscape marked by cautious earnings reports and mixed economic signals, investors are keenly observing the performance of various indices. Despite recent volatility, particularly in growth stocks and large-cap sectors, there remains interest in stable investment opportunities like dividend stocks, which can offer consistent returns even amidst uncertainty. In light of these conditions, identifying dividend stocks with strong fundamentals and reliable payout histories becomes crucial for those seeking to bolster their portfolios against market fluctuations.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.31%	★★★★★★
Mitsubishi Shokuhin (TSE:7451)	3.86%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	5.29%	★★★★★★
Globeride (TSE:7990)	4.12%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.96%	★★★★★★
Innotech (TSE:9880)	4.86%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.22%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.57%	★★★★★★
GakkyushaLtd (TSE:9769)	4.59%	★★★★★★
KurimotoLtd (TSE:5602)	5.10%	★★★★★★

Click here to see the full list of 2030 stocks from our Top Dividend Stocks screener.

Let's dive into some prime choices out of the screener.

Banco de Sabadell (BME:SAB)

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

Overview: Banco de Sabadell, S.A. offers a range of banking products and services to personal, business, and private clients both in Spain and internationally, with a market cap of €10.07 billion.

Operations: Banco de Sabadell generates revenue from its banking operations across different regions, with €3.95 billion from Spain (including real estate asset transformation), €1.19 billion from the UK, and €186 million from Mexico.

Dividend Yield: 4.3%

Banco de Sabadell's dividend payments have been volatile over the past decade, though they have increased. With a payout ratio of 39.6%, dividends are currently well-covered by earnings and forecasted to remain so in three years at 60.9%. However, the dividend yield of 4.29% is below the top tier in Spain. Despite recent earnings growth, with net income rising to €503 million for Q3 2024, high bad loans (3%) pose potential risks.

• Dive into the specifics of Banco de Sabadell here with our thorough dividend report.
• Our valuation report here indicates Banco de Sabadell may be undervalued.

Emirates NBD Bank PJSC (DFM:EMIRATESNBD)

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

Overview: Emirates NBD Bank PJSC, along with its subsidiaries, offers a range of corporate, institutional, retail, treasury, and Islamic banking services and has a market cap of AED124.12 billion.

Operations: Emirates NBD Bank PJSC generates revenue through its diverse offerings in corporate, institutional, retail, treasury, and Islamic banking services.

Dividend Yield: 6.1%

Emirates NBD Bank PJSC offers a stable dividend yield of 6.11%, slightly below the top tier in the AE market. The bank's dividends are well-covered by earnings, with a current payout ratio of 33.7% and forecasted to remain sustainable at 41.9% in three years. Despite having high bad loans at 3.9%, its price-to-earnings ratio of 5.5x suggests good value compared to peers, supported by consistent earnings growth over recent years.

• Click to explore a detailed breakdown of our findings in Emirates NBD Bank PJSC's dividend report.
• Our valuation report unveils the possibility Emirates NBD Bank PJSC's shares may be trading at a discount.

Mizuho Financial Group (TSE:8411)

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

Overview: Mizuho Financial Group, Inc., along with its subsidiaries, operates in banking, trust, securities, and other financial services across Japan and globally, with a market cap of ¥8.14 trillion.

Operations: Mizuho Financial Group generates revenue from several key segments, including ¥508.74 billion from The Global Markets Company, ¥579.25 billion from the Corporate & Institutional Company, ¥762.01 billion from the Retail & Business Banking Company, ¥58.48 billion from The Asset Management Company, and ¥693.09 billion from The Global Corporate & Investment Banking Company.

Dividend Yield: 3.6%

Mizuho Financial Group pays a reliable dividend of 3.58%, though it's slightly below the top quartile in Japan. The dividends have been stable and growing over the past decade, supported by a low payout ratio of 36.8%. Recent activities include filing a Shelf Registration and competing for stakes in Avendus Capital, indicating strategic growth initiatives. However, there's insufficient data to predict future dividend sustainability or coverage beyond three years.

• Unlock comprehensive insights into our analysis of Mizuho Financial Group stock in this dividend report.
• Upon reviewing our latest valuation report, Mizuho Financial Group's share price might be too pessimistic.

Taking Advantage

• Unlock our comprehensive list of 2030 Top Dividend Stocks by clicking here.
• Already own these companies? Link your portfolio to Simply Wall St and get alerts on any new warning signs to your stocks.
• Take control of your financial future using Simply Wall St, offering free, in-depth knowledge of international markets to every investor.

Curious About Other Options?

• Explore high-performing small cap companies that haven't yet garnered significant analyst attention.
• Fuel your portfolio with companies showing strong growth potential, backed by optimistic outlooks both from analysts and management.
• Find companies with promising cash flow potential yet trading below their fair value.

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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