Top Dividend Stocks To Consider In November 2024

As global markets navigate a busy earnings season and mixed economic signals, investors are seeing major indices like the S&P 500 and Nasdaq Composite face volatility after reaching record highs. With value stocks outperforming growth shares amid cautious corporate reports, dividend stocks present an appealing option for those seeking stability in uncertain times. A good dividend stock typically offers consistent payouts and financial resilience, making it a potentially attractive choice in today's fluctuating market environment.

Top 10 Dividend Stocks

Name	Dividend Yield	Dividend Rating
Tsubakimoto Chain (TSE:6371)	4.08%	★★★★★★
Peoples Bancorp (NasdaqGS:PEBO)	4.52%	★★★★★★
Globeride (TSE:7990)	4.05%	★★★★★★
Guangxi LiuYao Group (SHSE:603368)	3.16%	★★★★★★
Innotech (TSE:9880)	4.75%	★★★★★★
Business Brain Showa-Ota (TSE:9658)	4.12%	★★★★★★
FALCO HOLDINGS (TSE:4671)	6.49%	★★★★★★
James Latham (AIM:LTHM)	5.94%	★★★★★★
Citizens & Northern (NasdaqCM:CZNC)	5.44%	★★★★★★
Banque Cantonale Vaudoise (SWX:BCVN)	5.00%	★★★★★★

Click here to see the full list of 1932 stocks from our Top Dividend Stocks screener.

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

Best Pacific International Holdings (SEHK:2111)

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

Overview: Best Pacific International Holdings Limited, along with its subsidiaries, is engaged in the manufacturing, trading, and selling of elastic fabric, elastic webbing, and lace with a market cap of HK$2.75 billion.

Operations: Best Pacific International Holdings Limited generates revenue primarily from the manufacturing and trading of elastic fabric and lace, amounting to HK$3.76 billion, and elastic webbing, which contributes HK$915.53 million.

Dividend Yield: 9.2%

Best Pacific International Holdings recently reported strong earnings growth, with net income rising to HK$277.36 million for the first half of 2024. The company announced an interim dividend of HK$0.1333 per share, reflecting a solid payout ratio of 52.9% and a cash payout ratio of 45.3%, indicating dividends are well-covered by earnings and cash flow. However, the dividend track record has been volatile over the past decade despite offering a high yield in Hong Kong's market.

• Take a closer look at Best Pacific International Holdings' potential here in our dividend report.
• The valuation report we've compiled suggests that Best Pacific International Holdings' current price could be quite moderate.

Kweichow Moutai (SHSE:600519)

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

Overview: Kweichow Moutai Co., Ltd. is a company that produces and sells liquor products both in China and internationally, with a market cap of CN¥1.97 trillion.

Operations: Kweichow Moutai Co., Ltd. generates revenue primarily from its liquor segment, amounting to CN¥165.20 billion.

Dividend Yield: 3%

Kweichow Moutai's dividends have been stable and growing over the past decade, with a current yield of 3.03%, placing it in the top 25% of dividend payers in China. Despite a low payout ratio of 46.9%, indicating coverage by earnings, dividends are not well-covered by free cash flow due to a high cash payout ratio of 109.3%. Recent earnings reports show strong financial performance, with significant increases in sales and net income year-over-year.

• Click to explore a detailed breakdown of our findings in Kweichow Moutai's dividend report.
• Upon reviewing our latest valuation report, Kweichow Moutai's share price might be too pessimistic.

Bank of Nagoya (TSE:8522)

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

Overview: The Bank of Nagoya, Ltd. offers a range of banking and financial services in Japan with a market cap of ¥100.42 billion.

Operations: The Bank of Nagoya, Ltd. generates revenue from its Banking Business at ¥78.29 billion, Leasing Business at ¥21.50 billion, and Card Business at ¥2.46 billion.

Dividend Yield: 3.4%

Bank of Nagoya offers a reliable dividend yield of 3.36%, although it falls short compared to the top 25% in Japan. The dividends have been stable and growing over the past decade, supported by a low payout ratio of 27%. However, the bank faces challenges with a high bad loans ratio of 2.6% and a low allowance for these loans at 17%, which could impact future financial stability.

• Click here to discover the nuances of Bank of Nagoya with our detailed analytical dividend report.
• According our valuation report, there's an indication that Bank of Nagoya's share price might be on the cheaper side.

Make It Happen

• Take a closer look at our Top Dividend Stocks list of 1932 companies by clicking here.
• Hold shares in these firms? Setup your portfolio in Simply Wall St to seamlessly track your investments and receive personalized updates on your portfolio's performance.
• Unlock the power of informed investing with Simply Wall St, your free guide to navigating stock markets worldwide.

Interested In Other Possibilities?

• 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.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com