Top Dividend Stocks To Consider In November 2024

As global markets navigate the uncertainties surrounding the incoming Trump administration's policies, investors are witnessing a mixed performance across sectors, with financials and energy showing resilience while healthcare faces challenges. Amid these shifting dynamics, dividend stocks remain an attractive option for those seeking stability and income in their portfolios. A good dividend stock typically offers consistent payouts and demonstrates financial health, making it a potential anchor during volatile times.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Peoples Bancorp (NasdaqGS:PEBO)	4.52%	★★★★★★
Nihon Parkerizing (TSE:4095)	3.94%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.66%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.47%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	3.88%	★★★★★★
James Latham (AIM:LTHM)	6.13%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.55%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.43%	★★★★★★
DoshishaLtd (TSE:7483)	3.85%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.91%	★★★★★★

Click here to see the full list of 1954 stocks from our Top Dividend Stocks screener.

Below we spotlight a couple of our favorites from our exclusive screener.

China Everbright Bank (SHSE:601818)

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

Overview: China Everbright Bank Company Limited offers a variety of financial products and services to corporations, government agencies, retail customers, and individuals across several regions including Mainland China, Hong Kong, Luxembourg, Macao, Seoul, and Sydney with a market cap of CN¥191.22 billion.

Operations: China Everbright Bank Company Limited generates revenue through its diverse financial offerings to corporate clients, government bodies, retail customers, and individuals across Mainland China and international locations such as Hong Kong, Luxembourg, Macao, Seoul, and Sydney.

Dividend Yield: 5.8%

China Everbright Bank's dividend yield is in the top 25% of the Chinese market, supported by a current payout ratio of 45.5%, indicating dividends are well covered by earnings. However, its dividend history has been volatile, with past drops exceeding 20%, raising concerns about reliability despite a recent interim cash dividend proposal. Recent leadership changes and steady net income growth may influence future stability in payouts.

• Delve into the full analysis dividend report here for a deeper understanding of China Everbright Bank.
• Our valuation report unveils the possibility China Everbright Bank's shares may be trading at a premium.

ID Holdings (TSE:4709)

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

Overview: ID Holdings Corporation offers information technology services in Japan and has a market cap of ¥26.33 billion.

Operations: ID Holdings Corporation's revenue segments include IT services in Japan.

Dividend Yield: 3.1%

ID Holdings' dividend yield of 3.1% is below the top quartile in Japan, but its dividends are well covered by earnings with a payout ratio of 21.1%. Despite a volatile dividend history, recent guidance indicates an increase to ¥30 per share for fiscal year-end 2025, up from ¥25 last year. The company's revised earnings forecast shows improved net income projections, suggesting potential stability in future payouts despite past unreliability.

• Get an in-depth perspective on ID Holdings' performance by reading our dividend report here.
• According our valuation report, there's an indication that ID Holdings' share price might be on the cheaper side.

Futaba Industrial (TSE:7241)

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

Overview: Futaba Industrial Co., Ltd. is engaged in the manufacturing and sales of automotive parts, information environment equipment, external sales equipment, and agricultural equipment both in Japan and internationally, with a market capitalization of ¥57.72 billion.

Operations: Futaba Industrial Co., Ltd.'s revenue is derived from various regions, with ¥52.63 billion from Asia, ¥72.18 billion from China, ¥338.24 billion from Japan, ¥68.75 billion from Europe, and ¥220.29 billion from North America.

Dividend Yield: 5.3%

Futaba Industrial offers a compelling dividend profile, with a high yield of 5.29% ranking in the top 25% of Japanese payers. Its dividends are well covered by earnings and cash flows, boasting low payout ratios of 23.3% and 20.5%, respectively. Despite a slight decline in profit margins, dividends have been stable and growing over the past decade, supported by good relative value compared to peers and an anticipated earnings growth rate of 22.82%.

• Click here to discover the nuances of Futaba Industrial with our detailed analytical dividend report.
• Our expertly prepared valuation report Futaba Industrial implies its share price may be lower than expected.

Key Takeaways

• Explore the 1954 names from our Top Dividend Stocks screener here.
• Are you invested in these stocks already? Keep abreast of every twist and turn by setting up a portfolio with Simply Wall St, where we make it simple for investors like you to stay informed and proactive.
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Ready For A Different Approach?

• 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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