Top Dividend Stocks To Consider In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing significant fluctuations across various sectors. With U.S. stocks retracting some gains and interest rate expectations shifting, many are turning their attention to dividend stocks as a stable option amidst market volatility. In such an environment, a good dividend stock is often characterized by its ability to provide consistent income and potential for growth, making it an attractive consideration for those seeking resilience in their investment portfolios.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.16%	★★★★★★
Wuliangye YibinLtd (SZSE:000858)	3.15%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.23%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.74%	★★★★★★
GakkyushaLtd (TSE:9769)	4.49%	★★★★★★
China South Publishing & Media Group (SHSE:601098)	4.37%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.76%	★★★★★★
HUAYU Automotive Systems (SHSE:600741)	4.43%	★★★★★★
E J Holdings (TSE:2153)	3.78%	★★★★★☆

Click here to see the full list of 1964 stocks from our Top Dividend Stocks screener.

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

Sansiri (SET:SIRI)

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

Overview: Sansiri Public Company Limited, with a market cap of THB30.43 billion, operates in Thailand's property development sector through its subsidiaries.

Operations: Sansiri Public Company Limited's revenue is primarily derived from Real Estate at THB35.77 billion, supplemented by Building Management, Project Management and Real Estate Brokerage at THB2.15 billion, with additional contributions from its Hotel Business and Hotel Management segments totaling THB1.25 billion.

Dividend Yield: 7.6%

Sansiri offers a high dividend yield of 7.61%, placing it in the top 25% of Thai market payers, yet its sustainability is questionable due to a cash payout ratio of 153.5% and volatile past payments with over 20% annual drops. Despite a reasonable earnings payout ratio of 54.3%, dividends are not well covered by free cash flows, and shareholder dilution has occurred recently. The stock trades at good value with a P/E ratio significantly below the market average.

• Click here to discover the nuances of Sansiri with our detailed analytical dividend report.
• In light of our recent valuation report, it seems possible that Sansiri is trading behind its estimated value.

Bank of Changsha (SHSE:601577)

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

Overview: Bank of Changsha Co., Ltd. offers a range of commercial banking products and services to individual and business clients in China, with a market capitalization of CN¥34.91 billion.

Operations: Bank of Changsha Co., Ltd. generates its revenue through various commercial banking products and services offered to both personal and business customers in China.

Dividend Yield: 4.3%

Bank of Changsha's dividend yield of 4.34% ranks it among the top 25% in China's market, supported by a low payout ratio of 19.5%, indicating strong earnings coverage and sustainability. While dividends have been stable and growing over six years, their relatively short history may concern some investors. The stock trades at an estimated 73% below fair value, suggesting potential for capital appreciation alongside its attractive dividend profile. Recent earnings show net income growth to CNY 6.19 billion from CNY 5.84 billion year-on-year, underscoring financial stability.

• Dive into the specifics of Bank of Changsha here with our thorough dividend report.
• The analysis detailed in our Bank of Changsha valuation report hints at an deflated share price compared to its estimated value.

JK Holdings (TSE:9896)

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

Overview: JK Holdings Co., Ltd. operates in wholesale, plywood manufacturing and wood processing, franchise, construction works, and other businesses both in Japan and internationally, with a market cap of ¥28.76 billion.

Operations: JK Holdings Co., Ltd.'s revenue is derived from its activities in wholesale, plywood manufacturing and wood processing, franchise operations, and construction works.

Dividend Yield: 4.4%

JK Holdings offers a dividend yield of 4.36%, placing it in the top 25% of Japan's market. The dividends are well-covered by earnings, with a low payout ratio of 15.9%, and cash flows, maintaining a cash payout ratio of 45.9%. Despite this coverage, the company's dividend history is volatile and unreliable over the past decade. Recent exclusion from the S&P Global BMI Index may impact investor perception but doesn't affect its fundamental dividend metrics.

• Delve into the full analysis dividend report here for a deeper understanding of JK Holdings.
• Our expertly prepared valuation report JK Holdings implies its share price may be too high.

Seize The Opportunity

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Ready To Venture Into Other Investment Styles?

• 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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