High-Yield Dividend Stocks To Consider In November 2024

As global markets show resilience with U.S. indexes nearing record highs and economic indicators like jobless claims reaching favorable levels, investors are navigating a landscape marked by both optimism and caution due to geopolitical tensions and policy uncertainties. In such an environment, dividend stocks can offer a compelling option for those seeking steady income, as they provide regular payouts that can help mitigate market volatility while potentially benefiting from broader economic growth trends.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Guaranty Trust Holding (NGSE:GTCO)	6.98%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.54%	★★★★★★
Tsubakimoto Chain (TSE:6371)	4.26%	★★★★★★
CAC Holdings (TSE:4725)	4.62%	★★★★★★
Padma Oil (DSE:PADMAOIL)	6.60%	★★★★★★
Financial Institutions (NasdaqGS:FISI)	4.46%	★★★★★★
James Latham (AIM:LTHM)	6.73%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.56%	★★★★★★
Premier Financial (NasdaqGS:PFC)	4.45%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	4.93%	★★★★★★

Click here to see the full list of 1960 stocks from our Top Dividend Stocks screener.

We'll examine a selection from our screener results.

Man Wah Holdings (SEHK:1999)

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

Overview: Man Wah Holdings Limited is an investment holding company involved in the manufacture, wholesale, trading, and distribution of sofas and ancillary products across China, Europe, Vietnam, Mexico, and other international markets with a market cap of approximately HK$17.99 billion.

Operations: Man Wah Holdings Limited generates revenue from various segments, including HK$12.30 billion from Sofa and Ancillary Products, HK$2.71 billion from Bedding and Ancillary Products, and HK$747.24 million from the Home Group Business.

Dividend Yield: 6.2%

Man Wah Holdings announced an interim dividend of HK$0.15 per share, with payment scheduled for January 8, 2025. Despite a slight decline in sales to HK$8.31 billion, net income remained stable at approximately HK$1.14 billion for the half year ended September 30, 2024. The company's dividend payments have been volatile over the past decade but are currently covered by earnings and cash flows, with a payout ratio of 50.5% and cash payout ratio of 84.4%.

• Unlock comprehensive insights into our analysis of Man Wah Holdings stock in this dividend report.
• Our valuation report here indicates Man Wah Holdings may be undervalued.

Fujian Expressway DevelopmentLtd (SHSE:600033)

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

Overview: Fujian Expressway Development Co., Ltd focuses on the investment, construction, toll collection, maintenance, and management of expressways in China with a market cap of CN¥9.85 billion.

Operations: Fujian Expressway Development Co., Ltd generates revenue through its core activities related to expressways in China, including investment, construction, toll collection, maintenance, and operational management.

Dividend Yield: 3.3%

Fujian Expressway Development Ltd. reported stable earnings for the nine months ending September 30, 2024, with net income at CNY 793.24 million. Despite a volatile dividend history over the past decade, its current dividend yield of 3.3% ranks in the top quarter of CN market payers. The dividends are well-covered by both earnings and cash flows, with payout ratios of 36.6% and a cash payout ratio of 25.1%, respectively, indicating sustainability despite past volatility concerns.

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

Qingdao Hiron Commercial Cold Chain (SHSE:603187)

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

Overview: Qingdao Hiron Commercial Cold Chain Co., Ltd. operates in the commercial refrigeration industry, focusing on the production and sale of cold chain equipment, with a market cap of CN¥4.29 billion.

Operations: Qingdao Hiron Commercial Cold Chain Co., Ltd. generates revenue primarily from its Food Service Equipment segment, which accounts for CN¥2.82 billion.

Dividend Yield: 4.9%

Qingdao Hiron Commercial Cold Chain has a volatile dividend history over the past six years, with payments not consistently growing. Despite this, its current dividend yield of 4.86% is among the top 25% in the CN market. The dividends are covered by earnings and cash flows, with payout ratios of 63.9% and 59.2%, respectively, suggesting sustainability despite recent revenue and net income declines for the nine months ending September 30, 2024.

• Delve into the full analysis dividend report here for a deeper understanding of Qingdao Hiron Commercial Cold Chain.
• According our valuation report, there's an indication that Qingdao Hiron Commercial Cold Chain's share price might be on the cheaper side.

Turning Ideas Into Actions

• Access the full spectrum of 1960 Top Dividend Stocks by clicking on this link.
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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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